Question 1

Import substitution industrialization (ISI)was based on the strategy of

Accepted Answer

A)  substituting previously imported simple consumer goods with newly domestically produced ones. 
B)  substituting previously exported simple consumer goods with newly domestically produced ones. 
C)  substituting previously imported advanced consumer goods with newly domestically produced simple ones. 
D)  substituting previously exported advanced consumer goods with newly domestically produced advanced agricultural ones. 
E)  substituting previously imported agricultural goods with newly domestically produced manufacturing ones. 
A)  substituting previously imported simple consumer goods with newly domestically produced ones. 
B)  substituting previously exported simple consumer goods with newly domestically produced ones. 
C)  substituting previously imported advanced consumer goods with newly domestically produced simple ones. 
D)  substituting previously exported advanced consumer goods with newly domestically produced advanced agricultural ones. 
E)  substituting previously imported agricultural goods with newly domestically produced manufacturing ones. A

Question 2

The claim that developing countries face a continuous decline in their terms of trade

Accepted Answer

A)  has been confirmed by most recent research according to Oatley. 
B)  has been disputed by most recent research according to Oatley. 
C)  was not really believed by governments in developing countries according to Oatley. 
D)  cannot be tested because the hypothesis is too generalized according to Oatley. 
E)  did not influence trade and development policies of developing countries according to Oatley. 
A)  has been confirmed by most recent research according to Oatley. 
B)  has been disputed by most recent research according to Oatley. 
C)  was not really believed by governments in developing countries according to Oatley. 
D)  cannot be tested because the hypothesis is too generalized according to Oatley. 
E)  did not influence trade and development policies of developing countries according to Oatley. B

Question 3

Most developing countries either nationalized or heavily controlled the financial sector in order to direct financial resources to targeted industries.

Accepted Answer

A) True 
 B)False  True

Question 4

GATT Part IV was successful in creating meaningful changes in the trade policies pursued by the advanced industrial countries.

Accepted Answer

A) True 
 B)False

Question 5

Explain how the collapse of agriculture during the Great Depression brought to power governments supported by import-competing interests.

Accepted Answer

During the Great Depression, the collaps

Question 6

A country which is a monoexporter is one in which

Accepted Answer

A)  their exports were almost fully sent to one country. 
B)  their exports were almost fully accounted for by one product. 
C)  their exports were almost fully accounted for by agriculture. 
D)  their exports were almost fully accounted for by mining. 
E)  their total trade was almost totally with one country. 
A)  their exports were almost fully sent to one country. 
B)  their exports were almost fully accounted for by one product. 
C)  their exports were almost fully accounted for by agriculture. 
D)  their exports were almost fully accounted for by mining. 
E)  their total trade was almost totally with one country.

Question 7

The Singer-Prebisch theory argues that developing countries' terms of trade deteriorate steadily over time because of

Accepted Answer

A)  greater demand for primary commodities versus industrial goods. 
B)  higher costs of primary commodities versus industrial goods. 
C)  less demand for industrial goods versus primary commodities 
D)  greater government protection for primary commodities versus industrial goods. 
E)  less demand for primary commodities versus industrial goods. 
A)  greater demand for primary commodities versus industrial goods. 
B)  higher costs of primary commodities versus industrial goods. 
C)  less demand for industrial goods versus primary commodities 
D)  greater government protection for primary commodities versus industrial goods. 
E)  less demand for primary commodities versus industrial goods.

Question 8

Explain the costs and benefits of the two-stage strategy of import substitution industrialization.

Accepted Answer

Import substitution industrialization (I

Question 9

The Group of 77 was a trade alliance of developing country governments that

Accepted Answer

A)  tried to use GATT rather than UNCTAD to pursue international rules that would increase their share of the gains from trade. 
B)  tried to use UNCTAD rather than GATT to pursue international rules that would increase their share of the gains from trade. 
C)  pressured advanced industrial countries to decrease trade barriers to protect their commodity export interests from competition. 
D)  pressured other developed countries to improve the terms of trade with each other. 
E)  created a finance mechanism, funded largely by the advanced industrialized countries, to purchase their commodities when their prices reached above a ceiling. 
A)  tried to use GATT rather than UNCTAD to pursue international rules that would increase their share of the gains from trade. 
B)  tried to use UNCTAD rather than GATT to pursue international rules that would increase their share of the gains from trade. 
C)  pressured advanced industrial countries to decrease trade barriers to protect their commodity export interests from competition. 
D)  pressured other developed countries to improve the terms of trade with each other. 
E)  created a finance mechanism, funded largely by the advanced industrialized countries, to purchase their commodities when their prices reached above a ceiling.

