Chapter 9

Question 1

Global inequality

Answer 1

High-income countries - rich industrialized nations

Middle-income countries - some industrialization but primarily agriculture

Low-income countries - primarily agrarian with little industry

Question 2

Chattel

Answer 2

One person owns another

Question 3

Child slavery

Answer 3

Abandoned children

Question 4

Debt bondage

Answer 4

People paid less than charged for food and other necessities

Question 5

Servile forms of marriage

Answer 5

Women must serve husband

Question 6

Modernization theory

Answer 6

Model of economic and social development that explains global inequality in terms of technological and cultural differences among nations

Technology raises standard of living, tradition greatest barrier to econ development

Rich nations play important roles in economic development, helping control population, increasing food production, introducing industrial technology, providing foreign aid

Question 7

Dependency theory

Answer 7

Model of economic and social development that explains global inequality in terms of the historical exploitation of poor societies by rich ones

Economic success of rich societies achieved at the expense of poor ones, Wallerstein’s capitalist world economy

Question 8

Multinational corporations

Answer 8

Commerical organizations that are headquartered in one country but do business throughout the world

Buy, trade, and produce goods all over the world

Beginning to establish reservation services and data processing centers in periphery nations

Total revenue for some corporations are on par with the total value of goods and services exchanged in entire nations