Exam 4: The Critical Political Economy of Development

The statement "The philosophers have only interpreted the world, in various ways. The point, however, is to change it" is attributed to Karl Marx.

Jeffery Sachs argues that the development gap is due to large differential growth rates between developing and developed countries.

"Declining terms of trade" means ______________.

Critical political economy practitioners are concerned with how wealth is created and shared between countries but not how wealth is shared within countries.

In many white settler states such as Canada and Australia, racialized women face disproportionate levels of poverty and economic insecurity, which can be connected to the combination of gender inequality and racial wealth divisions.

The International Women's Strike was born out of____________.

Anti-imperialist fervour after World War I resulted in the dissolution of the following political empires ___________.

Critical political economy focuses on questions such as_____________.

Chile has been touted as a neoliberal success story because it has experienced significant increases in its GDP.

Which historical factor(s) help to explain the rise of "the development project"?

Adam Smith argued that the state should intervene in economic development.

Define and describe the difference between colonialism and imperialism in the Marxist view. How do these concepts relate to capitalism?

Modern political economic theorists are particularly concerned about the neoliberal process of privatization, which entails the sale of government assets at very low (or zero) cost to private interests and then used for profit.

Explain the dependency school of thought and describe the two main bodies of thought that emerged from it.

Wealthy women are better able to find success in the workforce because they can afford to hire people, most often other women, to help with domestic duties like child and home care.

Define and describe the concept of "social reproduction."

Robert Brenner argued that scholars of the dualist approach to dependency did not understand the social relations of capitalism correctly, simply focusing on the way that commodities circulate (through international trade) rather than how they are produced.

Walter Rodney used a "balance sheet of colonialism" to posit that ____________.

The "white-man's burden" refers to ____________.

What is Jeffery Sachs' argument around the development gap? How do critical development theories see this gap?