Global Inequality Flashcards
What is the difference between social and global stratification?
social stratification = ranking of factors related to unequal distribution of wealth, power, prestige among individuals
Global stratification = unequal distribution among nations
What is the difference between income and wealth?
Income = money received for work or investments
Wealth = all of our material possessions including income
What is a quintile?
Households in Canada are divided into five groups called quintiles to measure wealth
What are the features of modernization theory?
Believes nations move through natural stages towards stability, capitalism, democracy.
Traditional
Industrialization
Maturity
Age of mass consumption
Low-income countries can improve through change of attitudes and industrialization
Ethnocentric
What is the World Systems Approach?
hierarchy created by power and colonialism that make some nations subordinate to others.
What is a core, semi-peripheral, and peripheral nation?
Core = dominant, highly industrialized, technological
Semi- peripheral = in-between, not powerful enough to dictate policies, used as a source of raw materials, may exploit peripheral nations
Peripheral = low-income, resources exploited, industrialization controlled by core nations, unstable governments
What is capital flight and how does it affect deindustrialization?
Capital flight is the movement of manufacturing or services from one nation to another resulting in the lose of jobs.
Causing deindustrialization when no companies move in to fill gaps
What is the difference between absolute, transitional, marginal, residual, and relative poverty?
Absolute = cannot afford minimal standard of living Transitional = temporary poverty caused by loss of job Marginal = lack of stable employment Residual = chronic and generational poverty Relative = can afford basic needs but don't meet average standard of living
What three factors determine the impact of poverty?
Depth
Breadth
Duration
What is dependence theory?
Inequality caused by core nations exploiting others, causing a cycle of dependency; as long as this is the case low-income nations can never achieve economic growth
What is the focus of globalization theory?
The flow of capital between countries in an interconnected world
What is the difference between the upper middle class and middle class?
Upper middle class = very comfortable, high paying occupations, not elite, well educated
Middle class = skilled workers, some occupational prestige, if two parents both must work, have some education, moderate incomes
What is the difference between working class and lower class?
Working class = manual labour, high school diploma, lack formal education, paid hourly
Lower class = living in poverty
What is the urban underclass?
Living in disadvantaged neighbourhoods characterized by poverty, unemployment, family disruption
What is the difference between horizontal and vertical mobility?
Horizontal = movement within same social class Vertical = movement between social classes