Exam 12: Global Stratification

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Which type of slavery refers to one person owning another?

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What concept refers to a global economy in which multinational corporations exploit people in low-income nations?

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Some critics claim that modernization theory

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The richest 20 percent of the world's people receive 50 percent of the entire world's income.

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According to modernization theory,the greatest barrier to economic development is

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In past centuries,European nations colonized countries in

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For every dollar earned by someone in a low-income nation,a person in a high-income nation earns about four dollars.

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Critics say that dependency theory wrongly treats wealth as a zero-sum,ignoring how the world has become much richer over time.

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A recent United Nations report shows that,in general,high-income nations have a higher quality of life than low-income nations.

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The wealthiest 20 percent of the global population receives about what percentage of all global income?

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High-income nations

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Rich nations are now in debt to low-income nations because of the amount of raw material that they buy.

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In Walt Rostow's model of economic development,the first stage before the modernization process begins is called "take-off stage."

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According to dependency theory,poor countries have become dependent on rich nations because

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Some critics claim that modernization theory

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According to Immanuel Wallerstein's theory of global capitalism,which nations are at the "core" of the world economy?

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The text defines middle-income nations as having per capita income between $2,500 and $12,000 per year.

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According to modernization theory,the greatest barrier to economic development is

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Compared to poverty in the United States,poverty throughout the world as a whole is more widespread and more severe.

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The concept of "colonialism" refers to the process by which

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