Chapter 10 Flashcards
Core nations
Capitalist, industrialized, technological, urbanized. NAFTA leverage
Global stratification
Unequal distribution among nations
Peripheral nations
Little industrialization but have means of production. Unstable gov and social programs. Where clothes are mad, Guatemala, Colombia
Semi- peripheral nations
Act as source for raw materials for core nations. Mexico
Gross national income
All goods and services and met invoke outside of country in US dollars
Capital flight and deindustrialization
Movement of capital from one area to another. Deindustrialization comes as a result
Middle income
Biggest problem is debt accumulation
Low income
Global feminization
Relative poverty
Can afford necessities but don’t meet standard of living. Joneses
Absolute poverty
Lack basic necessities. Less than a dollar a day
Subjective poverty
Income doesn’t meet expectations. How you see yourself
Impoverished
Asia, Africa, Latin America. All former colonies
Modernization theory
Low income countries can improve by; adjusting cultural values towards work and industrialization. Bias: assumes everyone had same resources
Dependency theory
Caused by core nations exploiting peripheral
A functional theorist note wealthy corporations improve the quality of life by providing them with
Jobs