Podcast
Questions and Answers
What economic ideology emerged as a challenge to Keynesian ideas in the 1980s?
What economic ideology emerged as a challenge to Keynesian ideas in the 1980s?
- Mercantilism
- Socialism
- Neoliberalism (correct)
- Protectionism
Which organizations embraced neoliberal policies under the Washington Consensus?
Which organizations embraced neoliberal policies under the Washington Consensus?
- International Labor Organization
- World Trade Organization (correct)
- World Health Organization
- United Nations
What characterizes economic relations between developed and developing countries, according to the text?
What characterizes economic relations between developed and developing countries, according to the text?
- Uneven trade imbalances (correct)
- Protectionist policies from developing countries
- Equal trade imbalances
- High government spending by developing nations
What do critics label the new form of economic thinking that emerged in the 1980s?
What do critics label the new form of economic thinking that emerged in the 1980s?
Which organization was founded in 1995 to continue tariff reduction under the GATT?
Which organization was founded in 1995 to continue tariff reduction under the GATT?
What is the main emphasis of the Washington Consensus policies?
What is the main emphasis of the Washington Consensus policies?
'Economic globalization remains an uneven process.' What does this mean in the context of the text?
'Economic globalization remains an uneven process.' What does this mean in the context of the text?
'Developed countries are often protectionists.' What does 'protectionist' mean in this context?
'Developed countries are often protectionists.' What does 'protectionist' mean in this context?
'Trade imbalances characterize economic relations between developed and developing countries.' What does 'trade imbalance' mean?
'Trade imbalances characterize economic relations between developed and developing countries.' What does 'trade imbalance' mean?
'Some countries, corporations, and individuals benefit a lot more than others from economic globalization.' Why is this statement made?
'Some countries, corporations, and individuals benefit a lot more than others from economic globalization.' Why is this statement made?
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