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Income inequality between countries has declined slightly, due almost entirely to the rapid economic growth in


A) Saudi Arabia and Kuwait
B) the European Union
C) China and India
D) Mexico and Brazil

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World systems theory sees the world economic system as divided into


A) the free world and the communist world
B) the East, the Middle East, and the West
C) modern, modernizing, and traditionalist states
D) a core, semiperiphery, and periphery

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Neoliberalism is an economic approach that emphasizes the benefits of


A) free markets and free trade
B) free healthcare
C) universal free education
D) free democratic elections

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One problem with free-market economies is


A) they are not very productive
B) there are not enough industrial products to fill growing markets
C) they only reward countries with great natural resources
D) they tend to produce great inequalities

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How has globalization changed economies and the lives of workers? Is it likely to lead to greater poverty or greater prosperity? What factors support your point of view?

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Students' answers could include a discus...

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Dependency theorists contend that poor nations suffer from


A) economic backwardness
B) a lack of Western technology
C) isolation from the world economy
D) economic distortions

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Global export markets led to the rapid economic growth of


A) Nicaragua, El Salvador, Honduras and Guatemala
B) Hong Kong, Singapore, South Korea and Taiwan
C) Egypt, Sudan, Libya, and Tunisia
D) Albania, Romania, Bulgaria, and Slovakia

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A problem for free-market systems is that they tend to operate best in conditions of relative equality but tend to produce great economic inequality.

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The most unequal advanced industrial country in the world is


A) Japan
B) Great Britain
C) the United States
D) Italy

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Neoliberal economists emphasize free markets and private enterprise rather than government programs as best for economic growth.

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According to dependency theorists, for developing nations, multinational corporations are a major source of


A) diffusion and innovation
B) distortion and exploitation
C) jobs for unemployed men
D) much-needed modern technology

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What are the advantages and disadvantages of the international division of labor and of global markets?

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Positive results might include greater e...

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In the United Nations' measure of human development, the country that is consistently number one with the best human development is the United States.

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Modernization theorists contended that developing countries needed what three key aspects of modernity?

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Modern attitudes, mo...

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World systems theorists contend the world economic system can be divided into what three types of countries?

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Core, semi...

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Dependency theorists contend that global capitalism has brought what three negative consequences to dependent nations?

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Exploitati...

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