Sociology 1020 Lecture Notes - Lecture 12: Debt Bondage, Multinational Corporation, International Inequality
13 Aug 2016
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Document Summary
Global stratification the pattern of social inequality in the world as a whole. After the cold war a model to classify countries was created: first world the rich industrialized countries, second world less industrialized socialist countries, third world non-industrialized poor countries. Was not a good way as i clumped too many countries into the same category. A new (better) system: high-income, middle-income and low-income. Nations with the highest overall standard of living. Have a gdp of greater than ,000. Mostly located in the northern hemisphere ex: canada, us. Still have low-income people, but even those people are better off than people in low-income countries. Nations with a standard of living about average for the world as a whole. Gdp is less than ,000 but greater than ,500. Half of the people live in cities, the other in rural areas where they lack schooling, medical care, housing and safe water. 70% of nations fall into this category ex: asia, latin america.
