d) They fell apart with the end of slavery.
Latin American Economic Development
1. In Latin American studies, what is meant by “dependency” theory?
a) Political rule in Latin America in the nineteenth century was dependent on
being a caudillo, or a “leader,” who acquires power based on possession of large
amounts of land.
b) The global marketplace is an unfair trading ground for most less-
developed countries.
c) The system of caudillismo, one of political power, was dependent on another
system, the latifundia, which was based on land ownership.
d) The more dependents that a family has, the better its economic well being.
2. Which of the following represents the ISI strategy?
a) Development of national industry and separation from the global economy
b) An indigenous-based economic strategy designed to create greater economic
parity among races and classes in the region
c) The permission for immigrants from other countries to enter Latin American
countries in greater numbers, to provide a larger workforce
d) Lowering tariffs to encourage exports and imports
3. Which of the following is an example of an international financial institution?
a) The World Bank
b) The Inter-American Development Bank
c) The International Monetary Fund
d) All of these are correct.
4. Which of the following was an effect of the SAPs, or structural adjustment
programs, instituted by the international financial institutions in the 1980s?
a) Widespread unemployment
b) Triple-digit inflation
c) Cuts in subsidies
d) All of these are correct.
5. Which two recent neo-liberal treaties affecting a number of Latin Americas nations
have struggled and failed to win public support for implementation?
a) NAFTA and the TPP
b) TPP and FTAA
c) FTAA and NAFTA
d) Only the TPP failed to win public support.