Question 1

Under the neo-liberal philosophy, developing governments were expected to have a large role in steering the economy.

Accepted Answer

A) True 
 B)False

Question 2

Explain why economic growth and development through Keynesian-based economic policies had only partially been realized by the early 1970s.

Accepted Answer

By the early 1970s, economic growth and

Question 3

Walt W. Rostow's transition stage of economic development argued that:

Accepted Answer

A)  the development of internal and external markets allowed the sale of agricultural surpluses and the import of new goods with foreign technology 
B)  this was the moment when developing countries switched to large-scale agriculture and industry 
C)  this was a period of rapid urbanization and industrialization 
D)  the economies of developing countries were mostly agricultural and focused on subsistence 
E)  countries would become more economically diversified and less reliant on imports to cover necessities 
A)  the development of internal and external markets allowed the sale of agricultural surpluses and the import of new goods with foreign technology 
B)  this was the moment when developing countries switched to large-scale agriculture and industry 
C)  this was a period of rapid urbanization and industrialization 
D)  the economies of developing countries were mostly agricultural and focused on subsistence 
E)  countries would become more economically diversified and less reliant on imports to cover necessities

Question 4

Define and describe the "developmental state" and provide an example.

Accepted Answer

A developmental state had a bureaucracy

Question 5

Explain and give examples of Walt W. Rostow's five stages of growth and development.

Accepted Answer

Walt W. Rostow, an American economist an

Question 6

How successful has Walt W. Rostow's stages of growth and development model been?

Accepted Answer

Almost none of the developing countries

Question 7

When commodity exports suffer from highly variable prices that rise or fall significantly on a yearly basis, making it very difficult for developing countries to plan infrastructure projects, social services, or industrialization. This is a situation known as ___________________.

Accepted Answer

A)  declining terms of trade 
B)  income volatility 
C)  income elasticity of demand 
D)  purchasing power parity 
E)  stop-and-go patterns 
A)  declining terms of trade 
B)  income volatility 
C)  income elasticity of demand 
D)  purchasing power parity 
E)  stop-and-go patterns

Question 8

Explain Elinor Ostrom's argument that people can create self-governing institutions.

Accepted Answer

Mancur Olson posited that groups of peop

Question 9

Define and describe Paul Rosenstein-Rodan's theory of the "big push" and infrastructure investments.

Accepted Answer

New ideas about how the developing world

Question 10

Development economics, as a discipline, began after World War II and the development of Keynesian economics.

Accepted Answer

A) True 
 B)False

Question 11

How did neo-liberal thinkers understand the sources of economic growth and state intervention?

Accepted Answer

Neo-liberal thinkers argued that true so

Question 12

Neo-liberalism is a modern version of the old idea that economic markets should function with little to no interference from governments and regulators.

Accepted Answer

A) True 
 B)False

Question 13

The metaphor of the "flying geese formation" refers to _______________.

Accepted Answer

A)  a Japanese idea that other Asian economies would follow the "bird" ahead that was leading the group towards economic growth and development 
B)  a Chinese idea that other Asian economies would follow the "bird" ahead that was leading the group towards economic growth and development 
C)  a mid-nineteenth century concept for economic development in Western Europe 
D)  an economic development perspective that was popularized by John Maynard Keynes 
E)  None of the above 
A)  a Japanese idea that other Asian economies would follow the "bird" ahead that was leading the group towards economic growth and development 
B)  a Chinese idea that other Asian economies would follow the "bird" ahead that was leading the group towards economic growth and development 
C)  a mid-nineteenth century concept for economic development in Western Europe 
D)  an economic development perspective that was popularized by John Maynard Keynes 
E)  None of the above

Question 14

Until the early 1700s, most people ___________.

Accepted Answer

A)  worked in subsistence farming 
B)  manufactured goods only at a small scale 
C)  rarely engaged in international trade 
D)  All of the above 
E)  None of the above 
A)  worked in subsistence farming 
B)  manufactured goods only at a small scale 
C)  rarely engaged in international trade 
D)  All of the above 
E)  None of the above

Question 15

Early theorists like Adam Smith and David Ricardo laid the foundation for today's capitalist economy based on:

Accepted Answer

A)  individual self-interest 
B)  free market rules governing the use of labour, land, and capital 
C)  free trade among nations 
D)  following the invisible hand of the market via supply and demand 
E)  All of the above 
A)  individual self-interest 
B)  free market rules governing the use of labour, land, and capital 
C)  free trade among nations 
D)  following the invisible hand of the market via supply and demand 
E)  All of the above

Question 16

Explain the theoretical framework of Keynesian economics and explore how it influenced development workers and policy makers.

