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Global Inequality
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Global Stratification
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sociology chp 10

QuestionAnswer
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
Created by: carrey1
 

 



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