POL223

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

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

C. ________ exploits the metropolitan centre of the underdeveloped country

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

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

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

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

H. _________ 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

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

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

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

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

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

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

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

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

Q. _________ is regarded as religion without a god

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

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

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

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

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

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

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

Y. Lenin described imperialism as _________ stage of capitalism

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

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

AB. Man's inclination to injustice makes democracy __________

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

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

AE. ________ exercise political power in neo-colonial states

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

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

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

AI. Nkrumah defined _______ as the last stage of imperialism

AJ. ________ was the first European colonial power in Africa

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

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

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

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

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

AP. __________ constitutes the decisive factor of the production process

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

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

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

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

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

AV. Contemporary globalization is said to be _________ based

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

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