Terms Flashcards
Troubles
Happen to individuals within their immediate range
Issues
Affect organizations and societies, not individuals
Social problems
Behaviours and conditions that objectively and subjectively harm a significant group of people
Intragenerational mobility
Comparing one’s first job to their current job
Intergenerational mobility
Comparing a parents job to the current job of their children
Ascription-based stratification system
Your families station in life determines your own fortunes
Achievement-based stratification system
Your own achievements determine your lot in life
Human capital
Investment in training and education
Social capital
Strong ties to high status individuals
Cultural capital
Social and financial capacity to acquire high status cultural signals
Monogenism
All humans deriving from a single source
Dependency theory
Rich countries impoverishing poor countries to enrich themselves
Core countries
Capitalist countries, the world’s major sources of capital and tech (US, Japan, Germany)
Peripheral countries
The world’s major sources of raw materials and cheap labour
Semiperipheral countries
Former colonies making headway in becoming prosperous
Modernization theory
The importance of values and norms as drivers of development (eg entrepreneurship)
Washington consensus
Neoliberalism approach; market liberalization, privatization, and austerity
Structural adjustment programs
IMF and the world Bank helping poor countries in debt in exchange for restructuring the country to benefit the lenders
Import substitution
Replacing foreign produced manufactured goods with local ones
Time-space compression
We are no longer slowed down by distance and time differences
Digital divide
Inequality of access to means of communication
Top-down globalization
Promoting globalized capitalism and free trade. Neoliberalism