Exam I – Introduction and International Development
(100 Points)

Instructions:  This is a take home exam, therefore, please take your time to provide clear, thoughtful answers.  Remember, the goal of this assignment is for you to illustrate to me that you’ve covered the required material, that you understand it, and that you’ve thought about it enough to provide concise, thoughtful answers.

PLAGIARISM: All answers must be your own words reflecting your own understanding and knowledge of the material. All reprinted statements must be fully cited to the original author. Students may not copy statements, data, or any other information from any source, including internet websites.

Section I:    Definitions    (15 Points)
Define each of the terms below in one paragraph or less.

Globalization
Economic Integration
Economic Liberalization

Section II: Concepts    (20 Points)
Explain each of the following concepts in approximately a half to a full page.

1. Briefly explain the goals or objectives of economic development. (10 points)

2. Why is the HDI considered an improvement over GDP per capita as a measue of economic development? (10 points)

Section III:    Historical Context (25 Points)

1. In lecture it was argued that no single economic path nor economic theory fully explains all the actual historical experiences of economic development. However, there were 4 processes that were common to all successfully developed economies: primitive accumulation, increases in the capital labor ratio, the modernization of agriculture, and foreign trade relations. Explain each of these four processes:


Section IV: Theory ( 40 Points)
Answer all of the questions below. Each answer should be approximately 1 to 2 pages in length.

1. Summarize and explain the Dependency theory of development (all four models). (20 Points)

2. Explain Neo-Liberal Development theory? (20 Points)