Exam 9: Political Economy: National and Global Perspectives

The 'new political economy' promoted by Robert W. Cox accepts the basic form of world order developed over the centuries but insists on serious reforms to make it more equitable.

Which two entities do most studies in political economy take to be their principal objects of concern?

A basic premise of mercantilism is that national wealth and military power go hand in hand, each supporting the other.

The thriving economies of the Asia-Pacific region have relied solely on the dynamics of free market forces with minimal state involvement in stimulating favourable conditions for economic growth and development.

The 'Bretton Woods' institutions that emerged as part of the post-war economic order include which of the following? Please select all that apply.

The 'Millennium Development Goals' (MDGs) set 2017 as the year by which the number of people living in extreme poverty would be halved.

John Maynard Keynes is regarded as a pro-state liberal because he believed which of the following to be true?

The principal elements of early liberal political economy include which of the following?

Structural adjustment programmes imposed by the World Bank and the IMF on poorer countries from the 1980s include which of the following measures?

Mercantilism supports the ideology of the free market while at the same time supporting a strong state along the lines of realist principles.

Which of the following about mercantilism are correct? Please select all that apply.

Neo-classical economics assumes that free markets behave irrationality and thus strong government intervention is required.

Which factors led to calls for a New International Economic Order (NIEO) in the 1970s?

The Association of Southeast Asian Nations (ASEAN) is a regional organization whose original purpose was concerned mainly with what?