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Distinguish between an ITLC and an ITCC. What is required for an economy to have an ITCC?
What role does government policy play in creating these conditions and in augmenting an economy's initial endowments that might make technological acquisition.
Why would you expect to find per capita income differences among nations persisting over time? Why, or why not?
Can you find evidence of pro-poor growth in a nation undertaking a PRSP, or in any other nation? If so, what conditions were necessary to produce this outcome?
Find an NGO involved with aid on the web. To what degree do the policies and programs of this NGO conform to the material presented?
Why are small northern European nations the largest aid contributors with the highest ratings in terms of the quality of their aid programs?
Evaluate nation's PRSP in terms of the critique offered by those who are convinced that the PRSP is an inadequate strategy for the development of poor nations.
How might a structural adjustment loan lead to new burdens being placed upon the environment of the nation?
Based on your reading of this chapter, identify five major public misconceptions regarding foreign aid.
How will you attempt to bargain with the IMF in order that your nation is adequately represented?
What are some of the opportunity costs countries might face when repaying external debt, particularly when debt was accumulated for the wrong reasons?
Indonesia's total imports last year were $45.13 billion and its exports were $46.67 billion. From this data, calculate Indonesia's debt service ratio.
What effect does a deterioration in a country's terms of trade have on its ability to service its external debt obligations?
What are two or three bad reasons for incurring external debt other than those listed in the chapter?
Why do countries incur external debt? For what purposes can the accumulation of external debt be justified?
What are the potential benefits to a country's balance of payments from having an undervalued exchange rate?
What are the risks to a country's balance of payment from having an over-valued exchange rate?
What situations might cause a currency to depreciate in value? To appreciate in value? To be devalued? To be revalued?
Which term should be used - appreciation or revaluation - in referring to rising exchange rate value when there is a fixed exchange rate?
What new nominal exchange rate will maintain the real exchange rate value of the two currencies constant?
What economic incentives might countries provide to encourage the return of flight capital money and why should they do so?
How countries might achieve it, and why shared growth might be expected to contribute to a more rapid pace of economic development.
What obstacles might be expected to be encountered in overhauling the existing civil service system in countries where corruption seems endemic?
How were the East Asian economies able to avoid unproductive rent-seeking by industrialists. What role do contests play in reducing unproductive rents? Explain.
What other benefits are there to easy export substitution compared to premature difficult ISI as a stage of industrialization to follow after easy ISI?