Global Inequality

Question 1

Globalization

Answer 1

The growing economic, political, and social interconnectedness of the world

Question 2

Global income distribution

Answer 2

How a country’s total GDP is distributed amongst its population

Question 3

Neoliberalism

Answer 3

The economic belief that free-market forces will provide the greatest economic benefit to the widest range of people

Question 4

Dependency theories

Answer 4

Marxist theories of economic development that argue that the poverty of low-income countries stems directly from their exploitation by wealthy countries

Question 5

World-systems Theory

Answer 5

Pioneered by Immanuel Wallerstein, this theory emphasizes the interconnections among countries based on the expansion of a capitalist world economy

Question 6

World-systems Theory Economic Zones

Answer 6

This economy is made up of core, semi periphery, and periphery countries

Question 7

Theory of global capitalism

Answer 7

The current transnational phase of capitalism

Question 8

Transnational capitalist class

Answer 8

A social class whose economic interests are global rather than national, who share a globalizing perspective and similar lifestyles, and who see themselves as cosmopolitan citizens of the world