SOCI 1002 Chapter Notes - Chapter 10: Gross National Income, Capital Flight, International Inequality
Document Summary
Global inequality: resources in nation affecting opportunities in poor countries. Functionalist perspective: why we have global inequality and what social purposes it serves. Some countries are better than others at adapting to new tech. Symbolic interaction: day to day impact of global inequality + meaning people attach to stratification. How people in core nation defines poverty vs people in peripheral nations defining poverty. Economic inequality , gender inequality, social inequality tied to this. Idea that non-industrialized countries are inferior through terms like developing/developed. Divide world into first world(canada, usa, japan), second world (socialist/soviet), third world(poor undeveloped latin america, asia), fourth world(minority without political voice- homeless, prisoners) Economic and political basis to understand global inequality. Core nations - dominant capitalist countries that are highly industrialized. Peripheral nations - little industrialization, unstable government, economically dependent. Semi-peripheral nation- not powerful enough to dictate policies, but act as a major source of raw material.