AIR 57 · CSE 2022 · GS3 · 52 pages

Aditi Varshney: GS3 answer copy

20 answers by Aditi Varshney, as written in the test. Each question opens a page with how other toppers answered it.

The questions

The answers

Question 1 · 10 marks · 167 words written

What do you understand by developing economies? By highlighting their characteristics, analyze whether these economies are victims of neo-colonialism?

Opening

Developing economies are the less developed economies compared to the ones like Australia, US, UK etc - in different spheres like economy, social development etc. es → India, Brazil

Body · points and prose

Characteristics of Developing Economies

(1) Lack of Robust Industrialization es → India's Manufacturing & Industry Base is still weak. (2) Per capita incomes are lesser than developed economies. → decided by World Bank (3) A particular threshold of trade and BoP. (4) Poor socio-economic indicators like

Human development Index etc.

Victims of neo colonialism

Neo-colonialism refers to the practises of the developed world to interfere and mould policies in the developing economies to suit them.

→ Institutions like World Bank, IMF - gives conditional loans eg> India had to bring LPG reforms in 1991. → Conditional credits & debt trap diplomacy. eg> BRI China. → Hegemony in culture and political advancements eg> Democracy Summit by Biden → Pressurising economies on their nuclear armament & sanctions eg> Iran

Close

The core-periphery divide is a result of systemic exploitation