Emerging Economies quiz

More questions about Emerging Economies

These visible examples show the question style. LearnClash turns the full topic into ranked duels and spaced repetition.

1. 1 Easy

   Whose economist coined the term BRIC in 2001?

   Answer: Goldman Sachs

   Why: The 2001 paper wrote it as BRICs, with a small plural s, years before South Africa's entry made the S a country.

2. 2 Medium

   Which 1989 label summed up ten reform rules for Latin America?

   Answer: Washington Consensus

   Why: Economist John Williamson named it for ten policies he thought nearly everyone in Washington agreed Latin America needed.

3. 3 Hard

   Where did the first BRIC leaders' summit take place in 2009?

   Answer: Yekaterinburg

   Why: At that summit the leaders called for emerging economies to get a bigger say in international financial institutions.

4. 4 Easy

   What currency did Brazil launch in 1994 to end hyperinflation?

   Answer: Real

   Why: On 1 July 1994 each new real replaced 2,750 of the old cruzeiros reais.

5. 5 Medium

   Which trap did the World Bank say held back 108 countries in 2024?

   Answer: Middle-income trap

   Why: Only 34 middle-income economies have climbed to high-income status since 1990, the World Bank found.

6. 6 Hard

   Which 1980 line on maps splits the richer North from the poorer South?

   Answer: Brandt Line

   Why: To take in Australia and New Zealand, the line dips far into the Southern Hemisphere.