Which country has the highest inequality in the world?
Top 10 Countries with the Highest Wealth Inequality (World Bank Gini index):
- Suriname – 57.9%
- Zambia – 57.1%
- Sao Tome and Principe – 56.3%
- Central African Republic – 56.2%
- Eswatini – 54.6%
- Mozambique – 54.0%
- Brazil – 53.4%
- Botswana – 53.3%
What does global stratification mean in sociology?
While stratification in the United States refers to the unequal distribution of resources among individuals, global stratification refers to this unequal distribution among nations. There are two dimensions to this stratification: gaps between nations and gaps within nations.
What is the inequality index?
The Gini index is a measure of the distribution of income across a population. A higher Gini index indicates greater inequality, with high-income individuals receiving much larger percentages of the total income of the population.
Why is South Africa so unequal?
Thirty years after the end of apartheid, “race remains a key factor in South Africa’s high levels of inequality, due to its impact on education and the labor market,” the World Bank said. Ethnicity contributes 41% to income inequality and 30% in education.
What are the three types of global stratification?
Therefore, the most popular global stratification categories today are high-, middle-, and low-income countries.
How is global stratification different from social stratification?
How is global stratification different from social stratification? Global stratification examines a myriad of different types of prejudice and inequality, while social stratification covers the social class and standing of individuals.
What is the Gini coefficient used for?
The Gini coefficient compares the income or wealth distribution of a population to a perfectly equal distribution—in which every citizen of a city or country has equal wealth. To compute the Gini coefficient, economists first find the Lorenz curve for the population.
What are the four worlds of global stratification?
Today a popular typology simply ranks nations into groups called wealthy (or high-income) nations, middle-income nations, and poor (or low-income) nations. This classification has the advantage of being based on the most important economic difference among the nations of the world: how much income and wealth they have.
What are the two main theories to study global stratification?
The two most widely applied perspectives on global stratification are modernization theory and dependency theory.
What does a Gini coefficient of 0 mean?
The Gini index measures the extent to which the distribution of income or consumption among individuals or households within an economy deviates from a perfectly equal distribution. A Gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality. Long definition.