Global Stratification speaks of social division and inequality. It means that the treatment for different societies is dependent on their varying classes. This phenomenon exists not only within a single society; rather it happens with a global perspective. As such, societies are stratified in relation to the status as compared to other societies around the world (Spark Notes, 2009). There are four main theories encompassing the concept global stratification, which includes imperialism, world system, culture of poverty and dependency theories.…...
DevelopmentEconomyHuman NatureLifePoliticsPoverty In The World
There have been a lot of changes in the past 2 decades globally. On the verge of the globalization many, economic activities have shifted from West to East. Countries like India and China where most of the Investors relocated have played a major role in keeping the average prices on goods at a low level. Businesses that follow the ideology of profit maximization put negative effects on overall well-being of society. Recession of 2008 that was created from burst of…...
BioethicsPoverty In The WorldSinger
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