Chapter summary image Wealth and Poverty in the World

What is social stratification?

  • the ranking of people and the rewards they receive based on social factors, often including wealth, power, and/or prestige.

What is global stratification?

  • the ranking of countries that highlights social and economic inequality throughout the world.

What causes global stratification?

  • world systems theory: the world is divided by its connection to economic power
  • neocolonialism: powerful nations use loans and economic power to maintain control over poor nations
  • globalization: a complex process by which the world and its international economy are becoming more and more intertwined; some argue that an aspect of globalization is exploitation. Others say that globalization is the only hope for poor nations

What is being done to assist poor countries?