Classical economic development theory, structural theory, neo-classical development theory (Edexcel A-Level Politics): Quizzes
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Practise the questions
13 questions from this quiz
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Practise the questions
13 questions from this quiz
Who is associated with classical economic development theory and the concept of division of labour?
Who is associated with classical economic development theory and the concept of division of labour?
Adam Smith
What does 'invisible hand' refer to in classical economic theory?
What does 'invisible hand' refer to in classical economic theory?
Market self-regulation mechanism
According to classical theory, what drives economic development?
According to classical theory, what drives economic development?
Free markets & private enterprise
Who developed World-Systems Theory?
Who developed World-Systems Theory?
Immanuel Wallerstein
In World-Systems Theory, which category do Brazil and India belong to?
In World-Systems Theory, which category do Brazil and India belong to?
Semi-periphery
According to Dependency Theory, how do resources flow in the global economy?
According to Dependency Theory, how do resources flow in the global economy?
From periphery to core
What do structural theories challenge about classical economic theory?
What do structural theories challenge about classical economic theory?
Free markets benefit all equally
When did neo-classical development theory become particularly influential?
When did neo-classical development theory become particularly influential?
Late 20th century
What are SAPs in neo-liberal development?
What are SAPs in neo-liberal development?
Structural Adjustment Programs
What do neo-liberal policies encourage regarding state-owned enterprises?
What do neo-liberal policies encourage regarding state-owned enterprises?
Privatisation
What did the 2008 global financial crisis demonstrate?
What did the 2008 global financial crisis demonstrate?
Economic interconnectedness
How do non-state actors like MNCs affect the global economy?
How do non-state actors like MNCs affect the global economy?
They affect state sovereignty
What is the overarching ideology of the global economy?
What is the overarching ideology of the global economy?
Global capitalism