Exam #4 Study Guide

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Exam #4 Study Guide

PSC 110 | Spring Short Answer Questions 1. List the four core principles of economic liberalism. 2. Briefly explain why structural adjustment programs have been criticized by developing countries and their supporters. 3. List the five principles of the multilateral trade regime. 4. What three changes came with the move from the GATT to the WTO? 5. What are the three recent trends in IPE we discussed? 6. Explain the collective goods and sustainability approaches to the environment.

Essay Questions 1. Compare and contrast economic liberalism, statism/mercantilism, and radical/dependency theories. 2. Discuss the structural adjustment programs pursued by the IMF and World Bank in the past. What is the profile of a country in need of structural adjustment and what goals would a typical structural adjustment program pursue? What are some of the typical structural adjustment policies? 3. Compare and contrast how economic liberalism, statism/mercantilism, and radical/dependency theories differently view Multinational Corporations. Be as thorough as you can in describing how each theory views the role of MNCs and which theories are supportive or critical of MNCs. 4. Discuss the three recent trends in International Political Economy (IPE) we discussed in class. Describe each trend and say something about its impact on international relations. 5. We discussed 7 principles of international environmental law that affect norm creation. Define and describe each of them. 6. Discuss the film Good Fortune. What was wrong with the development projects discussed in the film? What should have been done differently? What lessons do you draw from this film about development projects in poor countries?

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