Question 10

Trade and development policies in developing countries after WW I have been strongly shaped by political competition between

Accepted Answer

A)  export and import oriented agricultural interests. 
B)  export and import oriented manufacturing interests. 
C)  rural-based agriculture and urban-based manufacturing. 
D)  former colonial and nationalist agriculture. 
E)  former colonial agriculture and nationalist manufacturing. 
A)  export and import oriented agricultural interests. 
B)  export and import oriented manufacturing interests. 
C)  rural-based agriculture and urban-based manufacturing. 
D)  former colonial and nationalist agriculture. 
E)  former colonial agriculture and nationalist manufacturing.

Question 11

According to structuralists in the post WWII era,markets in developing countries would not naturally reallocate sufficient resources from agriculture to manufacturing because

Accepted Answer

A)  they were still dominated by export-oriented agricultural interests. 
B)  they were still dominated by export-oriented manufacturing interests in advanced industrial states. 
C)  they were too poor because of having been prone to monoexportism. 
D)  they were too inflexible. 
E)  they did not have a coherent economic development strategy. 
A)  they were still dominated by export-oriented agricultural interests. 
B)  they were still dominated by export-oriented manufacturing interests in advanced industrial states. 
C)  they were too poor because of having been prone to monoexportism. 
D)  they were too inflexible. 
E)  they did not have a coherent economic development strategy.

Question 12

Were developing countries correct in their assessment that their participation in the global economy under liberalized trade rules would always leave them on vastly unequal terms?

Accepted Answer

The answer to this question is not strai

Question 13

In 1960 agriculture (as a percent of GDP)in advanced industrial economies was

Accepted Answer

A)  25%. 
B)  20%. 
C)  15%. 
D)  10%. 
E)  5%. 
A)  25%. 
B)  20%. 
C)  15%. 
D)  10%. 
E)  5%.

Question 14

In secondary ISI,emphasis shifts from

Accepted Answer

A)  the manufacture of simple consumer goods to consumer durable goods and intermediate inputs. 
B)  the manufacture of consumer durable goods to intermediate exports. 
C)  was adopted by most governments of East Asia. 
D)  the manufacture of consumer durable goods and intermediate inputs to capital goods needed to produce simple consumer goods. 
E)  the manufacture of simple consumer goods for exports and the import of cheaper consumer durable goods. 
A)  the manufacture of simple consumer goods to consumer durable goods and intermediate inputs. 
B)  the manufacture of consumer durable goods to intermediate exports. 
C)  was adopted by most governments of East Asia. 
D)  the manufacture of consumer durable goods and intermediate inputs to capital goods needed to produce simple consumer goods. 
E)  the manufacture of simple consumer goods for exports and the import of cheaper consumer durable goods.

Question 15

Discuss how trade relations between the advanced industrial countries and the developing world revolved around competing conceptions of international trade rules embodied in the GATT and UNCTAD systems.

Accepted Answer

Trade relations between advanced industr

Question 16

Pecuniary external economies are a problem of interdependent coordination among market processes.

Accepted Answer

A) True 
 B)False

Question 17

The push toward decolonialization in Africa in the 1950s was led by a coalition of indigenous professionals who had acquired positions in the administration of colonial economic and political rule.

Accepted Answer

A) True 
 B)False

Question 18

Explain how landowner dominated politics prior to WW II differed considerably across regions in the developing world.

Accepted Answer

Landowner dominated politics prior to Wo

Question 19

Most governments of developing countries after World War II believed that higher standards of living were not possible with most people living on subsistence agriculture.

Accepted Answer

A) True 
 B)False

Question 20

Explain how and why structuralism became the dominant theory of development economics.

Accepted Answer

Structuralism became the dominant theory

Import substitution industrialization (ISI)was based on the strategy of

The claim that developing countries face a continuous decline in their terms of trade

Most developing countries either nationalized or heavily controlled the financial sector in order to direct financial resources to targeted industries.

GATT Part IV was successful in creating meaningful changes in the trade policies pursued by the advanced industrial countries.

Explain how the collapse of agriculture during the Great Depression brought to power governments supported by import-competing interests.

