For over a decade the
most common policy advice
given to developing countries
Line by international development
(5) institutions has been to copy
the export-oriented path of the
newly industrializing countries,
the celebrated NIC’s. These
economies—Brazil, Hong
(10) Kong, Mexico, Singapore,
18
South Korea, and Taiwan—
burst into the world manufac-
turing market in the late 1960’s
and the 1970’s; by 1978 these
(15) six economies, along with India,
enjoyed unequaled growth
rates for gross national product
and for exports, with exports
accounting for 70 percent of
(20) the developing world’s manu-
factured exports. It was,
therefore, not surprising that
dozens of other countries
attempted to follow their model,
(25) yet no countries—with the pos-
sible exceptions of Malaysia
and Thailand—have even
approached their success. In
“No More NIC’s,” Robin Broad
(30) and John Cavanagh search for
the reasons behind these fail-
ures, identifying far-reaching
changes in the global econ-
omy—from synthetic substitutes
(35) for commodity exports to
unsustainable levels of foreign
debt—as responsible for a glut
economy offering little room for
new entrants. Despite these
(40) changes, the authors maintain,
the World Bank and the Inter-
national Monetary Fund—the
foremost international devel-
opment institutions—have
(45) continued to promote the NIC
path as the way for heavily
indebted developing countries
to proceed. And yet the futility
of this approach should,
(50) according to the authors, be
all too apparent so many years
into a period of reduced growth
in world markets.
--------------------------------------------------------------------------------
Q35:
19
Given the information in the passage, which of the following is a true statement about the NIC’s?
A. Their economic success among developing countries has been exceeded only by the successes of Malaysia and Thailand.
B. By 1978 they produced 70 percent of the world’s manufactured exports.
C. In the late 1970’s, their growth rates for gross national product were among the highest in the world.
D. In recent years their development has been heavily subsidized by major international development institutions.
E. They received conflicting policy advice from international development institutions in the late 1960’s and the 1970’s.
OA: Spoiler Code C
most common policy advice
given to developing countries
Line by international development
(5) institutions has been to copy
the export-oriented path of the
newly industrializing countries,
the celebrated NIC’s. These
economies—Brazil, Hong
(10) Kong, Mexico, Singapore,
18
South Korea, and Taiwan—
burst into the world manufac-
turing market in the late 1960’s
and the 1970’s; by 1978 these
(15) six economies, along with India,
enjoyed unequaled growth
rates for gross national product
and for exports, with exports
accounting for 70 percent of
(20) the developing world’s manu-
factured exports. It was,
therefore, not surprising that
dozens of other countries
attempted to follow their model,
(25) yet no countries—with the pos-
sible exceptions of Malaysia
and Thailand—have even
approached their success. In
“No More NIC’s,” Robin Broad
(30) and John Cavanagh search for
the reasons behind these fail-
ures, identifying far-reaching
changes in the global econ-
omy—from synthetic substitutes
(35) for commodity exports to
unsustainable levels of foreign
debt—as responsible for a glut
economy offering little room for
new entrants. Despite these
(40) changes, the authors maintain,
the World Bank and the Inter-
national Monetary Fund—the
foremost international devel-
opment institutions—have
(45) continued to promote the NIC
path as the way for heavily
indebted developing countries
to proceed. And yet the futility
of this approach should,
(50) according to the authors, be
all too apparent so many years
into a period of reduced growth
in world markets.
--------------------------------------------------------------------------------
Q35:
19
Given the information in the passage, which of the following is a true statement about the NIC’s?
A. Their economic success among developing countries has been exceeded only by the successes of Malaysia and Thailand.
B. By 1978 they produced 70 percent of the world’s manufactured exports.
C. In the late 1970’s, their growth rates for gross national product were among the highest in the world.
D. In recent years their development has been heavily subsidized by major international development institutions.
E. They received conflicting policy advice from international development institutions in the late 1960’s and the 1970’s.
OA: Spoiler Code C
Last edited by showbu on Tue Jan 20, 2009 10:12 pm, edited 1 time in total.
