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Global Stratification - Global Stratification Global...

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Global Stratification Global Stratification System of inequalities in terms of wealth and power between the countries of the world. Modernization Theory The entire world was poor just two centuries ago. The Industrial Revolution brought affluence to high income countries. Industrialization can transform all poor societies. Market-oriented theory supporting capitalism as a solution to poverty. Characteristics of poor societies which cause their poverty o Lack of industrial technology o Traditional culture o Rapid population growth Traditional cultures o Attitudes and values stressing the past and the importance of tradition and religion o Fatalism: religions that emphasize that human suffering can only be changed in the afterlife o Immediate gratification or the inability to plan for the future o Irrationality or the rejection of science o Poor work ethic and poor work habits Walt W. Rostow: Stages of Modernization o Traditional stage o Take-off stage o Drive to technological maturity o High mass consumption Solutions to Global Poverty o Modern countries can help by providing Population growth control programs Foreign aid such as loans Private investments in poor countries o Export oriented economies o Export processing zones o Free trade agreements o Family planning o The role of government is to attract and protect private investment o Favors capitalism and modern cultural traits 1
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Dependency Theory Colonialism has made some countries while keeping others in poverty.
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