Week 11

4. John Maynard ____ argued that the state’s use of fiscal and monetary measures and public spending to promote economic growth in an economy dominated by private enterprise was justified, particularly during an economic downturn.
5. The term Handleman chooses to refer to poor countries in the world is ______ (two words, remove the space).
7. the study of how people pursue collective economic goals and deal with conflicts over resources and other related issues is political ____.
8. Influenced by leftist theories, even pillars of the establishment such as the World Bank are not reoriented to concerns of “Growth and r____.” (leave off the ‘r’ in the answer)
9. the notion that the state should expand its direct role in the economy and control foreign trade in order to maximize national wealth and power.
10. Ricardo’s Iron Law of ____ stipulated that the development of the economy required pitiless capital accumulation at the expense of the impoverished labor force.

1. The economy role of the state in Japan, South Korea and Germany is known as bureaucratic ____.
2. ___ theory challenged modernization theory by arguing that foreign colonialism made many African, Asian and Latin American countries poor.
3. One political measure Handleman discusses is the creation of specialized and differentiated ___.
6. When a system combines both private enterprise and a significant degree of state involvement in economic affairs, it is known as a ___ economy.