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
In the 1970s most of the global South prospered in regards to economic development, but in the 1980s most of that region suffered a decrease in per capita __________.
A) distribution
B) poverty
C) GDP
D) IMF
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.
In China, Mao Zedong implemented an economic policy where the state controlled all economic activity. This type of economic policy is an example of __________.
A) laissez faire
B) capitalism
C) central planning
D) mercantilism
How were China's southern coastal provinces, under Deng Xiaoping, examples of free economic zones? The areas __________.
A) became open to foreign investment and run on capitalist principles
B) played host to peasants who worked collective farms
C) became more dependent on local investment
D) became open to foreign investment, but were still run on closed-market principles
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