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WorksheetsSelf-Assessment on Economic Intellectual Traditions
Total questions: 15
Worksheet time: 8mins
Who developed the theory of Industrialization by Invitation
Karl Marx
Sir Arthur Lewis
Walter Rodney
Dr Eric Williams
What is the primary goal of Industrialization by Invitation?
Reduce dependency on foreign investment?
Invite foreign industries to stimulate economic growth
Encourage local entrepreneurship only
Promote self-sufficiency in agriculture
According to Marxism, what is the primary cause of class conflict?
Differences in education
Government policies
Unequal distribution of wealth and power
Foreign intervention
In dependency theory, why do developing countries remain underdeveloped?
They refuse foreign investment
They invest too heavily in industrialization
They focus on agriculture instead of manufacturing
They are exploited by developed nations through unequal trade relationships
Which intellectual tradition views capitalism as inherently exploitative?
Industrialization by Invitation
Dependency Theory
Marxism
What does dependency theory suggest for Caribbean nations?
Increase reliance on foreign investment
Develop internal industries and reduce reliance on foreign economies
Focus on agricultural exports
Invite more multinational corporations
How can industrialization by invitation potentially create dependency?
By making local businesses stronger
By fostering self-reliance
By relying heavily on foreign companies for economic growth
By promoting equal wealth distribution
According to Marxism, who controls the means of production in a capitalist society?
The working class
The government
The consumers
The bourgeoisie
What is a key criticism of Industrialization by Invitation?
It decreases employment opportunities
It prevents economic diversification
It discourages technological advancement
It can lead to economic dependency on foreign investors
what model promoted Industrialization by Invitation in the British West Indies
Operation Beehive
The 10-year developmental plan
Operation Bootstrap
Operation Oil and Gas
What is the main objective of establishing a free trade zone (FTZ)?
Increase agricultural production
Reduce international competition
Limit foreign business involvement
Attract foreign direct investment and boost exports
How do FTZs help promote industrialization by invitation?
By discouraging foreign businesses
By offering tax incentives to foreign investors
By increasing import taxes
By focusing solely on agriculture
Who is the theorist behind Marxism
Andre-Gunder Frank
Dr. Eric Williams
Karl Marx
Sir William Henry
Who is the theorist behind Dependency Theory
Karl Marx
Andre-Gunder Frank
William Herny
Arthur Lewis
The 10year developmental plan was attempted by
Trinidad and Tobago
Puerto Rico
Barbados
Jamaica
