Exam 3: The Global Divide: Inequality Across Societies

According to dependency theorists, for developing nations, multinational corporations are a major source of

Income inequality between countries has declined slightly, due almost entirely to the rapid economic growth in

Neoliberalism is an economic approach that emphasizes the benefits of

A problem for free-market systems is that they tend to operate best in conditions of relative equality but tend to produce great economic inequality.

World systems theory sees the world economic system as divided into

Dependency theorists contend that poor nations suffer from

The most unequal advanced industrial country in the world is

Dependency theorists contend that global capitalism has brought what three negative consequences to dependent nations?

How has globalization changed economies and the lives of workers? Is it likely to lead to greater poverty or greater prosperity? What factors support your point of view?

World systems theorists contend the world economic system can be divided into what three types of countries?

Global export markets led to the rapid economic growth of

Modernization theorists contended that developing countries needed what three key aspects of modernity?

Neoliberal economists emphasize free markets and private enterprise rather than government programs as best for economic growth.

One problem with free-market economies is

What are the advantages and disadvantages of the international division of labor and of global markets?

In the United Nations' measure of human development, the country that is consistently number one with the best human development is the United States.