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sociology chp 10
Question | Answer |
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Global Inequality | the concentration of resources in core nations and in the hands of a wealthy minority |
Global Stratification | the unequal distribution of resources between countries |
GINI coefficient | measures income inequality between countries using a 100-point scale on which 1 represents complete equality and 100 represents the highest possible inequality |
Gross National Income | A calculation of national wealth representing all the income earned by a nation and its people. The number includes the nation's gross domestic product plus the income it receives from overseas sources |
Human Development Index | expresses the capabilities of people's potential achievement. The index is calculated using data regarding people's lifespan, education, and income. |
First World | used to describe industrialized capitalist democracies |
Third World | refers to poor, unindustrialized countries |
Second World | describes nations with moderate economies and standards of living |
Fourth World | describes stigmatized minority groups who have no voice or representation on the world stage |
Core Nations | dominant capitalist countries |
Peripheral Nations | nations on the fringes of the global economy, dominated by core nations, with very little industrialization |
Semi-Peripheral Nations | are in-between nations, not powerful enough to dictate policy but acting as a major source of raw materials and an expanding middle class marketplace |
Capital Flight | refers to the movement (flight) of capital from one nation to another, via jobs and resources |
Deindustrialization | refers to the loss of industrial production, usually to peripheral and semi-peripheral nations where the costs are lower |
Relative Poverty | the state of poverty where one is unable to live the lifestyle of the average person in the country |
Extreme Poverty | the state where one is barely able, or unable, to afford basic necessities |
Subjective Poverty | a state of poverty composed of many dimensions, subjectively present when one’s actual income does not meet one’s expectations |
Global Feminization of Poverty | a pattern that occurs when women bear a disproportionate percentage of the burden of poverty |
Chattel Slavery | a form of slavery in which one person owns another |
Debt Bondage | the act of people pledging themselves as servants in exchange for money for passage, and are subsequently paid too little to regain their freedom |
Modernization Theory | a theory that low-income countries can improve their global economic standing by industrialization of infrastructure and a shift in cultural attitudes towards work |
Dependency Theory | a theory which states that global inequity is due to the exploitation of peripheral and semi-peripheral nations by core nations |