Chapter 9 Flashcards
Colonialism
System by which Western nations become wealthy by taking raw materials from other societies and ribbon profits from products finish in the homeland
Terrorism
The unlawful use of force or violence against people or property to intimate or state governments or population furtherance of political or social objectives
Semiperipheral countries
Semi industrialized countries that represent a kind of middle class within the world system.
Multinational corporations
Corporations that conduct business across national borders.
World cities
Cities that are closely linked through the system of international commerce.
Gross national income (GNI)
The total output of goods and services produced by residents of a country each year plus income from nonresident sources, divided by the size of population.
Commodity chain
The network of production and labor processes by which a product becomes finished commodity. Following the commodity chain, it is evident which countries can profits and which ones are being exploited.
Multidimensional poverty index
Measure of poverty that accounts for health education and standard of living.
Extreme poverty
Situation in which people live on less than two and 275 a year and 1.25 a day
Global stratification
The systematic inequalities between and among different groups within nations a result from differences in wealth, power, prestige of different societies relative to their position in the international economy.
Power
A person or group’s ability to assess influence and control over others
Neocolonialism
A form of control of poor countries by rich countries, but without direct political or military involvement.
Relative poverty
The definition of poverty that is sent in comparison to a set standard.
World systems theory
Theory that capitalism is a single world economy and that there is a worldwide system of unequal political and economic relationships the benefits the technological advance countries at the expense of less technologically advanced.
Global outsourcing
Process by which stores are located overseas even while supporting US-based businesses.
Dependency theory
The global theory maintaining that industrialized nations hold less industrialized nations in a dependent, exploitative, relationship that benefits the industrialized nations at the expense of the less industrialized ones.
International division of labor
System of labor whereby products are produced globally, while profits accrue only to a few.
Gini coefficient
Measure of income distribution within a given population.
Newly industrializing countries (NICs)
Countries that have shown rapid growth emerged as developed countries.
Peripheral countries
Poor countries, largly agricultural, having little power or influence in the world system.
Modernization theory
A view of globalization in which global developments is a worldwide process affecting nearly all societies that have been touched by technological change.
Absolute poverty
A situation in which individuals live on less than 365 dollars a year or a dollar a day.
Core countries
Within world systems theory, those measures that are more technologically advanced.
