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Maintaining Global Stratification Why do the same countries remain rich year after year?

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Presentation on theme: "Maintaining Global Stratification Why do the same countries remain rich year after year?"— Presentation transcript:

1 Maintaining Global Stratification Why do the same countries remain rich year after year?

2 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

3 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

4 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


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