SOCI 2510 Chapter Notes - Chapter 12: Multinational Corporation, International Inequality, Neocolonialism
Document Summary
Global stratification patterns of social inequality in the world as a whole. High-income countries the nations with the highest overall standards of living. Middle-income countries nations with a standard of living about average for the world as a whole. Low-income countries nations with a low standard of living in which most people are poor. Colonialism the process by which some nations enrich themselves through political and economic control of other nations. Neocolonialism a new form of global power relationships that involves not direct political control but economic exploitation by multinational corporations. Multinational corporation a large business that operates in many countries. Modernization theory a model of economic and social development that explains global inequality in terms of technological and cultural differences between nations. Dependency theory a model of economic and social development that explains global inequality in terms of the historical exploitation of poor nations by rich ones.
