Wealth and Poverty in the World
WHAT IS GLOBAL STRATIFICATION?
- the categorization of countries based on objective criteria, such as wealth, power, and prestige, which highlight social patterns and inequality throughout the world
WHAT ARE THE THEORIES BEHIND GLOBAL STRATIFICATION?
- world systems theory: the world is divided by its connection to economic power
neocolonialism: powerful nations use loans and economic power to maintain control over poor nations
- globalization: a complex process by which the world and its international economy are becoming more and more intertwined; some argue that an aspect of globalization is exploitation. Others suggest that it is the only hope for poor nations.
WHAT IS BEING DONE TO ASSIST UNDERDEVELOPED COUNTRIES?