Exam 22: Developing Countries: Growth, Crisis, and Reform

Until recently, per-capita income increased in East Asian countries such as Hong Kong, Singapore, South Korea, and Taiwan by ________-fold every generation

When one compares per-capital output growth rates among countries,

The relationship between annual real per-capita GDP and corruption across countries has been found to be:

In the early 1960s South Korea was an extremely poor country. However, in 1963, the country began a remarkable economic ascent. What was a direct cause of this?

List and explain 3 major channels through which developing countries have financed their external deficits.

While many developing countries have reformed their economies in order to imitate the success of the successful industrial economies, the process remains incomplete and most developing countries tend to be characterized by all of the following except:

The world's economies can be divided into four main categories according to their annual per-capita income levels: low-income, lower middle-income, upper middle-income and high-income economies. What category would Malaysia falls under?

The term contagion refers to:

For many developing countries, natural resources or agricultural commodities make up ________ share of exports

Based on the case study, answer the following question: Can currency boards make low-inflation policies credible?

Explain the basic macroeconomic policy trilemma for open economies.

Should the IMF be abolished? Discuss.

"Sharp contractions in a country's output and employment invariably result from a crisis in which the country suddenly loses access to all foreign sources of funds." Explain how the current account identity necessitates these contractions.

Which of the following countries had a larger growth rate since 1960?

Since 1960, South Korea and Singapore enjoyed an average per-capita growth rate well ________ the average industrialized world.

The world's economies can be divided into four main categories according to their annual per-capita income levels: low-income, lower middle-income, upper middle-income and high-income economies. What category would the South Africa falls under?

How would you define a currency board?

Seigniorage refers to

Please consider Table 22-2 below. At that Annual Average Growth Rate, how many years does it take for the output per capita to double in both the United States and South Korea.

Describe the crisis in Russia starting from 1989. Explain why?