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Chapter 8
Global Stratification
20
Sociology
Undergraduate 1
10/22/2012

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Cards

Term
Three Worlds Approach
Definition
After WWII, 1st world was U.S., Canada Japan
2nd was China
Term
Levels of development
Definition
most controversial; underdevelopment nations emerged after Marshall Plan
Term
Marshall Plan
Definition
rebuilt Europe so tried to rebuild other nations
Term
GNI
Definition
Gross National Income-all goods and services produced in a country in a given year and net income earned outside country
Term
standard of living
Definition
material well being that can be measured by quality of foods and services that may be purchased by nations per capital income
Term
low income economy
Definition
GNI per capita 935 dollars or less (49)
Term
middle income economy
Definition
GNI per capita less than 11,455 (95)
Term
high income economy
Definition
GNI per capita more than 11 456
Term
capital flight
Definition
movement of jobs and economic resources from one nation to another
Term
deindustrializaion
Definition
closing of plants because workers are hired for cheaper
Term
GDP
Definition
gross domestic product-all goods and services within a country's economy within a year
Term
subjective poverty
Definition
comparing actual income against income earner's expectations
Term
Gini coefficient
Definition
(0-100) measures inequality 0 being all equal and 100 being owned by one person
Term
Human Development Index
Definition
3 criteria= life expectancy, education and living standards
Term
Modernization Theory
Definition
links global inequality to different levels of economic development
Term
4 stages of modernization theory
Definition
traditional, take off, technological maturity and high mass consumption
Term
Dependency Theory
Definition
global poverty attributed to high income nations exploiting low income nations
Term
World System's Theory
Definition
countries incorporation into capitalist is in hierarchy of 3 types-
core nations, semiperipheral nations, peripheral nations
Term
maquilidora
Definition
factories by low wage workers to keep prices down
Term
New International Division of labor
Definition
commodity production is split into gragments that can be moved to whichever part of the world is best for capital and labor
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