POLS 2401 Quiz: Review Q&A #1
10 Jan 2019
School
Department
Course
Professor
Document Summary
European colonial economic policies can be described as: A: mercantilist: for people and countries to develop and prosper, they need: A: capital (goods, services, and money: the difference between foreign direct investment (fdi) and foreign portfolio investment (fpi) is that: A: fdi is investing more in fixed assets (companies and real estate), as opposed stocks and bonds (which is portfolio investment: mercantilism is: A: states controlling trade, often protecting home markets while seeking to sell products abroad, so as to gain as much profit and power as possible: colonies. Were generally drained of commodities, human capital, and/or money. Often saw the development of significant infrastructure that helped get commodities out of the areas. Were often restructured by the dominant country to produce one particular crop r mineral resource. Saw the introduction of key european ideas, such as nationalism, individualism, and justice: under colonialism. Vast revenues and resources typically flow out of the colonies, with relatively little capital flowing back in.
