1.How does the Washington Consensus differ from the Santiago Consensus?
2.What economic benefits might a developing country gain by reducing corruption? Discuss only economic benefits and provide examples from specific developing countries.
- What economic variables would you need to consider in order to distinguish between a developing country with a short-term balance of payments problem and one in a debt crisis? Explain what data you would need to look at and why.
- Explain the motives of developed countries in providing foreign aid.
- Compare and contrast the workings of the organized and unorganized money markets in developing countries.
- What are some of the major characteristics of financial repression? To what degree may financial liberalization be expected to address the issue of inadequate saving?
- Describe the costs and benefits of privatization of state-owned enterprises. In which cases would privatization seem most advisable?