Exam 7: Trade and Development II: Economic Reform

Why was the East Asian export oriented strategy so successful for the countries that adopted it? What effect did it have on the decline of manufacturing labor in advanced industrial states?

In what has come to be called the East Asian model of development,economic development is conceptualized as a series of distinct stages.In the second stage,

According to the World Bank and the IMF,East Asia succeeded because markets played a large role,and states played a small role in allocating resources.

In what has come to be called the East Asian model of development,economic development is conceptualized as a series of distinct stages.In the first stage,

Economic crises struck developing countries during the early 1980s's in large part as a consequence of governments' decision to borrow to finance their budget and current account deficits.

Explain why most developing countries reversed 35 years of post WW II structuralist development policies to adopt neo-liberalism and export-oriented industrialization.

How did Asian governments implement policies that encouraged exports?

What are the costs and benefits of the "Washington Consensus" model of development policy versus the "Beijing Consensus" model?

According to Oatley,most East Asian development scholars agree

According to Oatley,recent research clearly demonstrates that neo-liberal reforms have reduced poverty and narrowed the income gap between the advanced industrial countries and the developing world.

In what has come to be called the East Asian model of development,economic development is conceptualized as a series of distinct stages.In the third stage,

According to Oatley,Governments promoted ISI policies so that

The East Asian model was praised by those opposed to ISI trade strategies because

According to Oatley,policies that government used to promote industrialization weakened agriculture to such an extent that

Brazil,India and China are now using their greater economic and trade power to attempt to capture a larger share of the gains available from international trade cooperation by shaping the agenda of the Doha Round.

The decline in agricultural production caused by government promotion of industrialization was most severe in Latin America.

How did ISI inefficiencies reinforce the tendency of most governments to maintain overvalued exchange rates?

Compare and contrast the strengths and weaknesses of the two different explanations for East Asian success.

Economic performance,as a result of neo-liberal reforms mandated by World Bank and IMF structural adjustment policies,has been uniformly successful throughout the developing world.

How did the search for urban political support in the wake of the failure of export oriented agriculture during the inter war period lead to budget crises under ISI development policies?