Sociology 1025A/B Lecture Notes - Lecture 2: Per Capita Income, Structural Adjustment, Developing Country
Document Summary
Globalization of production will bring employment to the developing world. Transition institutions have helped support development in many countries. Developing nations that opened up to trade. Per capita income increased by four times, 1950 to 2000. Effects of globalization are determined by social inequality. 1. 2 billion people live below the international extreme poverty line, The gap between wealthy and poor, and between rich nations and poor nations, has increased over time\ Jobs exported to countries with lower wages and poorer working conditions. Affects wages and working conditions in the developing and developed worlds. What we experience as individuals is experienced on a global scale. In egalitarian countries where the gap between the rich and poor is less, Every aspect of social experience is improved. The imf and wold bank are not accountable to the people they are helping. Structural adjustment programs require reduced spending on social programs. Funded nations are not permitted to subsidize agriculture.
