SOC 3380 Lecture 4: SOC 3380- Week 4

• School: University of Guelph
• Department: Sociology
• Course: SOC 3380
• Professor: Anthony Winson

Document Summary

Raises standard of living and general welfare (better food, health, lower infant mortality, longer lives, cheaper travel, cheaper long distance phone calls etc) Corporative advantage (all countries should involve in trade) Differences between perspectives on globalization? (institutionalists) going to be good but cause problems and we need institutions to balance out inequality from globalization. Argue dramatic rise in global inequalities: top 20% Different types of inequality: concept 1- income convergence/divergence among nations. Per capita income increased in poor country wth small pop will not have same impact as increase on poor with large pop. Concept 2- inequality measured by weighting each country by its population- low cost option-only need mean income (gdp/capita, and population) But, concept 2 does not take into account within country inequalities- assumes each person has the same income in each country. To calculate true global inequality across individuals need household survey data/ country. This is expensive and hard to come by for some.