International Politics on the World Stage 8th Ed.

The South and the New International Economic Order

One of the major themes discussed in Chapter 15 relates to the South's position in the international political economy. A number of factors have contributed to the Less Developed Economies' status in the international system, including the LDC Debt Crisis, and declining levels of foreign aid from EDCs. Some of the key demands made by the LDCs are known as the New International Economic Order. To find out how your thoughts on the South's economic position compares with other students using this book, take the following survey. Mark in the appropriate box whether you Agree or Disagree with each of the statements below. Don't think too much about your answer. Your initial reaction is what is important. When you are finished, submit your answers. You will then be able to see the results of your survey.

1. The EDCs in the North should remove trade barriers and open their markets to provide improved and stabilized markets for primary product produced in the South.
True
False

2. The LDCs in the South should be given a greater say in the running of international organizations such as the IMF and the World Bank.
True
False

3. In order to receive loans from the IMF, LDCs should be required to adopt economic policies recommended by IMF economists.
True
False

4. LDCs in the North should share expensive technological innovations with EDCs in order to facilitate the South's economic development.
True
False

5. A substantial portion of loans made to the LDCs of the South should be written off by Northern creditors, in order relieve the South of enormous debt burdens as they enter the 21st Century.
True
False

6. All EDCs should be required to devote at least 0.7% of their GDPs to foreign aid, as recommended by the United Nations.
True
False

Note:
You may want to print this out before you submit it to record your answers.