Question 1

"Dutch Disease" explanations for lack of growth and development account for the quality of resource-rich countries' institutions.

Accepted Answer

"Dutch Disease" primarily refers to the negative consequences on an economy resulting from a boom in natural resources, focusing on the impact on manufacturing and other sectors due to currency appreciation and increased reliance on the resource sector, rather than directly addressing the quality of institutions.

Question 2

The East Asian miracle describes the rise of the newly industrialized countries in Asia in the 1980s and 1990s.

Accepted Answer

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Question 3

Because of the emphasis on protecting private property, an impartial judiciary, low corruption, and government transparency, good governance is equated with democratic governance.

Accepted Answer

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Question 4

Availability of and access to financial support for LDCs from the IMF is dependent on the conditionality of that support.

Accepted Answer

The International Monetary Fund (IMF) often requires countries, including Least Developed Countries (LDCs), to meet certain conditions or implement specific economic policies in order to access financial support. This is known as conditionality.

Question 5

Official development assistance can be granted directly to a receiving country via foreign embassies.

Accepted Answer

Official development assistance (ODA) can indeed be granted directly to a receiving country through various channels, including foreign embassies, which act as representatives of the donor country and facilitate the provision of aid.

Question 6

Discuss the competing explanations for why some countries are poor--and remain so. Illustrated with real-world examples, contrast the explanations and form an argument as to which approach makes the strongest case.

Accepted Answer

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Question 7

Solutions for LDCs and their citizens to emerge from poverty abound, both in theory and in practice. Explain the various theories and approaches, and make an argument as to which one provides the most promising road map to development. Use real-world examples to illustrate your claims.

Accepted Answer

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Question 8

What constitutes foreign aid, and how is it granted? Discuss the different types and approaches on foreign aid, and assess their merits according to their conditions and how they are distributed.

Accepted Answer

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Question 9

Does the use of official development assistance (ODA) actually make a difference in terms of the wealth of places and the welfare of people? If so, does ODA have a positive impact or a negative one? Consider arguments for and against the use of ODA, and pick a side, providing evidence for your claim.

Accepted Answer

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Question 10

In recent years, approaches to tackling the challenges of poverty have gone beyond the traditional macro-level view of global economics. In light of traditional concepts and approaches to foreign aid, discuss recent innovations in the study of poverty and methods of alleviation, potential obstacles and trade-offs, and make an argument as to which approach holds the most promise.

Accepted Answer

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Quiz 9: Development: The Challenge of Global Poverty