What is defined as "The contemporary adoption of the free market doctrines associated with the classical 'liberal' economist of the eighteenth and nineteenth centuries"?
Neo-Liberalism
100
Which model is not replicable elsewhere?
East Asian model
100
According to this myth, who is untrustworthy?
Politicians and Government employees
100
Whose car is Jack driving?
His wife's
200
What was the economic crisis of the 1980's in the developing world a direct result of?
Interventionism: huge budget deficits, international debts, rapid inflation
200
What sparked the neoliberal "revolution"?
The failure of interventionist policies
200
Which model have countries struggled to install?
Anglo-American model
200
What type of countries is the failure of the public sector most severe and consequential?
Developing countries
200
How many hubcaps did Jack lose on his last car?
4
300
How have countries pursued trade liberalization?
Through the General Agreement on Trade and Tariffs (GATT) and World Trade Organization (WTO)
300
What do Chang and Grabel think is the primary driving force behind globalization?
Political decisions
300
Which model is believed to be universally applicable?
Anglo-American model
300
What caused people to begin to see politicians and government officials as "self-interested"?
Neoliberal Intellectual Revolution
300
How does Jack describe the color of his new car?
Fungus
400
Which two countries are the most free-trade missionaries in the world today?
USA and Britain
400
Why do American's believe that the American neoliberalism model of capitalism is better than all developing countries?
Wishful thinking
400
Which model generated increases in the rate of economic growth and improvements in living standards
East Asian model
400
What is the chief problem with the public sector?
It lacks institutional incentives to ensure that the self-interested behaviour of officials serves the broader social good.
400
How many times has Jack emailed us this semester?
21
500
When did industrialized countries return to free-trade policies?
End of World War II
500
Name one country that the neoliberal reform that they were going through during the past 2 decades had no effect on their economic performance?
New Zealand or The UK
500
During the late nineteenth and early twentieth centuries the fastest growing economies in the world had what?
Abundant natural resources
500
What were politicians and government employees commonly referred to as?