Economic Problems of Developing Countries

A. an agreement with the World Bank to turn some of a debt into other forms
B. a change in debt repayment due to inability to pay
C. regular payments of interest and repayments of capital
D. a program of austerity measures agreed with the IMF to make repayment possible

A. The colonial period
B. The early 1950s
C. most debt was incurred during the oil shocks of the 1970s
D. the early 1960s

A. modern sector and traditional sector
B. town and country
C. men and women
D. rich people and poor people

A. encourages mechanization
B. allows the farmers to set the prices for their agricultural products
C. enables farmers to escape the problem of diminishing return
D. makes farmers owners of the land instead of tenants and owners’ farmers are more productive than tenant farmers

A. shortages of inputs including land
B. an over-investment in farm equipment
C. migration from rural areas to urban areas
D. a lack of effective demand for food products

A. stress agricultural development over industrial development
B. promote industrial development over agriculture
C. use a balanced strategy that promotes both agricultural and industrial development
D. stress the importation of agricultural products and the export of manufactured goods

A. the vicious circle of poverty hypothesis
B. the dependency theory
C. neo-colonialism
D. the under-consumptionist hypothesis

A. export promotion
B. industrial promotion
C. import substitution
D. unbalanced growth

A. 40%
B. 10%
C. 20%
D. 30%

A. the newly industrialized countries like Korea, Taiwan Malaysia
B. The republics of the former Soviet Union
C. Countries that still have a communist government like China and Cuba
D. countries that have fallen far behind the economic advances of the rest of the world