Global Inequality

Question 1

Global Inequality

Answer 1

the unequal distribution of resources, opportunities, and power that shape well-being among the 8 billion individuals on our planet

Question 2

GINI Coefficient

Answer 2

measurement of income inequality between countries – 1= complete inequality

Question 3

Global Stratification

Answer 3

unequal distribution of resources in core nations

Question 4

Global Classifications

Answer 4

First World, Third World, etc, High Income, Low Income, etc

Question 5

World Systems Approach (Wallerstein)

Answer 5

Core Nations: highly industrialized, high profit consumption goods
Peripheral Nations: low industrialized, cheap labor, raw materials
Semi-Peripheral Nations

Question 6

Modernization Theory

Answer 6

low income countries can improve their standing through industrialization of infrastructure and a shift in cultural attitudes towards work

Question 7

Capital Fight

Answer 7

the rapid flow of assets or money out of a country due to an event of economic consequence or a political event such as regime change or economic globalization

Question 8

Deindustrialization

Answer 8

decline of industrial activity in a region or country, often accompanied by the relocation of manufacturing jobs to locations with lower labor costs

Question 9

Human Development Index

Answer 9

a summary measure of a country’s average achievements in three basic aspects of human development: health, knowledge, and standard of living

Question 10

Consumerism

Answer 10

the aspirations of many individuals include the acquisition of goods and services beyond those necessary

Question 11

Global Poverty

Answer 11

condition of deprivation characterized by a lack of access to essential resources and basic necessities required for a healthy and dignified life

Question 12

Relative Poverty

Answer 12

defines poverty as a shortage of resources compared to the prevailing standards of a time and place

Question 13

Absolute Poverty

Answer 13

a state where an individual or household lacks the means to meet their basic needs

Question 14

Subjective Poverty

Answer 14

the individual’s perception of their own economic situation, often defined as a feeling of financial difficulty or scarcity

Question 15

Modern Day Slavery

Answer 15

exploitation where one person controls another for profit by exploiting a vulnerability, often through force, fraud, or coercion

Question 16

Dependency Theory

Answer 16

wealth of rich countries is built on the exploitation of poor countries and the dependency on the rich countries