(The following was excerpted frommaterial written in 1988.) For over a decade the most common policy advice given to developing countries Line (5) institutions has been to copy the export-oriented path of the newly industrializing countries, the celebrated NIC’s. These economies— (10) burst into the world manufac- turing market in the late and the (15) six economies, along with 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 and 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) 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: Given the information in the passage, which of the following is a true statement about the NIC’s? Answer: -------------------------------------------------------------------------------- Q36: The author of the passage most clearly implies that Broad and Cavanagh disagree with the World Bank and the International Monetary Fund about which of the following? Answer: -------------------------------------------------------------------------------- Q37: The author mentions Answer:
by international development
for commodity exports to
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—
(10)
burst into the world manufac-
turing market in the late
and the
(15) six economies, along with
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
and
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:
Given the information in the passage, which of the following is a true statement about the NIC’s?
Answer:
--------------------------------------------------------------------------------
Q36:
The author of the passage most clearly implies that Broad and Cavanagh disagree with the World Bank and the International Monetary Fund about which of the following?
Answer:
--------------------------------------------------------------------------------
Q37:
The author mentions
Answer:
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