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Globalization and Economic Development
Chapter 9
14
Sociology
Undergraduate 1
11/22/2010

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Term
Global Stratification
Definition
when nations are systematically ranked in a hierarchy on the vasis of their access to wealth, status and prestige.
Term
High Income Nations
Definition
Have advanced industrial economies and high living standards
ex:European coutries,U.S. Canada
Term
Middle Income Nations
Definition
newly industrialized and have resourses that provide them a moderate amount of the world's wealth and income
ex:Latin american countries
Term
Low Income Nations
Definition
Poor, agrarian, and benefit least from participation in global economy
ex:afganistan, pakistan, bangladesh
Term
Mail-order brides
Definition
females looking for a husband in a good social class
Term
Functionalist Approach:
Modernization theory
Definition
societies with advanced productive technology help poor nations advance. Poor nations blamed for holding on to traditional values.
Term
Colonialism
Definition
An economic/political system where powerful nations dominate and exploit weaker nations through trade relations.
Term
Nationalism
Definition
coined by J.G. Herder in late 1770's. An idea linking an ethnic group with a state and territory. Associated with the Romantic MOvement.
Term
Racism
Definition
promoted belief that one race was superior to all others. Early racist theorists ranked races in hierarchies. White Europeans were always at top, but these theorists assumed racial dominance was not assured (it must be fought for)
Term
Imperialism
Definition
-when 1 state controls, exploits and dominates another state or territory economically, culturally, and through claiming territory.
-Think of empires (like Roman, Ottoman, Spanish, British) where one state dominated other areas and peoples. colonized people don't have equal rights.
-Human life becomes cheaper under imperialism- dominated people seen as less valuable, dispensable, even not human.
Term
Dependency Theory
Definition
Rich industrialized nations keep poor countries from advancing by maintaining three forms of dependency.
-Trade
-Investment
-industry
Term
World Systems theory (walterstein)
Definition
while culturally distinct, all nations are part of a worldwide division of labor and unequal political relationships that reproduces global inequality.
Term
Transnational corporations
Definition
own companise all over the world and benefit from the laws and economic structures of different countries.
Term
Global assembly line example
Definition
-develop product in the U.S.
-U.S raw materials from low-income nations
-Assembly product in Taiwan
-corporate base in the Bahamas (tax benefit)
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