Question 1

Can democracy help solve some of the problems of less-developed and newly industrializing countries, or will democracy make the situation worse?

Accepted Answer

The answer of Can democracy help solve some of the...

Question 2

One notable aspect of informal economies is the role played by:
A)high technology.
B)the elderly.
C)women.
D)religious leaders.
E)elected officials.

Accepted Answer

Women often play a significant role in informal economies, particularly in developing countries where they may not have access to formal employment opportunities. In some cases, they may operate small businesses from home or engage in informal street vending to support themselves and their families.

Question 3

Policies of liberalization often promoted by the International Monetary Fund are known as:
A)bureaucratic transformation.
B)structural adjustment.
C)monetary adaptation.
D)economic modification.
E)resource adjustment.

Accepted Answer

The policies of liberalization promoted by the International Monetary Fund are known as structural adjustment programs (SAPs). These programs aim to promote economic growth and stability by implementing market-oriented reforms, such as privatization of state-owned enterprises and reduction of trade barriers.

Question 4

Organizations outside of the state that are often seen as critical to democracy and political stability are known as:
A)public goods.
B)civil society.
C)free riders.
D)social circles.
E)national blocks.

Accepted Answer

Organizations outside of the state that are often seen as critical to democracy and political stability are known as civil society. These groups include non-governmental organizations (NGOs), advocacy groups, professional associations, and citizen groups that operate independently of the government but play an important role in shaping public policy, monitoring government actions, and representing the interests of citizens. Civil society is seen as a key component of a healthy democracy, as it provides a voice for citizens and serves as a check on the power of the state.

Question 5

What responsibility does the rest of the world have in solving the domestic problems of the less-industrialized countries? Is this just imperialism in another guise?

Accepted Answer

The answer of What responsibility does the rest of the...

Question 6

One recent innovation to help alleviate poverty in poorer countries is the use of what is known as:
A)macrofinance.
B)microcredit.
C)mesofunding.
D)structural loans.
E)flexible funding.

Accepted Answer

Microcredit refers to the provision of small loans to individuals or groups who are usually excluded from traditional banking services, particularly those in poverty-stricken areas. This allows them to start their own business or invest in existing ones, thereby increasing their income and reducing poverty.

Question 7

One proposed solution to the problem of weak states is known as:
A)imported capacity.
B)shared sovereignty.
C)joint capacity.
D)state subsidy.
E)global federalism.

Accepted Answer

Shared sovereignty involves external actors sharing authority with national governments to strengthen state capacity and governance.

Question 8

Are all of the problems of less-developed countries the result of imperialism, either indirectly or directly? What other factors should be considered?

Accepted Answer

The answer of Are all of the problems of less-developed...

Question 9

Which is the better place to begin improving less-developed countries-focusing on infrastructure and living standards or focusing on good governance?

Accepted Answer

The answer of Which is the better place to begin...

Question 10

Scholars of property rights in less-developed countries speak of "dead capital," by which they mean that:
A)property rights are weak.
B)all property is held by the state.
C)all property is held by rich countries.
D)property rights are too strongly protected.
E)property remains deeded to individuals who have passed away.

Accepted Answer

Scholars of property rights in less-developed countries use the term "dead capital" to refer to property that is not being used productively or generating income because of weak or insecure property rights. This includes situations where property cannot be easily bought, sold, or developed due to uncertainty or disputes about ownership.

Question 11

The untaxed and unregulated sector of the economy is known as the _________ economy.
A)informal
B)unrestricted
C)subordinate
D)private
E)blue

Accepted Answer

The informal economy refers to economic activities that are not taxed or regulated by the government. It includes activities such as street vending, domestic work, and unregistered businesses.

Question 12

One of the problems with external attempts to reform less-developed states has been:
A)the requirement to disband their armed forces.
B)a failure to think about the role of political institutions.
C)an overemphasis on cultural differences.
D)the use of loans with high interest rates.
E)soil erosion.

Accepted Answer

The failure to consider the role of political institutions has been a significant problem in attempts to reform less-developed states. Many external reform efforts have focused on economics or cultural differences while not addressing the need for strong and functioning political institutions. Without effective political institutions, economic and social reforms are unlikely to succeed.

Question 13

One of the criticisms made of microfinance or microcredit is that:
A)the loans are too big.
B)the loans do not help grow businesses that can hire employees.
C)the loans are rarely repaid.
D)the international community is not involved in making these investments.
E)the loans are not made to people, only firms.

Accepted Answer

The criticism that microcredit or microfinance loans do not help grow businesses that can hire employees is a common one. The loans are often given to individuals for personal use, such as buying supplies for a small business, rather than directly to the business itself. While this can help individuals improve their financial situation, it does not necessarily contribute to overall economic growth or job creation.

Question 14

Why have less-developed countries had such difficulty in building effective states? Why have newly industrializing countries been more successful in this regard?

Accepted Answer

The answer of Why have less-developed countries had such difficulty...

Quiz 10: Less-Developed and Newly Industrializing Countries

Can democracy help solve some of the problems of less-developed and newly industrializing countries, or will democracy make the situation worse?

One notable aspect of informal economies is the role played by:

Policies of liberalization often promoted by the International Monetary Fund are known as:

Organizations outside of the state that are often seen as critical to democracy and political stability are known as:

What responsibility does the rest of the world have in solving the domestic problems of the less-industrialized countries? Is this just imperialism in another guise?

One recent innovation to help alleviate poverty in poorer countries is the use of what is known as:

One proposed solution to the problem of weak states is known as:

Are all of the problems of less-developed countries the result of imperialism, either indirectly or directly? What other factors should be considered?

Which is the better place to begin improving less-developed countries-focusing on infrastructure and living standards or focusing on good governance?

Scholars of property rights in less-developed countries speak of "dead capital," by which they mean that:

The untaxed and unregulated sector of the economy is known as the _________ economy.

One of the problems with external attempts to reform less-developed states has been:

One of the criticisms made of microfinance or microcredit is that:

Why have less-developed countries had such difficulty in building effective states? Why have newly industrializing countries been more successful in this regard?