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economic system
the way a society organizes the production, distribution, and consumption of goods and services. it determines what gets produced, who its produced and who gets what
what shapes an economic system?
culutral values and ideologies, political structure, historical development, technology and resources, global influences, social strucutres
global labour market inequality
refers to the unequal distribution of work opportunities, wages, working conditions, and job security across different countries, regions, and social groups in the global economy
countries
workers in the global south often receive much lower wages and the weaker labour protections than those in the global north, even when doing similar or more demanding work
social groups
within countries, women, migrants, racial minorities, and workers from lower socio-economic backgrounds tend to face discriminaiton, lower pay, and less secure employment
types of employment: informal economy
workers from the global south without contracts, benefits, or legal protections
types of employment: formal, regulated employment
workers from the global north with contracts, benefits, and legal protections
global stratification
refers to the unequal distribution of resources, wealth, power and opportunities between coutnries and within them.
gdi/gdp
represents the total income of a country divided by its populationand overve differences between wealthy and poor nations
gini coefficient
measures internal inequality, lower gini scores mean more equal income distribution, higher scores indicate greater inequality
3 domains of social exclusion
resources - material and economic, access to services and social resources
participation - economic, social, education and political participation
quality of life - health and well-being, the environment in which you live and crime levels in the are in which you live
factors that determine social class
income, wealth, occupation, education, social status
hdi
compares levels of human development across countries
3 dimensions of hdi
health, education, standard of living
core countries
highly industrialized and economically dominant
peripheral countries
less developed and exploited for their resources
semi peripheral countries
countries that possess both core and periphery countries
jean-jacque rousseau
wrote “a discourse of inequality”
a discourse of inequality: natural inequality
differences from physical or mental attributes (strength, intellingence, health)
a discourse of inequality: moral or political inequality
inequalities created by human conventions (wealth, power, privilege)
conflict theory
inequality arisses from power struggles between dominant and subordinate groups
functionalism
inequality is seen as a necessary mechanism to ensoure societsl stability and efficiency
symbolic interactionism
inequality is reproduced through social interactions and the meanings individuals attatch to their social postions
feminism
inequality is rooted in patriarchal systems that privilege men over women and other genders
karl marx
power is rooted between economic relations and the control of resources between the bourgeoisie and the proletariat
max weber
power is derived from class, status, and political party and individuals compete for these aspects