POL223

1. Business conglomerates that have their operations across national boundaries are called _______________

2. According to Karl Marx, all commodity value is determined by ________

3. The establishment of IMF was based on the suggestion of _________

4. Prior to 1960 which currency was upgraded as gold for reserve currency?

5. The owners of the means of production, that is, the propertied class in a capitalist society are called ___________

6. Marx believed that the class conflict between the capitalist and proletariat would lead to ________

7. Another name for the International Bank for Reconstruction and Development is ___________

8. Intellectual precursors of classical political economy includes all but one, namely?

9. The drive to accumulate _________ is responsible for exploitation of the satellite by the metropole

10. The development which meets the needs of the present without compromising the ability of future generations to meet their own needs is known as _________

11. In a capitalist society _________ is bigger between actual economic surplus and potential economic surplus

12. ________ is regarded as the long-term direction of all social change

13. The bloody, one-sided war to enthrone and sustain imperialism was described by Otto Von Bismarck as _______

14. Nkrumah defined _______ as the last stage of imperialism

15. Lenin described imperialism as _________ stage of capitalism

16. Which of these is not among the motivations of multinational corporations?

17. Globalization of capital is said to date back to the _________ era

18. IMF, World Bank, GAAT are examples of ________

19. The first international monetary system was based on ________ and _________

20. King Leopold of Belgium is said to have reduced the population of Congo to 10 million from ________ million within a decade

21. The First Afro-Asian and Latin American People’s Solidarity Conference was held in 1966 in the city of ______

22. ___________ argued that one of the contradictions of capitalism is that while the surplus is produced by many it is appropriated by few

23. Ander Gunder Frank held there is no _________ rather what exists as such are simply sector of global capitalist economy

24. ________ was the first European colonial power in Africa

25. Ander Gunder Frank maintained that economic development in the periphery can only occur independent of __________

26. _________ is regarded as religion without a god

27. Colonialism was considered as the logical consequence of the end of __________

28. Nkrumah conceived _________ as the embodiment of Clientele sovereignty or fake independence

29. Taubman Goldie's strategy for eliminating Africans from the lucrative trade in the Niger Delta was through ___________

30. Internationalisation of knowledge; open policies with respect to international trade are said to be examples of mechanisms of ____________

31. The second trend in the understanding of developement focused on ________

32. The British colonization of Nigeria began with the conquest of ________

33. In the international capitalist division of labour manufacturing is monopolized by ___________

34. _____________ outlined five stages which societies pass through on their way to development

35. ________ is regarded as the foreign political domination and subordination of oversea territories for effective economic exploitation

36. __________ constitutes the decisive factor of the production process

37. Ander Gunder Frank maintained that the developed capitalist countries were never underdeveloped rather they were at a point __________

38. The conclusion that each historical epochs contains clashing forces or dialectics from which new epochs emerged was arrived at by _______

39. Which of the following is not among the indicators of development

40. _________ first argued that the national wealth was maintained not through the accumulation of gold and silver but through the capital and goods, they could buy

41. __________ held that the national metropole also exploit the national satellite

42. ________ exploits the metropolitan centre of the underdeveloped country

43. The economic strategy underlying the relationship between colonies and colonizers during this era of classical imperialism is regarded as ________

44. The 17th century globalization was in form of ________

45. Contemporary globalization is said to be _________ based

46. Man's inclination to injustice makes democracy __________

47. The end of the ___________ resulted in the first international monetary system

48. Critics maintain that emergent international monetary system exist to respond to the needs and policies of world ________

49. ________ exercise political power in neo-colonial states

50. What is regarded as periphery in the dependency theory is also known as _________