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Exam (elaborations)

PSC Final Exam Questions and Complete Solutions Graded A+

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PSC Final Exam Questions and Complete Solutions Graded A+

Institution
PSC Finance And Business Skills
Module
PSC Finance and Business Skills

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PSC Final Exam Questions and
Complete Solutions Graded A+
Confucianism - Answer: Original ideological/semi-religious faith in China. Contained meritocracy and the
Mandate of Heaven.



Warlord Period - Answer: 1912-1949. Foreign occupation and civil war between GMD, CPC, Japan, and
Cliques



Sun Yat-sen's Ideas - Answer: Nationalism, expelling foreign influence, rights of the people (eventual
transition to democracy), renovation/construction of public works.



Mao's ideals - Answer: Mass line (rule of the masses), campaigns (Great Leap Forward), class struggle,
and simple living



Chinese Communist Party organization - Answer: Gen. secretary > Standing Com. > Politburo >
CenComm > National Party Congress > lower levels



National Party Congress elections - Answer: 5 years. CenComm meets biannualy.



China's governmental organization - Answer: Standing Comm. (separate from CPC) above National
People's Congress. Pres is usually GenSec. Below them are premiers and Vpremiers (elected by NPeC).



China's challenges - Answer: population growth, corruption, removal of safety nets, pollution, ineffective
SOEs, growing urbanization



Endogenous democracy - Answer: As wealth rises, it becomes more difficult to manage auth. regimes.
Type of growth matters. Investiment as opposed to commodity growth leads to easy transitions. Discuss
economic interplay



Prebendalism - Answer: A process where "quid pro quo," nepotism, favoritism, and corruption affect
policy-making. Compare with competitive authoritarianism based on ethnic clients.

, Brazil's military - Answer: Substantially independent from legislature and President. Has caused multiple
coups, including the 1930 one that brought Vargas to power.



Getulio Vargas - Answer: Dictator of Brazil 1930-1945 and briefly afterwards. Centralized Brazilian state
(as did military juntas).



National Bank for Economic and Social Development - Answer: Technocratic and efficient arm of the
Brazilian state that organized SOEs, but now helps driving centralization.



Brazilian police - Answer: Nominally independent, in practice under military control or influence.



Clientelism - Answer: A process where "quid pro quo," nepotism, favoritism, and corruption affect
policy-making. Compare with competitive authoritarianism



Federation of Sao Paulo Businesses - Answer: Brazilian NGO that regulates almost all business in Brazil.



Luiz Inacio Lula da Silva - Answer: Workers Party (PT) President from 2003 to 2011. Mixed economy with
strategic SOEs and safety nets.



Juntas and economy - Answer: Militaries try to nationalize the country's economies and natural
resources. Path to elitism in the economy.



Brazilian economic miracle - Answer: Brazil's junta was one of the few to //grow// the economy
under/after junta by using Import Substitution Industrialization



Import Substitute Industrialization - Answer: Trade and economic policy based on premise that a country
should substitute imported products with locally produced substitutes. Mercantilist
(restrictive/nationalistic) policy.



Benefits of Import Substitute Industrialization - Answer: Increases domestic employment; reduces
foreign dependence; more resilient to global market shocks; increases development of more diversified
economy

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Institution
PSC Finance and Business Skills
Module
PSC Finance and Business Skills

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Uploaded on
January 6, 2025
Number of pages
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Written in
2024/2025
Type
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Questions & answers

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