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.Management Sciences
Category: Balance of Payments, Aid and Foreign Investment
Columbia’s Jagdish Bhagwati criticizes United States administrations inability to distinguish between benefits of free trade ?
A. and the dangers of free capital movements for LDCs with poorly developed financial institutions
B. and the dangers of a trade deficit
C. and the external openness of income growth among the poorest 40 percent of LDCs
D. and MNC domination and its effects on income distribution
Hollis Chenery and Alan Strout identity three development stages in which growth proceeds at the highest rate permitted by the most limiting factors These factors are ?
I- the skill limit
II- the savings gap
III- the fiscal gap
IV- the foreign exchange gap
A. I and II only
B. II and IV only
C. I, II and III only
D. I, II and IV only
The IMF is an agency charged with providing ?
A. technical assistance to stock market and financial market problems
B. loans for post-World War II reconstruction
C. short-term credit for international balance of payments deficits
D. bonds denominated in U.S dollars as a loan to LDCs
Some economists and third-world policy makers criticize MNCs arguing that they have a negative effect on the developing country because they ?
I- increasing the LDC’s technological dependence on foreign sources resulting in less technological innovation by local workers
II- Hamper local entrepreneurship and investment in infant industries
III- increase unemployment rates from unsuitable technology
IV- Restrict subsidiary exports when they undercut the market of the parent company
A. I and II only
B. III and IV only
C. I, II and III only
D. I, II, III and IV
For Harvard’s Dani Rodrik Globalization involves ?
A. decreasing autonomy of the nation-state involves
B. the increasing international integration of markets for goods services and capital
C. changes of a traditional culture of a country to a western culture
D. giving aid to poor countries to improve their economy politics and social status
Japan’s programs ?
I- are understaffed politically muddled and administratively complex
II- are biased toward Asia
III- go primarily to less developed countries in Africa
IV- focus on loans and the grant element of aid is low
A. I, II and III
B. I, II and IV
C. II, III and IV
D. I, II, III and IV
U.S total official development assistance to developing countries is ?
A. lowest among the OECD countries
B. higher currently than it was in the 1960s and 1970s
C. is equivalent to Holland’s aid
D. None of the above statements is true
Aid or official development assistance (ODA) includes ?
I- developments grants
II- loans with at least 25 percent grant element
III- military assistance
IV- technical cooperation
A. I and II only
B. I, II and III only
C. I, II and IV only
D. I, II, III and IV only
The balance on current account ?
I- equals the absolute value of the balance on capital account
II- is financed by savings
III- is net grants minus remittances
IV- includes goods services and unilateral transfers
A. I and II only
B. II and III only
C. I and IV only
D. None of the above
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