Week 2 Short-Answer Question

1.Why  would a country today to obtain a loan from the IMF or the World Bank?

2.What was the main point of the Washington consensus?

3.What was the impact of social justice programs like income redistribution and subsidies on Jamaica’s  economy?

4.According to the text, Barbadian leaders resisted IMF calls to devalue their currency. What did they believe would happen if they agreed to a currency Devaluation?

5. What does the Egyptian government hope to singal by meeting the terms of the IMF loan?

6.In what specific way has the EBRD assisted the Senj Sant concrete plant?

7. After listening to this clip, do you think international financial institutions (such as the World Bank) are helping or hindering  developing  countries?

8. In the 1970’s, many countries in the developing world embraced the ideas of dependency theory and attempted to disconnect themselves from the global economy. As the text explained, their goal was to become successful through economic independence. Do you think they achieved their goal?

9. Do you agree or disagree with the author’s assertion that “discipline sometimes carries a great personal cost ”? Explain

10. In thinking about the developing country you are investigating for your paper assignment, what criteria would you look at to determine the well-being of the country?