Question 1

Critics of the World Bank's analysis of East Asian industrial policies argue that

Accepted Answer

A) even though growth was faster in the non-targeted industries than it was in the targeted ones, the policies were essential to overall economic growth. 
B) growth was faster in nearly every targeted industries than it was in the non-targeted ones. 
C) even though growth was the same in the targeted industries as it was in the non-targeted ones, they would have grown slower without the policies. 
D) growth was slower in the targeted industries; hence the policies did not work. 
A) even though growth was faster in the non-targeted industries than it was in the targeted ones, the policies were essential to overall economic growth. 
B) growth was faster in nearly every targeted industries than it was in the non-targeted ones. 
C) even though growth was the same in the targeted industries as it was in the non-targeted ones, they would have grown slower without the policies. 
D) growth was slower in the targeted industries; hence the policies did not work. C

Question 2

Property rights are relatively secure and free from the threat of nationalization in the high-growth Asian economies.

Accepted Answer

A) True 
 B)False  True

Question 3

All of the following are true of the high-growth Asian economies except

Accepted Answer

A) macroeconomic stability has been a high priority of their economic policies. 
B) strong, credible commitments to sharing economic growth across all layers of society exist. 
C) exports have been promoted while at the same time being more open to imports than other developing countries. 
D) restrictions on imports of capital goods have helped to favor the development of domestic technology. 
A) macroeconomic stability has been a high priority of their economic policies. 
B) strong, credible commitments to sharing economic growth across all layers of society exist. 
C) exports have been promoted while at the same time being more open to imports than other developing countries. 
D) restrictions on imports of capital goods have helped to favor the development of domestic technology. D

Question 4

Could the high-income Asian economies be characterized as open economies? Explain.

Accepted Answer

There has been much debate on this subje

Question 5

Similarly to the Latin American region,the high-growth Asian economies experienced a Lost Decade in the 1980s.

Accepted Answer

A) True 
 B)False

Question 6

In general,the relationship between democracy and economic growth as demonstrated by the high-growth Asian economies is that

Accepted Answer

A) democratic nations grow faster than undemocratic nations. 
B) democratic nations grow slower than undemocratic nations. 
C) there does not seem to be a relationship between democracy and economic growth. 
D) democracies are much more variable in their rates of growth than undemocratic nations. 
A) democratic nations grow faster than undemocratic nations. 
B) democratic nations grow slower than undemocratic nations. 
C) there does not seem to be a relationship between democracy and economic growth. 
D) democracies are much more variable in their rates of growth than undemocratic nations.

Question 7

Identify at least three key factors in the high-growth Asian economies' economic success.

Accepted Answer

These would include macroeconomic stabil

Question 8

What evidence is there that industrial policies were a major influence on East Asian success?

Accepted Answer

There is no clear answer to this questio

Question 9

Studies of the high growth Asian economies confirm the importance of savings and investment in increasing economic growth.

Accepted Answer

A) True 
 B)False

Question 10

Investment in education in the high-growth Asian economies was ________ in ________.

Accepted Answer

A) low; primary schools 
B) high; primary schools 
C) low; primary and secondary schools 
D) high; primary and secondary schools 
E) high; university education 
A) low; primary schools 
B) high; primary schools 
C) low; primary and secondary schools 
D) high; primary and secondary schools 
E) high; university education

Question 11

The high-growth Asian economies have been more open to imports than most developing countries.

Accepted Answer

A) True 
 B)False

Question 12

Deliberation councils have no private sector input.

Accepted Answer

A) True 
 B)False

Question 13

Macroeconomic stability has been a high priority for the economic policies of the high-growth Asian economies.

Accepted Answer

A) True 
 B)False

Question 14

The World Bank's view of the effectiveness of industrial policies in East Asia is that,in general,they

Accepted Answer

A) hindered growth. 
B) had little or no effect on growth. 
C) encouraged growth. 
D) are the main factor in the success of the East Asian economies. 
A) hindered growth. 
B) had little or no effect on growth. 
C) encouraged growth. 
D) are the main factor in the success of the East Asian economies.

Question 15

Describe several components of the institutional environment in the high-growth Asian economies that are critical to their success.

Accepted Answer

Property rights are secure,bur

Question 16

Compare macroeconomic policies in the high-growth Asian economies with policies in the rest of the world.

Accepted Answer

These economies have prioritized the mai

Question 17

Name the eight high-growth Asian economies.

Accepted Answer

Hong Kong,Indonesia,

Question 18

All of the following would be potential problems if developing nations around the world emphasized export promotion except

Accepted Answer

A) industrial nations may be unable to absorb the exports of many newly industrializing nations. 
B) it would be much harder to emphasize exports under the WTO framework if the emphasis in exports requires some kind of subsidies. 
C) export growth may not add to GDP if it crowds out growth in output of goods for domestic consumption. 
D) current research has clearly established that there is no causal connection between exports and faster economic growth. 
A) industrial nations may be unable to absorb the exports of many newly industrializing nations. 
B) it would be much harder to emphasize exports under the WTO framework if the emphasis in exports requires some kind of subsidies. 
C) export growth may not add to GDP if it crowds out growth in output of goods for domestic consumption. 
D) current research has clearly established that there is no causal connection between exports and faster economic growth.

