Chapter 10.3 and 10.4 review

Globalization is linked closely with:

• the self-sufficiency model of development.
• a low level of HDI and high GII.
• the Rostow model of international trade.
• a low GEM and high GII.
• investment from the IMF and the World Bank

Which was NOT one of the Four Asian Dragons that based its development on international trade?

• Singapore
• Taiwan
• South Korea
• Vietnam
• Hong Kong

Microsoft loaning money to set up software packaging operations in Ireland would be an example of _____.

• the International Monetary Fund
• the World Bank
• foreign direct investment
• a multinational corporation relocation program
• an international development assistance program

Microfinancing is intended:

• for new corporations moving into developing countries.
• for women to obtain small loans for cottage industries.
• for established businesses to secure loans for expansion.
• to provide substantial loans to multinational corporations to move into less developed countries.
• to provide loans of less than $100.

Sustainable development seeks to:

• improve human and environmental conditions today in order to provide for future generations.
• promote global extraction of resources to fund development in the poorest countries.
• continue current productions rates with depleting resources.
• implement controls on birth rates to cause global populations to not exceed 25 billion.
• prevent a global collapse of the world’s leading manufacturing corporations.

What is the main advantage of fair trade?

• It allows for fair competition between the same producers in a country on the global market.
• It improves working conditions and global trade opportunities in developing countries.
• It provides equal trade practices and restrictions among countries.
• It allows for competition of workers in agricultural industries by controlling wage rates.
• There is no such thing as fair trade.

Small loans to individuals in developing countries to promote personal/family development are known as:

• microfinance.
• debt-to-development program.
• sustainable development.
• individual monetary finance (IMF).
• microbusiness.

Which region has the lowest GII numbers?

• South Asia
• East Asia
• South America
• Western Europe
• Central Africa

The share of the GNI from the primary sector:

• has decreased in developing countries but remains higher than in developed countries.
• is increasing for developed countries.
• has increased for developing countries due to global climate disasters.
• has become stagnant with no growth into the secondary sector due to lack of foreign investment.
• has increased because of more women entering the workforce in developing countries.

Promoting safe and sustainable farming methods and working conditions is part of the business practices associated with _____.

• microfinancing
• Human Development Index
• Sustainable Development Goals
• fair trade
• international trade