Week 11: Global inequity and poverty Flashcards
Commonly said statistic is that the worlds richest 1% have how much of the worlds wealth?
99%
What are some ways to bridge the gap between the wealthy and poor?
Equal pay for women
No tax dodging for rich corporations and people
Fair minimum wage
Invest in universal free health and education
Why should people in power worry about the growing poor population?
Growing sense of mistrust and unhappiness with the system and feeling insecure
How has the gap got so big between rich and poor?
Banks and corporations have bought power from politicians and they are therefore more powerful.
Banks and companies also have loop holes and global power
Stocks, shares and taxed to lightly
Tax havens
Inheritance laws
Has modernity shaped countries the same or differently?
Differently.
Multiple modernities that share the common elements of industrialisation, urbanisation and rationalisation, yet display cultural and institutional differences in religion, individualisation, politics and economics.
What are the three categories of modernities?
low-income societies
middle-income societies and
high-income societies.
What are some of the high income countries?
America, Canada, Australia and Japan, contain 15% of the world’s population. These countries are highly individualised and possess 79% of the world’s wealth.
What are some of the middle income countries?
Middle East, Central and South America, East and South East Asia, and Eastern Europe. These countries contain 45% of the world’s population and possess 18% of the world’s wealth.
What are some of the low income countries?
Eastern, Western and Sub-Saharan Africa, Indonesia, Pakistan, India, Georgia, Ukraine, Haiti, and Nicaragua. These countries contain 40% of the world’s population and possess 3% of the world’s wealth.
What are three main sociological theories of development that may help our analysis of global inequality?
market-oriented theories
dependency and world systems theories
state-centred theories.
What is market-oriented theories?
focuses on the laws of the free market. The free market refers to a capitalist economic order in which prices are set based on competition. … The model is commonly applied to wages, in the market for labor. The typical roles of supplier and consumer are reversed.
What is dependency and world systems theories?
Dependency Theory says the poor periphery countries are exploited for the benefit of enriching core countries. Dependency Theory is a precursor of World Systems, and while it is largely defunct as political theory, a lot of the basic ideas can be found in more modern political and economic models.
What is state-centred theories?
is a political theory which stresses the role of the government on civil society. It holds that the state itself can structure political life to some degree independently of the way power is distributed between classes and other groups at a given time.
