In a short essay, discuss what factors could explain why some regions have not moved forward on the UN Millennium Development Goals (MDGs) according to Sachs and MacArthur.
What will be an ideal response?
Poor governance. Governments that abuse the human rights of their citizens and are
corrupt in their dealings with others will make it difficult to achieve MDGs because their actions
are counterproductive to achieving the MDGs. However, the poor level of governance in the
country could also be based on lack of knowledge, expertise, and infrastructure. As a result, the
leaders of the country may not have the proper skill set to address these complex problems.
The poverty trap. A poverty trap occurs when a country does not have the financial
resources necessary to implement the investments needed to improve infrastructure and reduce
the levels of hunger and disease, which leads to stagnant economic development. Developing
countries are caught in a vicious poverty circle that is very difficult to break. When the citizens
of the country are extremely poor, they don’t save money because they spend all their money just
to survive. The result of having no disposable income reduces or eliminates any additional
expenditures, which ultimately results in very low tax revenues for the country. The low level of
tax revenues directly affects the ability of the country to help its citizens improve economically
and limits the country’s ability to make investments for improving the infrastructure within the
country. An inadequate infrastructure then leads to lower levels of foreign investment, which
further reduces the resources available to the government and could eventually lead to conflict
and civil war within the country.
Persistent pockets of poverty. Countries such as Brazil, China, and Mexico have large
middle classes that demand resources from the government. The result is that additional
resources are not allocated to reduce these pockets of poverty.
Policy neglect. The concept of policy neglect refers to the inability of top-level
governmental decision makers to understand the challenges and subsequent consequences of
their decisions. Policy neglect traditionally causes biases, stereotypes, or ignorance.
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Answer the following statements true (T) or false (F)
1.By widening the size of the domestic market, international trade permits companies to take advantage of longer production runs and increasing efficiencies such as mass production. 2.The theory of overlapping demands applies best to trade in manufactured goods. 3.Decreasing cost conditions lead to complete specialization in the production of the commodity of comparative advantage. 4.According to Staffan Linder, the factor-endowment theory is useful in explaining trade patterns in manufactured goods, but not primary products. 5.The theory of overlapping demands asserts that trade in manufactured goods is stronger the less similar the demand structures of two countries.
Which of the following costs is an example of a batch-level cost?
A. Assembly setup costs B. Shipping and handling costs to ship an order to a customer C. Materials handling costs D. All of the above.
What does the English rule for successive assignments provide?
A) The first assignment in time prevails, regardless of notice. B) The first assignment in time prevails, pending notice. C) The first assignee to give notice to the obligor prevails. D) The first assignee who receives a tangible token prevails.
In a regression analysis of a first-order model involving 3 predictor variables and 25 observations, the following estimated regression equation was developed. y = 10 - 18x1 + 3x2 + 14x3 Also, the following standard errors and the sum of squares were obtained. sb1 = 3 sb2 = 6 sb3 = 7 SST = 4800 SSE = 1296 If you want to determine whether or not the coefficients of the independent variables are
significant, the critical t value at ? = .05 is a. 2.080. b. 2.060. c. 2.064. d. 2.086.