Final-Global Inequality Flashcards
Capital flight
the movement (flight) of capital from one nation to another, via jobs and resources
core nations
dominant capitalist countries
debt accumulation
the buildup of external debt, wherein countries borrow money from other nations to fund their expansion or growth goals
debt bondage
the act of people pledging themselves as servants in exchange for money for passage, and are subsequently paid too little to regain their freedom
deindustrialization
the loss of industrial production, usually to peripheral and semi-peripheral nations where the costs are lower
a theory which states that global inequity is due to the exploitation of peripheral and semi-peripheral nations by core nations
dependency theory
First world
a term from the Cold War era that is used to describe industrialized capitalist democracies
Fourth world
a term that describes stigmatized minority groups who have no voice or representation on the world stage
GINI coefficient
a measure of income inequality between countries using a 100-point scale, in which 1 represents complete equality and 100 represents the highest possible inequality
global feminization of poverty
a pattern that occurs when women bear a disproportionate percentage of the burden of poverty
the concentration of resources in core nations and in the hands of a wealthy minority
global inequality
global stratification
the unequal distribution of resources between countries
gross national income (GNI)
the income of a nation calculated based on goods and services produced, plus
modernization theory
a theory that low-income countries can improve their global economic standing by industrialization of infrastructure and a shift in cultural attitudes towards work
nations on the fringes of the global economy, dominated by core nations, with very little industrialization
peripheral nations
