Exam 8: Global Stratification.

Average life expectancy has increased by about a third in the past three decades. Although no country has a life expectancy rate of 80 years for men, __________ some countries now have a life expectancy rate of 80 years or more for women.

The World Bank divides middle-income economies into lower-middle income and upper-middle income. Bolivia, Columbia, Guatemala, and El Salvador are classified as ____________.

In 1960, the wealthiest 20 percent of the world population had more than 30 times the income of the poorest 20 percent of the world population. By 2000, the wealthiest 20 percent of the world population had almost 80 times the income of the poorest 20 percent of the world population.

Nations with __________ continue to dominate the world economy, despite the fact that shifts in the global marketplace have affected some workers who have found themselves without work due to capital flight.

Nations with high-income economies continue to dominate the world economy, despite capital flight (the movement of jobs and economic resources from one nation to another) and deindustrialization (closing plants and factories because of their obsolescence or the fact that workers in other nations are being hired to do the work more cheaply).

__________ stratification refers to the unequal distribution of wealth, power, and prestige on a worldwide basis, resulting in people having vastly different lifestyles and life chances both within and among the nations of the world.

Mary is currently working as a teller in a local bank and she does not believe that she will ever be promoted beyond that position. In fact, she has adopted a belief that she will probably die in her current position. According to Walt Rostow, this exemplifies the __________ of economic development.

In relation to classification of economies by income, describe middle-income economies.

The income gaps between the richest and the poorest countries of the world are __________ than they are in the United States.

Detail global inequality in relation to development and modernization theory.

According to Walt Rostow, economic advisor to U.S. President Kennedy, all countries go through four stages of economic development. In the third stage referred to as the __________, the country reinvests in new industries, and embraces the beliefs, values, and social institutions of the high-income, developed nations.

__________ poverty is measured by comparing one person's income with the incomes of others.

__________ is the closing of plants and factories because of their obsolescence or the fact that workers in other nations are being hired to do the work more cheaply.

Discuss personal perspective on global poverty and human development issues.

Today, gross national income (GNI) is a term that refers to all the goods and services produced in a country in a given year, plus the net income earned outside the country by individuals or corporations.

The World Bank divides middle-income economies into lower-middle and upper-middle. Argentina, Chile, Hungary, Mexico, and Saudi Arabia are considered nations with __________ economies.

The __________ states that global poverty can at least partially be attributed to the fact that the low-income countries have been exploited by the high-income countries.

Low-income countries are primarily __________ with little industrialization and low levels of national and personal income.

The United Nations and the World Bank now use the term ___________ to indicate all of the goods and services produced with a country's economy during a given year.

Third world nations consist of the rich, industrialized nations that have capitalist economic systems and democratic political systems.