1. What is the Stages of Economic Growth model and what assumption did Rostow make about all countries?

2. How does Rostow's theory differ from the Demographic Transition Model in terms of focus?

3. What are the key characteristics of the Take-Off stage and how does it differ from the Preconditions for Take-Off stage?

1. What are the main weaknesses of Rostow's model regarding cultural differences and sustainability?

2. How did Rostow's model fail to recognize the role of exploitation in economic development?

3. Why does Rostow's model have a narrow focus when applied to the modern global economy?

1. What is World Systems Theory and how does it differ from Rostow's model in explaining global inequality?

2. What are the characteristics of core, semiperiphery, and periphery countries in Wallerstein's model?

3. How do core countries maintain dominance over semiperiphery and periphery countries?

4. What examples demonstrate that countries can change categories within the world system?

1. What are the main criticisms of Wallerstein's World Systems Theory regarding culture and practical application?

1. What is commodity dependence and why is there a strong correlation between it and low economic development?

2. What factors cause commodity prices to fluctuate and how do these fluctuations affect commodity-dependent countries?

3. How did the United Arab Emirates reduce its vulnerability to oil price fluctuations?

1. What is comparative advantage and how does it explain why countries trade with each other?

2. What is complementarity and how does it facilitate trade between countries?

3. What happens to trade patterns when complementarity does not exist between countries?

1. What technological changes have most significantly increased international trade in recent decades?

2. How has the Internet affected the efficiency of trade and expanded markets for consumers and producers?

1. Why did industrializing countries initially impose trade barriers, and what changed as they grew wealthier?

2. What are neoliberal policies and which leaders were leading advocates for them in the 1980s?

3. What are examples of recent factors that have decreased international trade?

1. What are the main types of government incentives used to stimulate economic development?

2. What conditions do governments typically require companies to meet in exchange for development incentives?

1. What are trading blocs and what are examples of regional and global trading organizations?

2. How does the European Union differ from most other trading blocs?

3. What is the role of the World Trade Organization and how many countries does it represent?

1. Why have companies moved industrial production from core countries to semiperiphery countries?

1. How can economic growth in one country create opportunities in other countries?

2. What were the multiple economic impacts when oil prices dropped in mid-2014?

1. What is the International Monetary Fund and what are its main functions?

2. What are the benefits and risks associated with large-scale development projects funded by international financial institutions?

3. How do microloans differ from large-scale project loans in supporting economic development?