A country which is a monoexporter is one in which

The Singer-Prebisch theory argues that developing countries' terms of trade deteriorate steadily over time because of

Explain the costs and benefits of the two-stage strategy of import substitution industrialization.

The Group of 77 was a trade alliance of developing country governments that

Trade and development policies in developing countries after WW I have been strongly shaped by political competition between

According to structuralists in the post WWII era,markets in developing countries would not naturally reallocate sufficient resources from agriculture to manufacturing because

Were developing countries correct in their assessment that their participation in the global economy under liberalized trade rules would always leave them on vastly unequal terms?

In 1960 agriculture (as a percent of GDP)in advanced industrial economies was

In secondary ISI,emphasis shifts from

Discuss how trade relations between the advanced industrial countries and the developing world revolved around competing conceptions of international trade rules embodied in the GATT and UNCTAD systems.

Pecuniary external economies are a problem of interdependent coordination among market processes.

The push toward decolonialization in Africa in the 1950s was led by a coalition of indigenous professionals who had acquired positions in the administration of colonial economic and political rule.

Explain how landowner dominated politics prior to WW II differed considerably across regions in the developing world.

Most governments of developing countries after World War II believed that higher standards of living were not possible with most people living on subsistence agriculture.

Explain how and why structuralism became the dominant theory of development economics.

International Political Economy

The World Trade Organization and the World Trade System

The Political Economy of International Trade Cooperation

A Society-Centered Approach to Trade Politics

A State-Centered Approach to Trade Politics

Trade and Development II: Economic Reform

Multinational Corporations in the Global Economy

The Politics of Multinational Corporations

The International Monetary System

Cooperation, conflict and Crisis in the Contemporary International Monetary System

A Society-Centered Approach to Monetary and Exchange-Rate Policies

A State-Centered Approach to Monetary and Exchange-Rate Policies

Developing Countries and International Finance I: the Latin American Debt Crisis

Developing Countries and International Finance II: a Decade of Crises

Globalization: Consequences and Controversies

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Exam 6: Trade and Development I: Import Substitution Industrialization

Import substitution industrialization (ISI)was based on the strategy of

The claim that developing countries face a continuous decline in their terms of trade

Most developing countries either nationalized or heavily controlled the financial sector in order to direct financial resources to targeted industries.

GATT Part IV was successful in creating meaningful changes in the trade policies pursued by the advanced industrial countries.

Explain how the collapse of agriculture during the Great Depression brought to power governments supported by import-competing interests.

A country which is a monoexporter is one in which

The Singer-Prebisch theory argues that developing countries' terms of trade deteriorate steadily over time because of

Explain the costs and benefits of the two-stage strategy of import substitution industrialization.

The Group of 77 was a trade alliance of developing country governments that

Trade and development policies in developing countries after WW I have been strongly shaped by political competition between

According to structuralists in the post WWII era,markets in developing countries would not naturally reallocate sufficient resources from agriculture to manufacturing because

Were developing countries correct in their assessment that their participation in the global economy under liberalized trade rules would always leave them on vastly unequal terms?

In 1960 agriculture (as a percent of GDP)in advanced industrial economies was

In secondary ISI,emphasis shifts from

Discuss how trade relations between the advanced industrial countries and the developing world revolved around competing conceptions of international trade rules embodied in the GATT and UNCTAD systems.

Pecuniary external economies are a problem of interdependent coordination among market processes.

The push toward decolonialization in Africa in the 1950s was led by a coalition of indigenous professionals who had acquired positions in the administration of colonial economic and political rule.

Explain how landowner dominated politics prior to WW II differed considerably across regions in the developing world.

Most governments of developing countries after World War II believed that higher standards of living were not possible with most people living on subsistence agriculture.

Explain how and why structuralism became the dominant theory of development economics.

International Political Economy

The World Trade Organization and the World Trade System

The Political Economy of International Trade Cooperation

A Society-Centered Approach to Trade Politics

A State-Centered Approach to Trade Politics

Trade and Development II: Economic Reform

Multinational Corporations in the Global Economy

The Politics of Multinational Corporations

The International Monetary System

Cooperation, conflict and Crisis in the Contemporary International Monetary System

A Society-Centered Approach to Monetary and Exchange-Rate Policies

A State-Centered Approach to Monetary and Exchange-Rate Policies

Developing Countries and International Finance I: the Latin American Debt Crisis

Developing Countries and International Finance II: a Decade of Crises

Globalization: Consequences and Controversies

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