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18 Cards in this Set

  • Front
  • Back
Nations are ranked in a hierarchy on the basis of their access to the world's wealth, power, and prestige
Global stratification system
Nations with advanced industrial economies and high living standards
High income nations
Nations that are newly industrialized and have moderate wealth and living standards
Middle income nations
Nations that are poor, agrarian, and benefit least from their participation in the global economy
Low income nations
When people lack food and other basic necessities of life
Absolute poverty
Recognizes global development as a process in which advanced industrial nations and technology help poor nations advance
Modernization theory
An economic and political system in which powerful nations dominate and exploit weaker ones in trade and other relations
Maintains that rich industrialized nations keep their poor countries from advancing through various dependency relationships
Dependency theory
Maintains that all nations are part of a worldwide division of labor
World system theory
Corporations that own companies and search for profits all over the globe
Transnational corporations
when an industrialized nation perpetuates former colonial patterns by purchasing raw materials-coffee, sugar, and minerals-at the lowest possible prices and then processing them at home and selling the finished products back to developing nations at many times the cost of the agricultural produce or raw materials
trade dependency
corporations establish factories in the southern hemisphere to take advantage of cheap labor, gain access to local markets, gain tax advantages, and circumvent environmental and other government regulations in their home countries
industrial dependency
over 1/2 of the world bank's lending capital is supplied by a handful of major industrial and postindustrial nations; these measures have retarded development and been inconvenient for the rich; devaststaing impact on the poor, producing poverty and periods of starvation
investment dependency
highly industrialized nations that are headquarters for teh world's major corporations and banks
core nations
nations that are moving toward industrialization and a diversified economy have mid-level participation in the world economy
semiperiphery nations
at the very edge of teh world economy because they have very little to offer it; they get the least
periphery nations
annual box office receipts of american movies
internet access
by the 21st century, _____% of the world's population had internet access, but more than _____% of the online population was in north america.