SOC 1305 Study Guide - Midterm Guide: Small Business, Dependency Theory, Social Mobility
Document Summary
Hierarchical arrangement of large social groups based on their control over basic resources: trait of society, persists over generations, universal but variable. A class system: birth and individual achievement: open system, meritocracy, status consistency, social mobility. Dependency theory: the belief that global poverty can be attributed to the fact that the high-income countries have exploited the low-income countries. Modernization theory: a perspective that links global inequality to different levels of economic development and suggests that low income economies can move to middle and high income economies by achieving self sustained economic growth. World systems theory: a perspective that examines the role of capitalism, and particularly the transitional division of labor, in a truly global system held together by economic ties. New international division of labor theory: the perspective that views commodity production as being split into fragments that can be assigned to whatever part of the world can provide the most profitable combination of capital and labor.
