SOC100H1 Lecture Notes - Lecture 8: World Economy, Human Capital, Human Development Index

• School: UTSG
• Department: Sociology
• Course: SOC100H1
• Professor: Tepperman

Document Summary

Global inequality = the widely different opportunities people in different societies have for securing a good life. The top (cid:1006)(cid:1004)% o(cid:374) the (cid:449)orld"s populatio(cid:374) (cid:272)o(cid:374)trol o(cid:448)er 8(cid:1004)% of the (cid:449)orld"s (cid:449)ealth. Wellbeing is distributed over the world, high income in the global north, poor in the global. Hdi: a tool de(cid:448)elop(cid:373)e(cid:374)t (cid:271)(cid:455) the u(cid:374) to (cid:373)easure (cid:272)ou(cid:374)tries" le(cid:448)els of hu(cid:373)a(cid:374) de(cid:448)elop(cid:373)e(cid:374)t. Includes: standard of living, life expectancy, human capital (cid:862)values argu(cid:373)e(cid:374)t(cid:863) certain values and attitudes are necessary to produce modernization and prosperity (cid:862)i(cid:374)stitutio(cid:374)s argu(cid:373)e(cid:374)t(cid:863) modernization requires stable government, rule of law, and stable economic markets. Failed states = have fragile political order that endangers its citizens. High degrees of racial, gender, and income inequality. Developed strong central governments, large bureaucracies, and large armies.