MNCs can help the develog country to ?
I- Finance a savings gap or balance of payments deficit
II- Obtain foreign technology by adapting existing processes
III- Generate appropriate technology by adapting existing processes
The balance on current account ?
I- equals the absolute value of the balance on capital account
II- is financed by savings
III- is net grants minus remittances
IV- includes goods services and unilateral transfers
A. I and II only…
Columbia’s Jagdish Bhagwati criticizes United States administrations inability to distinguish between benefits of free trade ?
A. and the dangers of free capital movements for LDCs with poorly developed financial institutions
In a portfolio investment ?
A. investors are directly involved in managing the operations
B. as in direct investment investors export goods and services abroad
C. investors transfer the technology to local investorsD. investors…
The IMF is an agency charged with providing ?
A. technical assistance to stock market and financial market problems
B. loans for post-World War II reconstructionC. short-term credit for international balance of payments deficits
Barro and Lee find that ceteris paribus, IMF lending has ?
A. negative effect on economic growth during the simultaneous five-year period but has a significantly positive effect on growth in the subsequent five yearsB. no effect on…
Hollis Chenery and Alan Strout identity three development stages in which growth proceeds at the highest rate permitted by the most limiting factors These factors are ?
I- the skill limit
II- the savings gap
III- the fiscal gap
An annual summary of country’s international economic and financial transactions is ?
A. the capital accountsB. the international balance of payments statements
C. the long-term current account
D. the trade accounts…
I = S + F The equation above states that a country can increase its new capital formation (or investment) through is ?
A. own domestic savings and by inflows of capital from abroad
B. stock market and fiscal policy
C. savings from…