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☆☆☆☆☆Cards in this guide (12)
What kind of loans does the World Bank make
The world bank lends money to memeber nation so that they could be carry out the work of public importance and usefulness.
What does conditionality require of countries getting loans from the IMF
The acceptance of economic policy recommendations
What does the World Bank hope will result from the loans it makes to developing countries
An improved climate for foreign investment
Globalization creates greater what
Interconnections among the people and economies of the world
What was the relationship between colonizing countries and their colonies
The colonizers used the resources of their colonies to grow their own economies.
How might a country respond to a trade embargo
It could pursue a policy of national self-sufficiency.
Because most developing countries have weak domestic industries they do not benefit from what
Free-trade policies
When might a country specialize in producing a particular good
When a country has an absolute advantage in production of that good it may specialize in producing that good.
If developing countries have weak domestic industries they do not benefit from what
Free-trade policies
What is something that is not a hazard of globalization
Increased prices are not a hazard of globalization.
What is required for specialization to take place
A Division of labor
What is largest difference between developed and developing countries
the level of wealth
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