Exam 9: Race and Ethnicity

One of the primary means used in attempts to reduce inequality and alleviate the worst effects of poverty in the less industrialized nations of the world is___________ .

The only significant group of middle- and lower-income economies to close the gap with the high-income economies over the past few decades has been the nations of ___________.

The income gaps between richer and poorer countries of the world are ___________than the income gaps between classes in the United States.

Describe the World Bank's classification of nations according to their gross national incomes.

The literacy rate has become increasingly less useful as an indicator of economic progress within a country.

According to economic advisor Walt Rostow, societies in the ___________stage are slow to change because the people hold a fatalistic value system, do not subscribe to the work ethic, and save very little money.

The second of Rostow's stages of economic development is the ___________stage, which is a period of economic growth accompanied by a growing belief in individualism, competition, and achievement.

Nations with high-income economies always have a higher rate of economic growth than newly industrializing nations.

Explain the new international division of labor theory, including descriptions of the two types of global commodity chains.

Which of the following countries would best be described as a Third World nation?

The terms "First World," "Second World," and "Third World" categorize countries according to___________ .

The term___________ refers to all of the goods and services produced in a country within a given year, plus the net income earned outside the country by individuals and corporations.