SOC101Y1 Lecture Notes - Lecture 15: International Inequality, Neocolonialism, Dependency Theory
Bottom 80% own less than 6% of global wealth
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Next 19% own 46% of the global wealth
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Top 1% own 48% of global wealth
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29 million in U.S.
▪
4 million in Germany
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3 million in France
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3 million in Italy
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3 million in the UK
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2 million in Canada
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7 million in other
▪
Where do they Live?
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Acceleration of global inequality - always increasing gap
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Capital
Western business techniques
Stable governments
A Western mentality emphasizing savings, investment,
innovation, education, high achievement, and self-control in
having children.
Global inequality results from inadequacies in poor societies
themselves, including lack of :
□
If more organized government / society, stronger economy
□
Citizens responsible too - don't have desire for innovation /
entrepreneurship, don't privilege education? --> will and effort play
a role
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Modernization Theory
▪
Make other countries work for them
Surplus value from labour / selling of products
Industrial Revolution enabled Britain, France, Spain, Portugal, the
Netherlands, Belgium, Italy, Russia, and the US to amass enormous
wealth, which they used to establish a powerful armed forces to
subdue and then annex or colonize most of the rest of the world
between the middle of the 18th century
□
For 250 years, most powerful countries in the world have
impoverished the least powerful countries as a matter of state policy
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Substantial foreign investment
Support for authoritarian governments
Mounting debt
Neo-colonialism established by creating a system of dependency
involving three main elements
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Dependency Theory
▪
Why?
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Global Inequality : The 1%
>
Social, economic, and political process that makes it easier to travel around the
world at an unprecedented pace
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Not an end point - can't measure beginning / end
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Globalization makes the world look and feel smaller
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As a process mean it is neither inherently good or bad
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It does have real impact on the environment and every single human being
although in different ways
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Globalization
>
Lecture 2.4: Globalization & Global Inequality
February 1, 2017
12:00 PM
LECTURE Page 56
Document Summary
Bottom 80% own less than 6% of global wealth. Next 19% own 46% of the global wealth. Acceleration of global inequality - always increasing gap. Global inequality results from inadequacies in poor societies themselves, including lack of : A western mentality emphasizing savings, investment, innovation, education, high achievement, and self-control in having children. If more organized government / society, stronger economy. Industrial revolution enabled britain, france, spain, portugal, the. Surplus value from labour / selling of products. For 250 years, most powerful countries in the world have impoverished the least powerful countries as a matter of state policy. Neo-colonialism established by creating a system of dependency involving three main elements. Social, economic, and political process that makes it easier to travel around the world at an unprecedented pace. Not an end point - can"t measure beginning / end. Globalization makes the world look and feel smaller. As a process mean it is neither inherently good or bad.
