| A | B |
|---|
| global stratification | patterns of social inequality in the world as a whole |
| high-income countries | the richest nations with the highest overall standards of living |
| middle-income countries | nations with a standard of living about average for the world as a whole |
| low-income countries | nations with a low standard of living in which most people are poor |
| colonialism | the process by which some nations enrich themselves through political and economic control of other nations |
| neocolonialism | a new form of global power relationships that involves not direct political control but economic exploitation by multinational corporations |
| modernization theory | a model of economic and social development that explains global inequality in terms of technological and cultural differences between nations |
| dependency theory | a model of economic and social development that explains global inequality in terms of the historical exploitation of poor nations by rich ones |
| multinational corporation | a large business that operates in many countries |