Question 19

Each of the high-growth Asian economies promoted manufactured exports.

Accepted Answer

A) True 
 B)False

Question 20

One obstacle to the adoption of the export promotion model by countries in other regions is that

Accepted Answer

A) the Uruguay Round of the GATT forbids many types of export promotion policies. 
B) research and development for new exports is too expensive. 
C) only noncommercial R&D is permitted under the rules of the GATT. 
D) industrial monopolies in the high-income countries will block further exports by developing countries. 
A) the Uruguay Round of the GATT forbids many types of export promotion policies. 
B) research and development for new exports is too expensive. 
C) only noncommercial R&D is permitted under the rules of the GATT. 
D) industrial monopolies in the high-income countries will block further exports by developing countries.

Critics of the World Bank's analysis of East Asian industrial policies argue that

Property rights are relatively secure and free from the threat of nationalization in the high-growth Asian economies.

All of the following are true of the high-growth Asian economies except

Could the high-income Asian economies be characterized as open economies? Explain.

Similarly to the Latin American region,the high-growth Asian economies experienced a Lost Decade in the 1980s.

In general,the relationship between democracy and economic growth as demonstrated by the high-growth Asian economies is that

Identify at least three key factors in the high-growth Asian economies' economic success.

What evidence is there that industrial policies were a major influence on East Asian success?

Studies of the high growth Asian economies confirm the importance of savings and investment in increasing economic growth.

Investment in education in the high-growth Asian economies was in .

The high-growth Asian economies have been more open to imports than most developing countries.

Deliberation councils have no private sector input.

Macroeconomic stability has been a high priority for the economic policies of the high-growth Asian economies.

The World Bank's view of the effectiveness of industrial policies in East Asia is that,in general,they

Describe several components of the institutional environment in the high-growth Asian economies that are critical to their success.

Compare macroeconomic policies in the high-growth Asian economies with policies in the rest of the world.

Name the eight high-growth Asian economies.

All of the following would be potential problems if developing nations around the world emphasized export promotion except

Each of the high-growth Asian economies promoted manufactured exports.

One obstacle to the adoption of the export promotion model by countries in other regions is that

The United States in a Global Economy

International Economic Institutions Since World War II

Comparative Advantage and the Gains From Trade

Comparative Advantage and Factor Endowments

Beyond Comparative Advantage

The Theory of Tariffs and Quotas

Commercial Policy

International Trade and Labor and Environmental Standards

Trade and the Balance of Payments

Exchange Rates and Exchange Rate Systems

An Introduction to Open Economy Macroeconomics

International Financial Crises

The United States in the World Economy

The European Union: Many Markets Into One

Trade and Policy Reform in Latin America

China and India in the World Economy

Filters

Exam 16: Export-Oriented Growth in East Asia

Critics of the World Bank's analysis of East Asian industrial policies argue that

Property rights are relatively secure and free from the threat of nationalization in the high-growth Asian economies.

All of the following are true of the high-growth Asian economies except

Could the high-income Asian economies be characterized as open economies? Explain.

Similarly to the Latin American region,the high-growth Asian economies experienced a Lost Decade in the 1980s.

In general,the relationship between democracy and economic growth as demonstrated by the high-growth Asian economies is that

Identify at least three key factors in the high-growth Asian economies' economic success.

What evidence is there that industrial policies were a major influence on East Asian success?

Studies of the high growth Asian economies confirm the importance of savings and investment in increasing economic growth.

Investment in education in the high-growth Asian economies was ________ in ________.

The high-growth Asian economies have been more open to imports than most developing countries.

Deliberation councils have no private sector input.

Macroeconomic stability has been a high priority for the economic policies of the high-growth Asian economies.

The World Bank's view of the effectiveness of industrial policies in East Asia is that,in general,they

Describe several components of the institutional environment in the high-growth Asian economies that are critical to their success.

Compare macroeconomic policies in the high-growth Asian economies with policies in the rest of the world.

Name the eight high-growth Asian economies.

All of the following would be potential problems if developing nations around the world emphasized export promotion except

Each of the high-growth Asian economies promoted manufactured exports.

One obstacle to the adoption of the export promotion model by countries in other regions is that

The United States in a Global Economy

International Economic Institutions Since World War II

Comparative Advantage and the Gains From Trade

Comparative Advantage and Factor Endowments

Beyond Comparative Advantage

The Theory of Tariffs and Quotas

Commercial Policy

International Trade and Labor and Environmental Standards

Trade and the Balance of Payments

Exchange Rates and Exchange Rate Systems

An Introduction to Open Economy Macroeconomics

International Financial Crises

The United States in the World Economy

The European Union: Many Markets Into One

Trade and Policy Reform in Latin America

China and India in the World Economy

Filters

Investment in education in the high-growth Asian economies was in .