Hans Singer and Raul Prebisch observed that __________________.
A) developing countries usually exported agricultural and mineral commodities while importing manufactured goods
B) developing countries usually exported manufacturing goods and exploited other developing countries for agricultural and mineral commodities
C) developing countries exported finished manufactured goods to developed countries
D) industrialization in developing countries could achieve large profits in its early stages
E) developing countries should reinvest profits from industrialization in technology adaptation and innovation to make economic development self-sustaining
Correct Answer:
Verified
Q18: Modernization theorists such as Talcott Parsons believed
Q19: During the traditional stage of development, Western
Q20: Paul Rosenstein-Rodan argued for "big push" projects
Q21: Albert Hirschman's concept of "linkages" was the
Q22: Arthur Lewis's theory of surplus labour was
Q24: Hans Singer and Raul Prebisch showed that
Q25: As incomes rise, people allocate a growing
Q26: Sometimes developing countries that export simple commodities
Q27: When commodity exports suffer from highly variable
Q28: The premise of import substitution industrialization (ISI)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents