Quiz 5 - Geog 322
In terms of trade relationships, which of the following is most accurate?
- The US exports more to Latin America than to China
- Brazil trades more with the US than China
- Countries of Central America and the Caribbean are now significantly less trade dependent than they were in the past
- Latin America exports more to China than it imports
Examining the history of economic development in Central America and the Caribbean reveals that:
- The US was the first country to develop a plantation economy in the region
- since the 1980s, the role of governments has shifted toward subsidizing export-oriented investors
- After World War II, foreign loans rapidly accelerated local development
- Political independence for these countries completely altered their economic dependence
For many years, ACP (Africa-Caribbean-Pacific) countries were guaranteed a market for bananas and other commodities from former colonizers, providing them a form of economic stability.
- False
- True
The Banana Wars:
- resulted in large profits for Latin America’s banana companies
- resulted in strong export demand for Ecuador, Colombia, and Central America
- created more plantation jobs in Eastern Caribbean islands such as Dominica
- primarily benefitted former British colonies
Which of the following is LEAST characteristic of economic shifts in Central America and the Caribbean since the 1980s?
- increased subcontracting to foreign firms
- increased export of winter fruits
- decreased food imports to the region
- increased tourism and other international services
Since the mid 1990s, maquila employment in Central America and the Caribbean has skyrocketed to meet the demands of US consumers.
- True
- False
Offshore services in Central America and the Caribbean:
- are increasingly regulated since 9/11
- went against advice in the 1990s from the World Bank
- benefit by crises in the US such as the Iraq War and 9/11
- are limited to banking and online gambling
Remittances:
- is heavily regulated and controlled by governments
- are almost entirely spent on investment
- provide more revenue for Mexico than oil
- lead to overall economic development
Maquiladoras:
- employ an equal number of men and women
- are located only in Mexico
- assemble goods primarily for export
Sustainable Development:
- can be achieved through mass tourism
- is incompatible with neoliberalism
- are likely to emerge in indebted states such as those in Central America
- is no longer a goal for countries of the region
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