Accepted Answer

John Maynard Keynes, an English economis

Question 17

Why was state-led capitalism seen to have partially or completely failed in the developing world? What was the response to this perceived failure?

Accepted Answer

Thus, the promise of state-led capitalis

Question 18

Theories of development after World War II became known collectively as modernization theories. These theories initially did not include variants from _______________.

Accepted Answer

A)  sociology 
B)  economics 
C)  political science 
D)  psychology 
E)  All of the above 
A)  sociology 
B)  economics 
C)  political science 
D)  psychology 
E)  All of the above

Question 19

In early models of development economics, Western aid aimed to build close relationships with key figures in developing societies in order to first alter their social values, and then usher in change to economic and political structures.

Accepted Answer

A) True 
 B)False

Question 20

Neoliberalism believed that solutions to economic development were ______________.

Accepted Answer

A)  state regulations to guide market competition, export promotion, and protectionism 
B)  absorption of Western values and institutions, controls on trade, and democratization 
C)  free markets, financial deregulation, and globalized markets 
D)  urbanization, industrialization, and controls on trade 
E)  labour specialization, mechanization, and free trade 
A)  state regulations to guide market competition, export promotion, and protectionism 
B)  absorption of Western values and institutions, controls on trade, and democratization 
C)  free markets, financial deregulation, and globalized markets 
D)  urbanization, industrialization, and controls on trade 
E)  labour specialization, mechanization, and free trade

Exam 3: Theories of Development Economics

Under the neo-liberal philosophy, developing governments were expected to have a large role in steering the economy.

Explain why economic growth and development through Keynesian-based economic policies had only partially been realized by the early 1970s.

Walt W. Rostow's transition stage of economic development argued that:

Define and describe the "developmental state" and provide an example.

Explain and give examples of Walt W. Rostow's five stages of growth and development.

How successful has Walt W. Rostow's stages of growth and development model been?

When commodity exports suffer from highly variable prices that rise or fall significantly on a yearly basis, making it very difficult for developing countries to plan infrastructure projects, social services, or industrialization. This is a situation known as ___________________.

Explain Elinor Ostrom's argument that people can create self-governing institutions.

Define and describe Paul Rosenstein-Rodan's theory of the "big push" and infrastructure investments.

Development economics, as a discipline, began after World War II and the development of Keynesian economics.

How did neo-liberal thinkers understand the sources of economic growth and state intervention?

Neo-liberalism is a modern version of the old idea that economic markets should function with little to no interference from governments and regulators.

The metaphor of the "flying geese formation" refers to _______________.

Until the early 1700s, most people ___________.

Early theorists like Adam Smith and David Ricardo laid the foundation for today's capitalist economy based on:

Explain the theoretical framework of Keynesian economics and explore how it influenced development workers and policy makers.

Why was state-led capitalism seen to have partially or completely failed in the developing world? What was the response to this perceived failure?

Theories of development after World War II became known collectively as modernization theories. These theories initially did not include variants from _______________.

In early models of development economics, Western aid aimed to build close relationships with key figures in developing societies in order to first alter their social values, and then usher in change to economic and political structures.

Neoliberalism believed that solutions to economic development were ______________.

What Is Development? From Economic Growth to the Sustainable Development Goals

Imperialism and the Colonial Experience

The Critical Political Economy of Development

Post-development and Alternatives to Development

Gender and Development: Theoretical Insights and International Commitments

Globalization and Development

State of the State: Does the State Have a Role in Development?

National Development Agencies and Bilateral Aid

The International Financial Institutions

The United Nations and Multilateral Actors in Development

Private Enterprise and Development

Civil Society and Development

China and the Emerging Economies

Debt and Development

Free Trade, Fair Trade, and South-South Trade

Democracy

Climate Change, Environment, and Development

Rural Development

Urban Development: Cities in the Global South

Development and Health

Conflict and Development

Refugees and International Development Policy and Practice

Indigenous Community Economic Resilience

Culture and Development

Measuring and Evaluating Poverty

Inequality and Social Policy

Planning and Appraising Development Projects

Humanitarian Assistance and Intervention

Ethics of Development, by Des Gasper

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