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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?

  • foreign aid, CUSO-VSO