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The group of private creditors that meets periodically to discuss the international debt situation and renegotiation is the __________.

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What is the relationship between the form of a state's government and economic development?


A) Authoritarianism is necessary for economic development to take place.
B) Authoritarianism leads to political stability,which in turn encourages foreign investment.
C) Democracy has not accompanied economic development in a systematic or general way.
D) States that begin industrializing under authoritarianism but shift to democracy suffer economic decline.

E) A) and B)
F) None of the above

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Brazil is an example of a development model worthy of emulation because it has __________.


A) reined in spending,restricted inflation,and cut inequality
B) been selected to host the 2018 soccer World Cup
C) underspent on social programs to the detriment of its financial position
D) expanded its entertainment industry,invested in fisheries,and kept inflation stable

E) A) and C)
F) All of the above

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Loans provided to states in the global South that are conditional on economic and governmental reforms are the type made by the IMF.

A) True
B) False

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Among the most corrupt countries in the world in 2014,according to Transparency International,were __________.


A) Nigeria and Indonesia
B) Sudan and Somalia
C) Brazil and Chile
D) Pakistan and India

E) A) and B)
F) All of the above

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Growth in the global South was strong after the 2008-2009 recession but has recently slowed.

A) True
B) False

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The theory that an authoritarian government is required to keep control as __________ is concentrated in industrialization has not been borne out by actual experience.

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__________ is a newly industrialized country that has focus primarily on trade.


A) Singapore
B) South Korea
C) Malaysia
D) Taiwan

E) A) and C)
F) A) and B)

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Import substitution has largely been replaced by __________ growth.

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How is South Korea an example of the "four tigers"?


A) It creates enough capital accumulation to raise income levels across the population broadly.
B) It has a fairly stable state industrial policy,specializing in timber and mining.
C) It creates enough capital accumulation to raise the income levels of the nation's elite.
D) It creates enough industry to raise the expectations of the population broadly.

E) A) and C)
F) B) and C)

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The leading success story in economic development is China.

A) True
B) False

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Which Asian country has committed itself to economic reforms such as selling state-owned industries but was thrown into a severe economic crisis by the collapse of the Soviet Union?


A) Indonesia
B) Thailand
C) India
D) Bangladesh

E) None of the above
F) A) and B)

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Absorptive capacity is the ability of a country to put __________ to productive use.

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What is the main idea behind a joint venture?


A) co-ownership of a company by two local entities
B) ownership of a company by both a foreign entity and a local entity
C) joint ownership of a company by two foreign entities
D) ownership of a land property by two local entities

E) A) and B)
F) B) and C)

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Who was the Chinese leader responsible for instituting the economic reforms that have taken place there since the mid-1970s?


A) Mao Zedong
B) Jiang Zemin
C) Kim Il-Sung
D) Deng Xiaoping

E) All of the above
F) A) and B)

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Examples of small countries with large oil exports in the Middle East that have done well economically,but whose experience is not one that states in the global South without oil can follow,are __________.


A) Turkey,Iran,and Kuwait
B) Iraq,Egypt,and Saudi Arabia
C) Bahrain,Kuwait,and the United Arab Emirates
D) Jordan,Bahrain,and Syria

E) None of the above
F) B) and D)

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How does the income level and growth rate of Ethiopia compare with that of Iran?


A) Both Ethiopia's and Iran's growth rates have declined as their income levels have declined.
B) Ethiopia's growth rate has risen as its income level has declined,while Iran's growth rate has risen as its income level has risen.
C) Both Ethiopia's and Iran's growth rates have declined as their income levels have risen.
D) Ethiopia's growth rate has risen as its income level has declined,while Iran's growth rate has declined as its income level has risen.

E) None of the above
F) B) and C)

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Private capital flows to the global South were approximately what amount in 2014?


A) $10 billion
B) $200 billion
C) $700 billion
D) $2 trillion

E) All of the above
F) None of the above

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Conditionality is the controversial practice of __________ by which domestic economic reforms are required of countries agreeing to new loans.


A) the G8
B) the IMF
C) the World Bank
D) UNICEF

E) B) and D)
F) B) and C)

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Antigovernment protests in China by students,workers,and some government officials took place in __________.


A) Tiananmen Square in 1989
B) Tiananmen Square in 1992
C) Shenzhen in 1989
D) Shenzhen in 1992

E) All of the above
F) None of the above

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