The Doctrine of Neoliberalism Asserts That Underdeveloped Countries Can Develop

question 17

Multiple Choice

The doctrine of neoliberalism asserts that underdeveloped countries can develop by freeing up markets and allowing foreign corporations to operate within their borders. Why might dependency theorists critique this idea?

• A) Dependency theorists would argue that the only way for underdeveloped nations to develop is to borrow from foreign banks and not rely on corporations.
• B) Dependency theorists would argue that foreign states provide a much more stable source for income for underdeveloped nations.
• C) Dependency theorists would respond that low-income nations need revolutionary changes that would push out, rather than welcome, foreign corporations.
• D) Dependency theorists would argue that the legacy of colonialism has already led to positive forms of development in low-income countries.

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Definitions:

Environmental Racism

The disproportionate impact of environmental hazards on minority communities, stemming from policies and practices that discriminate based on race or socioeconomic status.

Kyoto Protocol

An international agreement linked to the United Nations Framework Convention on Climate Change that commits its parties to greenhouse gas emissions reduction targets.

Economic Growth

An increase in the production of economic goods and services, compared from one period of time to another, typically measured by GDP (Gross Domestic Product).

International Obligations

International Obligations refer to the duties and responsibilities that countries have towards each other under international law, including treaties, conventions, and customary international norms.