13. According to the IMF and the World Bank, Structural Adjustment Programs aim to:
a. Reduce developing nations' spending on healthcare and education
b. Ensure debt repayment and economic restructuring
c. Create poverty
d. Promote the presence of multinational corporations in these countries
14. Which of the following is NOT an effect of structural adjustment programs?
a. Lower standard of living for poor nations
b. Increased exporting of raw materials
c. Increased value of labor
d. Decreased consumption in poor countries
15. The implementation of Western and IMF-inspired austerity measures in the Soviet Union led to:
a. Increases in interest rates
b. Proliferation of capitalism
c. Bipolarity of the Cold War era
d. Decline in standard of living and explosion of organized crime
16. The Globalization Project rejected economic nationalism because:
a. Economic nationalism obstructed the mobility of transnational corporations, goods, and money
b. Economic nationalism encouraged countries to participate in the world market
c. Economic nationalism focused too much on the relationships outside the Third World
d. Economic nationalism was driven largely by consequences of colonialism