SOC 110 Chapter Notes - Chapter 8: World Bank High-Income Economy, Gini Coefficient, Gross National Income
25 Nov 2016
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Document Summary
Ideal of development has become one of the primary means used in attempts to reduce social. Global stratification: unequal distribution of wealth, power, and prestige on a global basis, resulting in people having vastly different lifestyles and life changes both w/in and among the nations of the world and economic inequalities. What terminology should be used to refer to the distribution of resources in various nations. 1, 2, 3rd world nations distinguish on the basis of their levels of economic development and standard of living of their citizens. Gross national income (gni): all the goods and services produced in a country in a given year the country could also be reduced. World bank classifies nations into 4 economic categories and established the upper and lower limits for the gni in each category. 1)low-income economies - gni per capita of less than ,033 and children are most affected. 2)middle-income economies - gni per capita between ,036-4,085.
