Washington consensus - Study guides, Class notes & Summaries

Base of the pyramid (BOP) Correct ans - Economies where people make less than $2,000 per capita per year. BRIC Correct ans - Brazil, Russia, India, and China. Emerging economies Correct ans - A term that has gradually replaced the term "developing countries" since the 1990s. Emerging markets Correct ans - A term that is often used interchangeably with "emerging economies." Expatriate manager Correct ans - A manager who works ...

American Government CLEP Exam Questions With 100% Correct Answers The U.S. Constitution guarantees the protections of minority rights even while allowing the majority to rule. Which amendment to the Constitution most supports the protection of minority rights? - answerFirst Amendment - The First Amendment guarantees rights including freedom of speech, freedom of the press, freedom of religious exercise, and freedom of assembly. All of these allow minority groups to express their opinions a...

GDP - total value of all goods and services produced in a country in a year Gini Coefficient - a statistical method of modeling/graphing the extent of wealth inequality GDP per capita - Gross domestic product divided by the number of people in the population. infrastructure - the basic systems and structures a state needs to work properly Privitization - the sale of a business that was owned and managed by government to a private company/individual trickle-down - a belief that wealth gaine...

ability-to-pay principle the idea that taxes should be levied on a person according to how well that person can shoulder the burden absolute advantage The economic advantage one nation enjoys that is absolutely superior to other nations. absorptive capacity The ability to recognize the value of new information, assimilate it, and apply it. accommodative strategy A strategy characterized by some support from top managers, who may increasingly view CSR as a worthwhile endeavor. ...

IB Global Politics - Development (3) Test Exam Latest and Verified development - CORRECT ANSWER-- a universal basic aim for individuals as the continuous rise of living standards and the wellbeing of a social organization - largely shaped around how countries can "catch up" to their wealthy counterparts - the creation of a stable and prosperous society with a universal respect for human rights; peace and security Modernization Theory (1960s) - CORRECT ANSWER-- Rostow's plan to move ...

Intergovernmental Organizations - ANSWER-is an organization composed primarily of sovereign states (referred to as member states), or of other intergovernmental organizations. ... IGOs are established by a treaty that acts as a charter creating the group. Non-governmental organizations - ANSWER-are usually non-profit and sometimes international organizations independent of governments and international governmental organizations sovereignty - ANSWER-the authority of a state to govern itsel...

American Government CLEP Exam Questions With 100% Correct Answers The U.S. Constitution guarantees the protections of minority rights even while allowing the majority to rule. Which amendment to the Constitution most supports the protection of minority rights? - answerFirst Amendment - The First Amendment guarantees rights including freedom of speech, freedom of the press, freedom of religious exercise, and freedom of assembly. All of these allow minority groups to express their opinions a...

WGU C211 Global Economics Final Exam ability-to-pay principle the idea that taxes should be levied on a person according to how well that person can shoulder the burden absolute advantage The economic advantage one nation enjoys that is absolutely superior to other nations. absorptive capacity The ability to recognize the value of new information, assimilate it, and apply it. accommodative strategy A strategy characterized by some support from top managers, who may increasing...

Absolute Advantage The economic advantage one nation enjoys that is absolutely superior to other nations. Accounting Profit Total revenue minus total explicit cost Acquisition a wholly owned subsidiary is created through direct foreign investment. Administrative Policy Bureaucratic rules that make it harder to import foreign goods. Agglomeration Clustering of economic activities in certain locations. Beyond geographic advantages, location-specific advantages also arise f...

IR Quiz 4 final 102 Questions with Verified Answers According to political economist Albert Hirschman, the best way to increase the influence and security of a state is to ______. - CORRECT ANSWER Make other countries economically dependent Aid that is given so that the recipient can purchase military equipment serves two main purposes: supplying the recipient with weapons and ______. - CORRECT ANSWER increasing business for arms producers in the donor country At what point in history w...