Lecture 13

Lecture 13 - Soc 1: Intro to Sociology Fall `06 Mindy...

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Soc 1: Intro to Sociology Fall ‘06 Mindy Romero Global Inequality Week Nine The World is Stratified… Global stratification: The unequal distribution of wealth, power, and prestige around the world. Global income inequality is greater now than it has ever been in history. Currently, the richest 1 % of people in the world receives as much as the bottom 57 %. Ratio of top 20% to bottom 20% in world: 1820 – 3:1 1913 – 11:1 1950 – 35:1 1973 – 44:1 1992 – 72:1 2000 – ? GNP Per Capita 1998 World Bank (map) Income Ratio – 1980 (map) Income Ratio – 1990 (map)
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(map) Three Worlds of Development… High Income Economies: GDP Greater than $9,266 Middle Income Economies: GDP of $756 - $9,265 Upper Middle Income: GDP of $2,996 - $9,265 Lower Middle Income Economies: GPD of $756 - $2,995 Low Income Economies : GDP less than $755 Absolute Poverty: The inability to acquire a minimum level of subsistence needed to survive. Relative Poverty: A changing standard of poverty
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Lecture 13 - Soc 1: Intro to Sociology Fall `06 Mindy...

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