QUIZ ITEMS Flashcards
He was the president of the Bolivia who founded the Bolivian leftist movement
EVO MORALES
An Argentinian-born revolutionary who suggested a revolution as a solution to the “Southern” Problem
ERNESTO GUEVARA
In South America, he was hailed by many as “El Libertador” or The Liberator
SIMON BOLIVAR
He established the first communist state in the Western hemisphere
FIDEL CASTRO
The president of the Venezuela who focused his efforts on state-run oil industries
HUGO CHAVEZ
These are firms that rely on the import of intermediate products for their production process
IMPORT-DEPENDENT MANUFACTURERS
There are specific types of firms that carry out no production of their own but purchase goods from foreign suppliers
IMPORT-DEPENDENT RETAILERS
This is also known as export substitution/ export-;ed industrialization or export-led growth
EXPORT-ORIENTED INDUSTRIALIZATION
This refers to the set of processes that lead states to work together at a regional scale
REGIONALIZATION
This is the region that is composed of the MEDCs
GLOBAL NORTH
All countries in the Southern Hemisphere belong to the Global South
FALSE
All countries in the Northern Hemisphere does not belong to the Global North
TRUE
Quality of life, better standards of living, and superior economic performances are factors that make a country regarded as MEDC
TRUE
Inadequate agricultural production is a positive indicator for developing countries
FALSE
The responses of Latin America to the “Southern” problem are generally socialist and left-leaning responses
TRUE
The Global North-Global South designation is a geographical arrangement
FALSE
Underdeveloped countries becoming dependent to
TRUE
Governmental subsidies are considered as harmful to an export-led growth
FALSE
Countries that are regarded as LEDCs belong to the Global South
TRUE
Countries need “hard currency” to import commodities that are manufactured cheaply on other countries
TRUE