SOCI 1001 Study Guide - Final Guide: World Bank High-Income Economy, Gross National Income, Dominate
14 Dec 2015
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Document Summary
Global stratification- refers to the unequal distribution of wealth, power, and prestige on a global basis, resulting people having vastly different lifestyles and life chances. Gross national income- a term that refers to all goods and services produced in a country in a given year, plus the income earned outside the country by individuals or corporations. The world bank- classifies nations into four economic categories: low income economies, lower middle income economies, and upper middle income economies, and high income economies. Low income economies- about half of the world"s population lives in the 48 low income economies, where most people engage in agricultural pursuits, reside in nonurban areas, and are impoverished. Global feminization of poverty- women tend to be more impoverished than men. Despite some gains the income gap between men and women continues to grow wider in many low income developing nations.
