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Learning Objectives

Global Stratification and Classification
• Describe global stratification
• Understand how different classification systems have developed
• Use terminology from Wallerstein’s world systems approach
• Explain the World Bank’s classification of economies
Global Wealth and Poverty
• Understand the differences between relative, absolute, and subjective poverty
• Describe the economic situation of some of the world’s most impoverished areas
• Explain the cyclical impact of the consequences of poverty
Theoretical Perspectives on Global Stratification
• Describe the modernization and dependency theory perspectives on global stratification