SOC101Y1 Lecture Notes - Lecture 16: Working Class Culture, Millennium Development Goals, Nationstates
Document Summary
Bottom 80% own less than 6% of the global wealth (4/5 of the world"s population own 1/20 of the world"s wealth) Next 19% own 46% of global wealth. Top 1% own 48% of the global wealth. In a 35 year period -> increase in goods and resources in canada, usa, etc. Gdp = dollar value of goods and services produced in a region in a year (per capita = per person) Dependency theory: less developed countries = deficient; depends on relationship with more developed countries. Weld of some economies = dependent on existing global inequality (accumulation of resources in one country = dependent on other countries not having resources) Industrial revolution -> britain, france, spain, portugal, netherlands, belgium, italy, Russia, us to amass enormous wealth -> powerful armed forces to subdue and annex or colonize most of the rest of the world between the middle of the 18th and middle of the.
