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International dependency theory distinguishes between two groups of countries known as:
A. rich-poor
B. developed-developing
C. center-periphery
D. independent-dependent.

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Yusra Anees
Yusra AneesLv10
16 Oct 2020

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Related questions

Two students, Ryan Wattenberg and Emma Bennett, are discussing the idea of convergence over coffee. Ryan considers convergence to be true in theory but impractical in the real world. He claims that most low-income developing countries are stuck in a cycle of poverty and so cannot catch up with developed countries. With increased globalization, Emma feels that the developing countries are growing and will converge with higher-income countries eventually. Zoey Smith, a friend of theirs, however thinks that the evidence on convergence is rather unclear. Despite the fact that developing countries are growing much faster than the developed countries, she thinks that they will not be able to catch up with the developed nations in the near future.

Which of the following, if true, would strengthen Ryan's argument that developing countries will not catch up with developed countries?

a. Most developed countries do not have similar resources endowments.

b. Some of the fastest growing developing countries in the world also score well on many social indicators.

c. Credit creation by the formal banking system in most developing countries has been falling or stagnant in the last five years.

d. High population in developing countries, which for decades acted as a drag on growth, now forms a productive workforce.

e. Most developed countries experienced a high degree of inequality in the initial phases of economic growth.

Two students, Ryan Wattenberg and Emma Bennett are discussing the idea of convergence over coffee. Ryan considers convergence to be true in theory but impractical in the real world. He claims that most low-income developing countries are stuck in a cycle of poverty and so cannot catch up with developed countries. With increased globalization, Emma feels that the developing countries are growing and will converge with higher-income countries eventually. Zoey Smith, a friend of theirs, however, thinks that the evidence on convergence is rather unclear. Despite the fact that developing countries are growing much faster than the developed countries, she thinks that they will not be able to catch up with the developed nations in the near future.

Which of the following, if true, would strengthen Emma's argument that developing countries will not catch up with developed countries?

A. Most developing nations are at the point where the cost of capital exceeds the marginal product of capital.

B. The number of bilateral and multilateral agreements relating to technology transfer from developed to developing nations has significantly increased.

C. With low public investment in healthcare, the cost of private healthcare as a proportion of average income is very high in developing.

D. Since cash flows from foreign sources are considered volatile, many developing countries have capital controls and other regulations that restrict the flow of foreign investment.

E. Unlike the developed nations, most developing countries do not have extensive government-sponsored social security programs.

Answer the following questions as briefly and precisely as possilble.

a) why do most countries use trade protection tools?

b) Is there any theoretical justification to use trade protection tools?

c) Explain why rich countries subsidize agricultural sector in their economies.

d)Explain why rich countries subsidize high-tech firms in their economies.

e) which countries (and groups within a country) most likely oppse international labor standards? Explain why.

f) explain why some countries use coluntary export restrains (VER) instead of imports quota?

g) list and explain at least there reason as to why contries decide to form regional trade agreements.

h) why we need to make distinction between large and small countries in making trade policy analysis?

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