SOC 1100 Chapter Notes - Chapter 9: Dependency Theory, Maternal Death, Market Basket

• School: University of Guelph
• Department: Sociology
• Course: SOC 1100
• Professor: Patrick Parnaby

Document Summary

Imperialism: the economic domination of one country by another. Global commodity chain: a worldwide network of labour and production processes whose end result is a finished product (commodity). Transnational corporations: large businesses that rely on foreign labour and production; skills and advances in design, technology, and management; world markets; and massive advertising campaigns. Refers to the spread of the principles of fast-food restaurants efficiency, predictability, and calculability to all spheres of life. Globalization: simultaneous homogenization of some aspects of life and the strengthening of some local differences under the impact of globalization. Regionalization: division of the world into different and often competing economic, political, and cultural areas. Poverty conceived in absolute terms: whether an individual or family is able to acquire the goods and services that are essential to a comfortable existence. Growth in the total size of the economy, measured as. How much money people make, how many businesses make and how much the government makes.