Flashcard Set Preview
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| 1 |
Accoridng to Arndt, who are on the left and who are on the right?
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Left: Rebisch, Marx, Barron, Furtado
Right: Ghandi, Boeke, Khomeni, Viner
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| 2 |
Accoridng to Arndt, what do the left think of economic development?
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Economic growth is the answer to everything.
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| 3 |
Accoridng to Arndt, what do the right think of economic development?
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talk about economics is only harmful as accumulating wealth is a selfish. Religious leaders...
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| 4 |
Who is the following quote by, and who quoted him/her?
"Western values are being pushed upon...
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Khomeni said it and it was quoted by Arndt.
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| 5 |
Who believes that citizens and governments should refrain from excessive consumption today...
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Smith believes this and he was quoted by Romer.
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| 6 |
Who believes that the classical fear of excessive consumption is misplaced? Who quoted him/her?
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(John Meynard) Keynes believes this and he was quoted by Romer.
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| 7 |
Who created the idea of creative destuction? Which author made us aware of this?
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Joseph Schumpter came up with the idea.
Romer made us aware of this.
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| 8 |
Which article stated that the principle goal for development policy is to create sustainable...
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The World Bank
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| 9 |
Which article stated that governments play a vital role in development but that there are no...
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The World Bank
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| 10 |
According to the World Bank, the 50's and 60's models drew attention too...
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constraints imposed by limited capital accumulation, and the inefficiency of resouce allocation....
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| 11 |
According to the World Bank, the late 60's drew the attention of policy makers too...
and...
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shift the emphasis to human capital and is often measured in terms of school enrollment and...
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| 12 |
According to the World Bank the 1980's held a change in...
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the intellectual climate, confidence in government planning as a solution diminished drastically....
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| 13 |
Why is it hard to knwo which development policies to discard and which to keep?
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Becuase their applicability of the policies not only varies from country to country but from...
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| 14 |
Which 2 schools of thought about relative performance of Europe and Asia were brought up in...
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1. Adam Smith : price of labour. Landes: Europe was already rich before industrialization,...
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| 15 |
According to Rodrik et al, what are the 3 reasons for the vast difference between the worlds...
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1. Geography
2. role of international Trade as a driver of productivity change
3. Institutions
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| 16 |
According to Rodrik et al, what do the 3 reasons for the vast difference between the worlds...
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They determine economic growth and factors that in turn determine which societies will innovate...
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| 17 |
What does Baumol mean when he brings up the Magnitude of the Accomplishment?
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He means how the world has accomlished it's productivity growth through time - for example...
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| 18 |
The convergence of national productivity levels was brought up by which author?
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Baumol
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| 19 |
Convergence is the relationship...
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between different countries, but also between groups within a country.
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| 20 |
Do all countries show convergence?
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No. Poorer countries show no convergence among themselves, much less with other groups - they...
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| 21 |
Who has the perspective that the cause of underdevelopment is that great colonial powers became...
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Frank.
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| 22 |
What does Frank think 'dual societies'?
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He believes that a 'dual society' is false and makes underdevelopment worse.
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| 23 |
Who are Metropolis-satellite? Where do they stand? Who addressed this in their article?
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Frank addressed this. Metropolis states (developed countries) tend to develop and satellites...
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| 24 |
Who believes that underdevelopment is a state of mind?
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Harrison
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| 25 |
Harrison belives that is people realize their creativity they will...
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progress faster.
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| 26 |
Who stated that development is the productive dimension of human existance and embraces the...
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Harrison
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| 27 |
Who is responsible for the progress of the following sectors? :
Health, education, and welfare
Who...
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The government. And Harrison.
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| 28 |
Who states that society encourages the expression of human creative capacity? What are the...
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Harrison.
1.
Through creation of an environment in which people expect and receive...
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| 29 |
What are the 3 things that Harrison finds cruicial to development?
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1. the world view's time focus – past, present, or future
2. the extent to which the world...
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