Book Notes for Ch. 26 ec

Economics 251h with Fisher at Michigan State University

About this deck

By: Kristine Osentoski
Textbook:

Microeconomics (7th Edition)
Created: 2009-02-18
Size: 40 flashcards
Views: 5

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the fult between richa nd poor countries
(3 answers)

differences in GNY
differences in mrotality and health
other differences

structural reform in developing countries
(2 answers)

IMF policy recommendations
interventionist solutions

measuring development
(3 answers)

basic needs approach
using GNY statistics
the human development index

primary outward looking strategy
(4 answers)

importance of primary exports
justification for exporting primaries
weakness of traditional trad etheoy
problems for primary exporters

effects of the second oil shock 1979 - 84
(3 answers)

deep world recession
decline in commodity prices
high interest rates

trade strategies
(3 answers)

primary outward looking strategy
secondary inward lookign strategy
secondary outward looking strategy

Ch. 26
(4 answers)

the problem of underdevelopment
international trade and development
structural problems in developign countries
the problem of debt

vent surplus
(1 answer)

engine for grwoth

differences between developing countries
(5 answers)

resoruces and climate
infrastructure
cultural and social factors
degree of industrialization
relations with developed world

logn term
(2 answers)

slow growth in exports
rapid growth in imports

comparative advantages
(1 answer)

Heckscher - Ohlin

using GNY statistics
(2 answers)

advantages of this approach
disadvantages of this approach

the problem of underdevelopment
(3 answers)

the fult between richa nd poor countries
differences between developing countries
measuring development

debt forgiveness
(2 answers)

the HIPC initiative
subsequent events

import substituting industrilziation
(1 answer)

adverse effects

the neglect of agriculture
(3 answers)

problems of urban bias
policies to promote agriculture
problems with these policies

problems for primary exporters
(2 answers)

logn term
short terms

adverse effects
(7 answers)

against comparative advantage
cushions inefficiency
urban bias
damages exports
wide variations in effective protecti
nsocial / cultural problems
environemtnal costs

secondary outward looking strategy
(1 answer)

exporting manufactures

role of international trade in economic development
(2 answers)

importance of trade
trade strategies

import subsitutting industrialization
(2 answers)

the process of ISI
justification

import substituting industrilization
(1 answer)

short terms
(1 answer)

price and output fluctuations

inappropriate technology
(3 answers)

cpaital intensity baises
arguments for capital intensive technolpogy
arguments for labor intensive technology

the effects of the debt problem on developing countries
(2 answers)

effects on growth
effects on poverty

benefits
(6 answers)

conforms more closely to comaprative advantage
economeis fo scale
increasec competition
increased investment
more employment
more equal dsitribution of income

rescheduling
(2 answers)

resecheduling official loans
rescheduling commercial loans

justification
(3 answers)

problems of priamry outward looking policies
greater dynamic potential with industrial production
infant industries

drawbacks
(3 answers)

problems fo fair access to markets abroad
competing with other developing countries
vulnerability to speculative attack

structural problems in developign countries
(4 answers)

the neglect of agriculture
inappropriate technology
unemployment
inflation

coping with debt crises
(1 answer)

rescheduling

exporting manufactures
(3 answers)

transition from inward to ouward lookign industrialization
benefits
drawbacks

dealing with debt
(4 answers)

structural reform in developing countries
debt swaps
debt forgiveness
should all debt be cancelled and aid increased ?

justification for exporting primaries
(2 answers)

comparative advantages
vent surplus

international trade and development
(5 answers)

role of international trade in economic development
primary outward looking strategy
import subsitutting industrialization
import substituting industrilziation
exporting manufactures

unemployment
(4 answers)

rapid populatin growth
cpaital intensity bias
rural urgan migration
external influences

secondary inward lookign strategy
(1 answer)

import substituting industrilization

the problem of debt
(6 answers)

effectso f the first oil shock 1971 - 78
effects of the second oil shock 1979 - 84
effects of recessions in earlyu 199s and ealry 2000s
the effects of the debt problem on developing countries
coping with debt crises
dealing with debt

inflation
(3 answers)

problems of hyper inflation
monetarist explanations
strucurlaist explanations

basic needs approach
(2 answers)

advantages of this appraoch
disadvantages of thsi approach

About this deck

By: Kristine Osentoski
Textbook:

Microeconomics (7th Edition)
Created: 2009-02-18
Size: 40 flashcards
Views: 5

About StudyBlue

“I have used this website for three exams, and I see a huge difference in my test results.”
Naj