Question 1

To help heavily indebted poor countries (HIPCs), the International Monetary Fund and the World Bank have developed policies to

Accepted Answer

The best choice is A because offering debt relief packages to heavily indebted poor countries (HIPCs) helps alleviate their debt burden and allows them to use their resources to invest in development, which can ultimately lead to economic growth and self-reliance. While the IMF and World Bank may also offer loans and support economic development, debt relief is a crucial policy for addressing the immediate debt crisis that HIPCs face. Option D is not relevant to the IMF and World Bank's policies for HIPCs. Option E includes a correct option (C) but is not the best choice because debt relief is the most important policy for addressing the debt crisis in HIPCs.

Question 2

The colonial heritage of the Global South is central to many explanations of the problems that Middle Eastern, African, Asian, and Latin American countries face.European imperial expansion into these regions occurred in two waves of empire building.Compare the economic strategies underlying the relationships between colonies and colonizers during each of these two periods.

Accepted Answer

The answer of The colonial heritage of the Global South...

Question 3

MNCs have been praised by some and condemned by others.What are the pros and cons of MNCs in the Global South? On the whole, has their presence there produced positive or negative effects?

Accepted Answer

The answer of MNCs have been praised by some and...

Question 4

Debt is one the most debilitating economic problems facing Global South countries.Do Global North countries have a moral obligation to reduce or eliminate the debt owed them? What types of arrangements should Global North countries make with Global South debtors to help alleviate debt problems?

Accepted Answer

The answer of Debt is one the most debilitating economic...

Question 5

Foreign direct investment (FDI) is

Accepted Answer

Investment by MNCs in states in the Global South is FDI.

Question 6

"Conditionality" in foreign aid refers to

Accepted Answer

"Conditionality" refers to the demands that aid recipients must meet in order to receive the assistance, such as implementing economic reforms, improving governance or human rights, etc. It is not related to the level of poverty or terms of repayment.

Question 7

Compare the modernization and dependency theories on the causes of the economic gap between rich and poor countries.Which one do you find more convincing? Why?

Accepted Answer

The answer of Compare the modernization and dependency theories on...

Question 8

Virtually all states comprising the Global North provide large sums of aid to developing nations each year.Foreign aid comes in a variety of forms, and its purposes are as varied as its forms.Write an essay in which you discuss the different forms of foreign aid, their primary objectives, and their expected by-products.

Accepted Answer

The answer of Virtually all states comprising the Global North...

Question 9

Which of the following are attitudes shared by the middle class in both the Global North and Global South?

Accepted Answer

The middle class in both the Global North and Global South share a commitment to educating future generations and are inclined toward entrepreneurship. While there may be some variation in attitudes regarding government accountability, there is a trend toward increased support for accountability in both regions. Therefore, the best choice is D, as options a and c are true.

Question 10

Which of the following is not a member of the BRIC countries?

Accepted Answer

The BRIC countries are Brazil, Russia, India, and China. Britain and Canada are not members of this group, making both options A and D correct.

Question 11

Discuss the factors that led to the development of OPEC.How did OPEC change global political economic relations? Could OPEC return to its previous position of power over oil importing countries? If so, what recourse would oil importers have to OPEC power.

Accepted Answer

The answer of Discuss the factors that led to the...

Question 12

Global South nations have pushed for a New International Economic Order (NIEO).How would such an order change foreign assistance, investment, and trade between Global South and the Global North?

Accepted Answer

The answer of Global South nations have pushed for a...

Question 13

Contrast the import-substitution strategy of industrialization with the export-led strategy.Which approach has been more successful for Global South countries in the post-World War Two era.Provide an example to support your claim.

Accepted Answer

The answer of Contrast the import-substitution strategy of industrialization with...

Question 14

Explain the economic and political factors required to create a successful commodity producer cartel.What economic and political factors mitigate against the creation of successful commodity producer cartels?

Accepted Answer

The answer of Explain the economic and political factors required...

Question 15

The period of decolonization following World War Two was remarkably peaceful.What accounts for this peaceful transition? What accounts for the rapid erosion of support for colonialism after World War II.

Accepted Answer

The answer of The period of decolonization following World War...

Quiz 11: The Political Economy of Global Poverty and Inequality

To help heavily indebted poor countries (HIPCs) , the International Monetary Fund and the World Bank have developed policies to