Question

The strong cyclical behavior of countries using import substitution policies was mainly the result of: 1. the fixing of an overvalued exchange rate 2. failure of the central bank to control interest rates 3. excessive foreign investment 4. high levels of imports used for consumption 5. the fixing of an undervalued exchange rate 4 points

QUESTION 4 Taiwan’s development model can be essentially characterized as:

1. growth based on exploiting resources in mainland China

2. import substitution industrialization

3. growth based on foreign aid and assistance from the United States

4. growth based on development of agriculture and raw materials

5. growth based on government-assisted export expansion 4 points

QUESTION 5 Which is NOT an element in Taiwan's technology policy: 1. it acquired technology from the U.S. through an office in Silicon Valley 2. it financed scientists who wanted to create enterprises to produce new products 3. it copied technology from India 4. it created scientific-industrial parks 5. it sought to reverse the brain drain

Answer 1

Question 3
4. High level of imports used for consumption

Question 4
3. Growth based on foreign aid and assistance from the united states

Question 5
2. It financed scientists who wanted to create new enterprises to produce new products