Review Terms for Economics/Globalization Test

Here are the terms/concepts you should be familiar with for the test. Be able to not only understand each word, but look above and below each entry to see how that particular word matches with other topics and concepts. If you have any questions, post them and I'll answer as best I can.

Developed vs. Underdeveloped States
Rich versus Poor States: how rich versus how poor?
GNP and GNP/PC
Purchasing Power Parity (What isn’t measured in GDP?)
Industrialization vs. Basic Needs
Cycle of Underdevelopment
(Dual Economy, Low Productivity, Insufficient Capital, Few Human Services, Trade, Foreign Aid, Private Investment, Technical Assistance, Lack of Social Cohesion, Insufficient Natural Resources, Explosive Population Growth)
Colonial Legacy (positives and negatives)
Cash Crops
Tariff Barriers
Non-Tariff Barriers
Quota, Subsidy, Regulation
Stronger vs. Weaker Currencies (What effect does this have on trade?)
Liberal Economics (Comparative Advantage, Specialization, Free Trade)
Dependency (Import Substitution versus Export Driven Growth)
Participatory Development
Globalization: Definitions
Globalization: Free Trade debate
Globalization Mechanisms
(Convergence, Pressure on Government/Policy, Why fewer and less regulations, taxes, etc?)
International Monetary Fund( Two Roles - formal and informal, Benefits and Criticisms, "Golden Straightjacket")
East Asian Financial Crisis: Two explanations
Globalization: Positives and Negatives, Pros and Cons (lots here)
Effects (not just economic)
Indonesian Experience(Sovereignty, East Timor, Democracy, “Revolution from Beyond”)
Debate over Chinese Economic Growth: Status Quo versus Revisionist
Current Events (Iran, NPT, Iraqi Violence, Sectarian Iraqi Issues, Israeli Elections, Belarus Elections, Slobodan Milosevic, Bush Cabinet shakeup)

Administrative Updates

General Announcements about all things PoliSci103ish:

1. The test of the "Economics and Globalization" section will be on Tuesday, April 4. It will be in the same format as the previous test (mulitiple-answer multiple choice questions and some short answer questions). I will post a review guide at this site in a day or two.

2. The discussion of the extra-credit book for March ("The Sling and the Stone" by Thomas Hammes) will be on Thursday, March 30 at 5:30 PM at the Mercury Tapas Bar downtown on High Street (the restaurant is at 250 or 240 High Street; I can't remember).

3. The extra-credit book for April (the last one this semester) is "Mao: The Unknown Story" by Jung Chang and Jon Halliday (Amazon link), for those that want to order it and get a jump on it. Mao led the Chinese Communist Party to victory in a twenty-year-long civil war in China, and led the country until his death in the 1970s. This book has been very well reviewed, and is the first biography of Mao to use new archival material only available since China has been more open to the west. As such, it contains new information about Mao not previously known. A great read.