Exam 10: National Economic Competition: The Traditional Road

In your opinion,what lies ahead for the future of economic nationalist policy? Is economic nationalism declining or being reinforced?

Why does the North-South classification remain useful despite its inconsistencies?

What relationship do economic structuralists see between economics and politics?

Dependency theory maintains that the uneven distribu­tion of wealth is the result of

The view that a state should manipulate all movement of goods and services in the interest of the state is a policy that would be advocated by

The author of the text describes using economic means for both economic and noneconomic ends.What does this mean? Provide examples to support your answer.

Describe some of the negative by-products of development for the LDCs.

Dependency theory maintains that the exploitation of LDCs occurs because EDCs require cheap primary goods.

Which of the following is not an instrument used by governments to restrict trade?

The movement of service jobs from the North to the South is commonly referred to as

The EDC's slowing economies have sharpened the competition among them.

An international agreement among producers that attempts to control the price and supply of a product is a

How are the North's economic and societal patterns different from those of the South? Is the North-South gap improving?

Economic structuralist theory maintains that the economic order determines political and social relationships.

What is not a central point of the proposed New International Economic Order?

The creation of the General Agreement on Tariffs and Trade (GATT)was primarily motivated by the

A negative side effect of modernization is

To control for the impact of inflation,economists will often convert "current dollars" to

Efforts to insulate a state's economy from the pressures of the global economy are often called

Investment in foreign companies or real estate is known as