Question 1

Describe and critically examine the activities of multinational corporations (MNCs) in the Third World. Why are MNCs so controversial? How can they help Third World countries? How can they harm them?

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Question 2

What are the main demands of the New International Economic Order (NIEO)? How did NIEO come about? How successful has it been?

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Question 3

What is sustainable development? Is it more than a slogan? How difficult do you think it is to achieve the suggested trade-offs?

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Question 4

Define the concept terms of trade and provide a hypothetical example, using a capital-rich and a capital-poor country.

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Question 5

Explain the dependency perspective on Third World poverty. What is to be done to remedy the situation?

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Question 6

How does the international community reassure investors who fear the takeover of their assets by nationalization, expropriation, or other political and economic risks in some countries? Why are such assurances necessary for sustaining economic development?

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Question 7

Explain the concept of transfer pricing. Why might multinational corporations resort to such tactics and how might governments keep this from happening?

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Question 8

What are the three factors of production that combine to produce the goods and services, thus contributing to economic output? What are their relative importance and availability for further use in production efforts?

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Question 9

Compare, contrast and assess the dependency, Marxist, and capitalist world-system perspectives on Third World poverty.

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Quiz 13: The Political Economy of Investment and Sustainable Development