SOC 248 Study Guide - Midterm Guide: General Agreement On Tariffs And Trade, Neoliberalism, Female Genital Mutilation

• School: Stony Brook University
• Department: Sociology
• Course: SOC 248
• Professor: Caglar Cetin, Samee Shirazi, Tiffany Joseph

Document Summary

Differences between capitalism, communism, and role of liberalization. The interaction and integration between people, governments, and economies through technology and trade. Communism- based on common ownership for common good. Neoliberalism- based on free market, free trade, no tariffs. Tariffs are put on foreign goods so people buy local goods. Protestant work ethic & spirit of capitalism. If you modernize poor countries then it will create conditions for a stronger economy and to reduce poverty. The poor is made poor through capitalism due to exploitation and colonial. Countries that struggle financially struggle because of their position. Dependency theory and modernization explain why poor countries stay poor. The world is divided into interrelated core (rich) countries that are enriched by. 1. 3 billion people live in extreme poverty (1 in every 6) Labor system that exists where each person contributes to something. Different workers are fit to complete different tasks. Get no pleasure from work, it soon has no importance.