Overview of key concepts related to sociology and global stratification.
Definition: Concentration of resources in core nations and among a wealthy minority.
Global Stratification: Unequal resource distribution between countries.
GINI Coefficient: Measures income inequality on a 100-point scale.
Gross National Income (GNI): Includes GDP plus overseas income.
Human Development Index (HDI): Measures health, education, and income to assess economic opportunities.
Developed to focus on people rather than just economic metrics.
Considers three dimensions: health, knowledge, and living standards.
Averages individual values for the final HDI value.
Examples of income levels in selected countries (e.g., Colombia, Sierra Leone, Ukraine, Vietnam).
First World: Industrialized capitalist democracies.
Second World: Moderate economies.
Third World: Poor, unindustrialized countries.
Fourth World: Marginalized groups without representation.
Core Nations: Dominant capitalist countries.
Peripheral Nations: Economically dependent with lower industrialization.
Semi-Peripheral Nations: Intermediate nations influencing global market.
Defined by a GNI of at least $12,536 per capita.
Capital Flight: Movement of capital to other nations.
Deindustrialization: Loss of industrial production to lower-cost nations.
Classification: Lower middle and upper middle income based on GNI.
Debt Accumulation: Countries borrowing money for expansion.
Defined with a GNI of $1,035 per capita or less.
Impact on women disproportionately affected by poverty.
Economic classifications change due to social/political conditions.
Examples of nations moving up or down classifications (e.g., Nepal, Sudan).
Relative Poverty: Inability to meet societal living standards.
Extreme Poverty: Struggling to afford basic necessities.
Subjective Poverty: Based on personal expectations versus actual income.
Women disproportionately affected by poverty due to structural inequalities.
Potential Causes: Rising woman-headed households and neoliberal policies impact on rights and economic opportunities.
Highlighting poor working conditions and exploitation in clothing manufacturing.
Activism against labor exploitation and demand for better practices.
Relation of poverty to hunger exacerbated by environmental issues like drought.
Chattel Slavery: One person owning another
Debt Bondage: Servitude to repay debts.
Modern Slavery: Includes human trafficking and forced labor.
Theory that suggests industrialization can improve economies of low-income countries.
Explains global inequity as exploitation by core nations of peripheral and semi-peripheral nations.