Exam 3: Political Economy and Economic Development

Many totalitarian regimes were able to deliver economic progress to the vast bulk of their populations, which curbed the spread of democracy during the late 1980s.

Discuss Samuel Huntington's views on Islamic fundamentalism.

Which of the following is an example of deregulation?

A well-functioning market economy requires laws protecting private property rights and providing mechanisms for contract enforcement.

Some totalitarian regimes have fostered a market economy and strong property rights protection and have experienced rapid economic growth.

Why are democratic regimes more conducive to economic growth than dictatorships?

It may be more costly to do business in relatively primitive or undeveloped economies because of the lack of infrastructure and supporting businesses.

A free market economy in which property rights are protected leads to subsequent economic growth, which often leads to the establishment of:

The overall attractiveness of a country as a potential market or investment site for an international business depends on balancing the benefits, costs, and risks associated with doing business in that country.

New information and communication technologies have enabled the spread of democratic ideals.

GNI and PPP data are useful because they provide a dynamic analysis of economic development.

Which of the following is a step in the shift toward a market-based economic system?

Anecdotal comparisons suggest that the assertion that nations that invest more in education will have higher growth rates is true.

Life expectancy at birth is one of the measures used by the Human Development Index (HDI) to measure the quality of human life in different nations.

What are late-mover disadvantages?

The influential Peruvian development economist Hernando de Soto has argued that much of the developing world will fail to reap the benefits of capitalism until ____.

For privatization to work, it must also be accompanied by a more general deregulation and opening of the economy.

GNI per capita can be adjusted by purchasing power to account for differences in the cost of living.

For privatization to work, it must also be accompanied by:

Since the late 1980s, there has been a strong move away from a more free market economic model and toward a more centrally planned and mixed economies.