Maintaining Global Stratification Why do the same countries remain rich year after year?
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Transcript of Maintaining Global Stratification Why do the same countries remain rich year after year?
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Maintaining Global Stratification
• Why do the same countries remain rich year after year?
![Page 2: Maintaining Global Stratification Why do the same countries remain rich year after year?](https://reader036.fdocuments.in/reader036/viewer/2022082613/5697bfae1a28abf838c9c928/html5/thumbnails/2.jpg)
Maintaining Global Stratification
• Sociologist Michael Harrington argued that colonialism went away, replaced by neocolonialsim
• Industrialized nations turned to international markets as a way to control Least Industrialized Nations
• Exception to the rule is the Middle East• Saudi Arabia supply low price oil even though this area is a
hostile area (US supports the royal family of Saudi Arabia)• US will overlook human rights violations and furnishing the
latest weapons
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Multinational Corporations• Companies that operate across national boundaries• Some cases Multinational Corporations exploit Least
Industrialized Nations– United Fruit Co. controlling politics in Central America
• Maintain international stratification simply by doing business – Work with the elite of Least Industrialized Nations
• Beneficiary is the Most Industrialized Nations• Corporations will also move labor to Least Industrialized
Nations
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Technology
• Companies put more money into technology to increase profits.
• Ex: Gillette spent $100 million in their production or razor blades
• Least Industrialized Country would love to have $100 million just for their economy