Chapter 9: Key Issue 4Why Do Less Developed Countries Face Obstacles to Development?1. Complete the pie charts below using information from your textbook. Population of the world Percentage of the world’s resources used by people living in MDCs living in MDCs living in LDCs living in LDCs2. Describe the basic components of the theory of development through self-sufficiency.3. Explain the problems that the self-sufficiency approach to development had in India.4. Summarize W.W. Rostow’s model for development through trade. • The traditional society • The preconditions for takeoff • The takeoff • The drive to maturity • The age of mass consumption5. The “Four Asian Dragons” have been used as an example for the success of Rostow’s model. Identify the four dragons, and then explain how their success.6. How have the Arabian Peninsula States used petroleum for their development?7. Identify and explain the problems associated with the International Trade model for development. 214
8. Compare India’s GDP growth between 1960-1990 (under self-sufficiency) and since 1990 (under international trade)? Compare that growth to other Asian countries that followed the international trade model of development.9. Describe the ways the World Trade Organization (WTO) works to reduce barriers to international trade.10. Please describe the United Nations Monetary and Financial Conference in Bretton Woods, New Hampshire.11. Please explain the roles of the following organizations.• International Bank for Reconstruction and Development (IBRD)• International Development Association (IDA)• International Monetary Fund (IMF)12. List some failures of the World Bank.13. What is a “structural adjustment program”? Describe the criticisms of some of the programs.14. Define fair trade.15. Complete the chart below by making noted on fair trade. Fair Trade Fair Trade Producer Standards Fair Trade Worker Standards Glue this part of the page into your notebook.