Answer the following statement(s) true (T) or false (F)
1. Import-substitution industrialization is based on neo-liberal principles of reduced government protection of industries, fiscal austerity, and privatization.
2. Problems with ISI were emerging at the same times that economists and policy makers in the West were shifting from neoliberal to Keynesian ideas and becoming increasing supportive of the ability of governments to manage the market.
3. Developmental states usually follow neoliberal fiscal and monetary policy, keeping inflation low and their currencies stable and realistically valued vis-à-vis others.
4. According to Kaplan (2013), Latin American countries that relied more heavily on bonds to finance development maintained strong fiscal austerity than countries that relied more heavily on loans.
5. In countries with weak democracies and weak political parties, demands are based on patronage, which is likely to harm the business climate and discourages investment.
1. False
2. False
3. True
4. True
5. True
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Lobbyists and PACs are responsible for funding roughly 50% of all Congressional campaigns in the House of Representatives
Indicate whether the statement is true or false
_____________ are expected to specialize in a few policy areas rather than claim expertise in the whole range of legislative concerns
Fill in the blank(s) with the appropriate word(s).
Many effective lobbyists are former _____
Fill in the blank(s) with correct word
All of the following are major economic challenges facing South Africa EXCEPT a
a. low high school graduation rate. b. low savings rate. c. high death rate among the economically active population. d. high foreign debt. e. shortage of skilled workers.