To break out of their dependent status, countries within the Global South have pursued various industrialization strategies. Import-substitution industrialization and export-led industrialization are two of the most common strategies. What are the differences between these two strategies? Which has been more successful? Why?
What will be an ideal response?
In attempting to explain the persistent underdevelopment of the Global South, some theorists direct attention primarily toward what happens within these countries whereas others focus on the position of developing countries in the world political economy. Compare the modernization and dependency theories on the causes of the economic gap between rich and poor countries. Which one do you find more convincing? Why?
What will be an ideal response?
Common goals for foreign aid include which of the following?
a. Environmental protection
b. Reduced military spending
c. Increased power for women
d. All of these are common goals.
_______________ is a cross-border investment through which a person or corporation based in one country purchases or constructs an asset such as a factory or bank in another country so that a long-term relationship and control of an enterprise by nonresidents results.
a. Foreign direct investment
b. Multinational corporation
c. Economic corruption
d. Foreign aid
Remittances constitute more than double the global total dollars in
a. G-77 aid.
b. foreign aid.
c. foreign direct investment.
d. externalities.
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