Economic Development Flashcard 137-149

Front

What is one of the benefits of economic development for governments?

Back

Increased military and economic capability

Front

What is one consequence of over-dependence on development aid from IGOs?

Back

Limited options in pursuing national development goals

Front

What can undermine a state's economy if it is dependent on taxes from an MNC? Options: High inflation rates, MNC moving business elsewhere, Increase in local taxes, Decrease in exports

Back

MNC moving business elsewhere

Front

Which companies are mentioned as employing strategies to avoid paying taxes? Options: Google, Microsoft, IBM; Amazon, Meta, Apple; Samsung, Sony, LG; Tesla, Ford, GM

Back

Amazon, Meta, Apple

Front

What is South–South cooperation (SSC) based on?

Back

Solidarity among countries with colonial experience

Front

What is a challenge for states when it comes to development projects?

Back

High financial means and resources required

Front

What is a "debt trap"?

Back

A situation where an indebted state or actor has to borrow more money to repay old debts.

Front

What happened to Sri Lanka's Hambantota Port due to its debt to China?

Back

It was granted to a Chinese company with a 99-year lease.

Front

What is the mission of the World Bank?

Back

To create a world without poverty

Front

Which two IFIs were founded in 1944? Options: The United Nations and NATO, The International Monetary Fund and the World Bank, The European Union and ASEAN, The World Health Organization and UNICEF

Back

The International Monetary Fund and the World Bank