Exam 4: The Critical Political Economy of Development

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The political philosophy of Karl Marx has had a great deal of influence on economics and politics for the past century.

(True/False)
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In order to be considered a true capitalist, you must exert control over others' labour in order to make a profit.

(True/False)
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Briefly compare and contrast the theories espoused by Karl Marx and Adam Smith.

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Marx-inspired critiques of political economy argue that persistent inequalities exist between ____________.

(Multiple Choice)
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Critical development theories inspired by Marxism focus on how capitalism has been shaped by colonialism and imperialism.

(True/False)
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Import substitution industrialization was seen as a solution to the problem(s) of ____________.

(Multiple Choice)
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China has notably increased wealth since 2000, thus catching up with the rest of the world. Political theorists argue this is problematic because _____________.

(Multiple Choice)
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Why do critical race theorists talk about "racialization" and "racialized" peoples?

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Praxis is the idea that practice makes perfect.

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Describe Walter Rodney's argument that European colonialism underdeveloped African countries.

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Class is not a thing; it must be understood as a social relation.

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Marxists and their modern counterparts argue that capitalism is sustainable over the long term.

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Before the advent of capitalism, most land in England was held in common. This meant that ____________.

(Multiple Choice)
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Vladimir Lenin believed that imperialism was an unavoidable stage in the evolution of capitalism.

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Statistics presented by organisations such as the United Nations and the World Bank purport to represent class, but this should be more accurately labelled "socio-economic status" because __________________.

(Multiple Choice)
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Cuba is an interesting case study in political economy because _____________.

(Multiple Choice)
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How do critical political economy approaches view the origins of the concept of "development"?

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The mainstream, modern notion of development was heavily influenced by Cold War ideology.

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Neo-colonialism is similar to older forms of colonialism except ___________.

(Multiple Choice)
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Class relationships are inherently conflictual.

(True/False)
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