SOC 248 Study Guide - Midterm Guide: Offshoring, Skill, Double Burden

• School: Stony Brook University
• Department: Sociology
• Course: SOC 248
• Professor: Rebekah Burroway

Document Summary

Measure of income inequality based on proportions of population and income share. It"s de(cid:272)li(cid:374)i(cid:374)g i(cid:374) (cid:271)igger (cid:272)ou(cid:374)tries like india and china and not a lot in developing countries. Capitalis(cid:373) (cid:271)ri(cid:374)gs e(cid:272)o(cid:374)o(cid:373)i(cid:272) gro(cid:449)th, (cid:271)ut (cid:449)o(cid:374)"t (cid:271)e(cid:374)efit all. Emphasis on economic growth through trade, foreign investment, industrialization (rooted in neoliberalism). There"s a (cid:449)orld e(cid:272)o(cid:374)o(cid:373)i(cid:272) system where some countries benefit while others are exploited (rooted in marxism). No country is purely capitalist, with no government involvement. Countries have shown to improve child poverty rate after government intervention. Although the economy is growing, it is not benefiting everyone. Geography has an influence in the development of the country. Hard to make sure where the money goes. Corruption is present in giving and receiving country. How does the division of labor affect society? (smith, ricardo, marx, durkheim) Smith: (cid:449)he(cid:374) (cid:449)orkers spe(cid:272)ialize, they"re (cid:373)ore effi(cid:272)ie(cid:374)t. effi(cid:272)ie(cid:374)t produ(cid:272)tio(cid:374) + (cid:373)arkets = (cid:449)i(cid:374) (cid:449)i(cid:374) for everyone. Comparative advantage + world trade = win win for everybody.