You will be asked 6-8 questions from the following list (more
questions will be added each week). Your answers should rely on both
the mandatory readings and your class notes. You are strongly
encouraged to use bullet point form. The questions will be weighted
differently (in other words, some questions require very brief
answers, while others will require more detailed treatments). Please
write legibly and leave enough space between each answer in your
exam booklet (in other words, try to make the life of your TA easier...)
Q8. How does Robert Heilbroner define socialism? Who was the real
architect of socialism in his opinion? What are the two types of
social/cultural settings in which socialism (or the collective ownership
of most wealth) can be said to have worked historically? What were some
of the main features of the case historically made for central planning
(or production for use rather than profits) (list 3 characteristics)?
What was the Gosplan and how did it operate? Describe a famous cartoon
in the magazine Krokodil and the problem it illustrated.
Q14. How did your professor distinguish "free" and "fair" trade? List
five (5) principles of fair trade according to Global Exchange.
Q15. In two sentences, why does Sidwell argue that Fair Trade is unfair?
According to Gene Callahan, what are the two reasons why some coffee
growers cannot earn a living in their line of work and what should be
done about this in his opinion? According to Paul Collier, what does
fair trade ensure (cite the direct quote)?
Q16. What are the main differences between Arabica and Robusta coffee
discussed in class (including their price and geographical origins)? In
a few words, what are the two main points made by Peter Singer when he
discusses Gucci bags in the context of fair trade coffee? According to
Claar and Haight (citing other research), why are newcomers to fair
trade production the least likely to benefit from it and why does fair
trade appears to exacerbate inequalities in certain ways? According to
Colleen Haight, what is the best way to help migrant coffee laborers in
the short run?
Q17. How does Sarah Bachman distinguish between positive and negative
boycotts? What are the two ways by which success in each type of boycott
should be measured in her opinion? List and discuss briefly three main
reasons invoked by Eric Edmonds to argue that, for children in less
developed economies, the return to not working may be relatively low?
Discuss briefly what Blattman and Dercon observed in their study of
sweatshops in Ethiopia when comparing sweatshop work to other activities
(especially in terms of wages and working conditions).
Q18. According to Held et al., what were two of the main contributors in
the early history of the globalization of culture? In their opinion,
what were the most important ideas and arguments to emerge out of the
relatively recent expansion of the West? Give a concise and commonly
accepted definition of "cultural imperialism." What Chinese ethical and
philosophical system might have had an impact on European enlightenment?
What is the style of architecture of Sezincote House? What recently
opened country did the proponents of Art Nouveau, Surrealism, and Art
Deco heavily borrow from? According to Don Boudreaux, what is one of the
main reasons that cultural elites look down with contempt on popular
Q19. What are the two main characteristics of culture(s) and how are
they produced according to Tyler Cowen? What are Cowen's main thesis and
arguments in this respect? Geographically speaking, where are Samosas,
Gulab Jamuns and Vindaloos ultimately from?
Q20. According to Maisha Z. Johnson, what is cultural appropriation?
List four (4) reasons as to why she views it as inappropriate. Where do
the two forms of the word used for "tea" originally came from? How were
they spread geographically? List one "white" influence on Chuck Berry's
music. How did Berry describe his style?
Q21. How was foreign aid defined in this class and what kind of monetary
arrangements does it entail? Summarize the "two gap" model along with
the role it entails for experts and foreign donors.
Q22. Why did Peter Bauer argue that the "poverty trap" cannot be a
binding constraint? According to June Arunga, what is one of the easiest
and best career paths for young educated Kenyans? According to Angus
Deaton, what are and what are not the main causes of global poverty
today? What is the "central dilemma" of foreign aid in his opinion and
why does he believe that it is fundamentally antidemocratic? According
to the "odious debt" doctrine, what makes a debt "odious"?
Q23. Provide a concise description of the WTO's dispute resolution
mechanism (list 4 items). List three (3) answers provided by WTO
defenders against the charge that the organization is not democratic?
List three (3) of the five (5) biggest barriers to wealth creation in
the developing world according to Iain Murray.
Q24. What was the name of Jeffrey Sachs's African experiment/demonstration
project? What was he planning to do with his approach once it had been
validated? What was missing in such cases where better farming
technologies were implemented and delivered more output? What insight
from Hayek does Peter Foster was missing in Jeffrey Sachs' schemes?
According to Bill Easterly, what are the poorest parts of the world
really suffering from and what is really wrong with the tyranny of
experts (list three things in Matt Ridley's summary)? What were the
Mourides practicing long before the development experts "discovered" it?
Q25. List three (3) problems that result from the globalization of
environmental affairs according to Held et al. What was the main such
problem for most of human history? Draw and give a brief explanation of
the Environmental Kuznets Curve. What is the main hypothesis behind it?
List three (3) possible explanations for it.
Q26. What is the "race to the bottom" (RTB) or "pollution haven"
hypothesis? What should we observe if the RTB hypothesis was true? List
two factors that might trump environmental regulations in firms'
international location decisions. What is the "bootlegger and Baptist"
model (or coalition)?
Q27. What historically explained the high rate of deforestation
experienced in most civilization? What explains the "forest transition"
(i.e., increase in forest cover in the presence of increased and
wealthier populations) experienced in many advanced economies in the
last two centuries? List three advantages of synthetic dyes over natural
dyes? What was the first commercially successful synthetic dye? Who was
the main individual involved in its development? Which firm first
developed synthetic indigo?
Q28. Give a concise account of Austrian economist Carl Menger's theory
of the origins of money. Why were precious metals preferred to other
types of goods in this respect? How Does Das define financial
globalization? In his opinion, what were the main components of its
enabling framework? List the main prime movers of financial
globalization in his opinion.