Development Theories
This theory believes that development is unidirectional, inevitable and desirable. Focuses on economic growth.
Modernization Theory
Name an institution that may be driven by humanitarian impulses to provide foreign aid
Religious Org
Philanthropic Org
NGO
Another name for neoliberal policies is the
"_____ Consensus"
What does FDI stand for?
Foreign Direct Investment
HDI (Human Development Index)
This theory views the world as Core vs Periphery or Metropolis v Satellite
Dependency Theory
These examples are indicative of what view on foreign aid?
statecraft, loans and grants as “quid pro quo”, technical assistance, military aid, technology transfer
Realpolitik, Realism, Exchange Theory
also acceptable :"hard school"
In 1995 this organization that evolved from the GATT was founded.
World Trade Organization (WTO)
Name a motivation for corporations to participate in FDI
market (buyers)
resources (land, labor, capital, natural resources)
efficiency(increased productivity/profit margin)
strategic assets (technology, networks, partnerships)
Easterly's has a negative view of this practice, saying its a "one sided solution".
Developmentalism
This theory calls for a global worker's movement
World-Systems Theory
Undermines local agriculture
Focus on emergency relief over long-term stability
Uneven distribution
World Bank & IMF (International Monetary Fund)
Give a negative effect associated with FDI
Financial volatility
Inequality
Poor labor conditions
Environmental Degradation
Export Processing Zones
This theorist believes that market forces alone cannot solve extreme poverty worldwide.
Sachs
Name for the kind of stratification described in World Systems Theory
(Hint: how many categories of stratification are there?)
Trimodal
In "China in Africa" the author mentions three "periods" of influence
They are:
Episodic, Symbolic , and ____ ?
Symbiotic
(Characterized by modernization, respect, non-interference)
Give a critique of Bretton Woods Insitutions
"cookie cutter" approach
environmental degradation
social disruption
cost of servicing loans can exceed social expenditure or amount loaned
defaulting on loans lead countries to take out more loans which are also conditional
The largest source of foreign loans until the 1980s were ____.
Commercial Loans
This theories believes that market forces have had a significant impact on poverty reduction.
Bhalla
The last stage in Rostow's Five Stages of Growth
Bonus: What theory is it tied to?
High Mass Consumption
Bonus: Modernization Theory
Name all three sectors involved in political, economic and social activity & change
Public
Private
Citizen
The global trade round also known as the "Development Round" was the ____.
Doha Round
What region of the world did the most US-based FDI go to?
Europe
This theorist was a former Chief Economist at the World Bank.
Stiglitz