Mendoza, Joanna Caila B.

1BAFM-4

Crash Course Sociology #28 THEORIES of GLOBAL STRATIFICATION

(REFLECTION)

If we look over modernization theory and Walt Rostow’s Four Stages of Modernization. Next, we’ll explain
dependency theory, the legacy of colonialism, and Immanuel Wallerstein’s Capitalist World Economy
Model.

Modernization Theory comes with structural-functionalist approach, that tells global stratification as a
function of technological and cultural differences between nations. There’s also two historical events that
happened in the Western Europe which is The Columbian Exchange, this refers to the spread of goods,
technology, education and diseases between the Americas and Europe after Columbus’s so called
Discovery of the Americas, because of this happening they gained agricultural staples which lead to
population growth and provided new opportunities for trade and strengthening the power of merchant
class. But in the America it didn’t turn well for them because of the ravage population of diseases.

The second historical event is the Industrial Revolution that allow us to replace human labor into
machines and increase productivity. The countries that industrialized in the 18th century saw massive
improvements in their standard of living, and the countries that didn’t industrialized lagged behind.

Walt Rostow’s 4 stages, Traditional Stage, Take-off, Drive to technological Maturity and High-mass
consumption. Some critics point out the technology has improved throughout the world.

But dependency theory predicts most evidence suggest that nowadays, foreign investment by richer
nations helps, not hurts, poorer countries.
Mendoza, Joanna Caila B.
1BAFM-4

Globalization and Trade and Poverty: Crash Course Economics #16

(REFLECTION)

Free trade and globalization tend to provide an overall benefit, and raises average incomes across the
globe. The downside is that it isn't good for every individual in the system. In some countries,
manufacturing jobs move to places where labor costs are lower. And some countries that receive the
influx of jobs aren't prepared to deal with it, from a regulatory standpoint.

First we will define poverty, it is the condition characterized by severe deprivation of basic human needs
including food, safe drinking water, sanitation facilities, health, shelter and education. But we can fight
poverty through giving free education and helping organization. But another factor is the globalization and
trade, the free trade agreement, technological advances and improvement of transportation made the
world to connect easily. While Trade means the business of buying and selling or bartering
commodities.

Globalization help people to prevent poverty of a certain country, they encourage the poor to even
help in the economy specially in the developing countries. One example is the Microcredit, this project
is giving a small capital to people that have low income, it was a success and has since spread to
developing countries. Private lenders, governments and non-profit organizations, have jumped on
board to loan billion of dollars to world’s most disadvantaged. Although microcredit will not totally
vanished the poverty but it will help and gives idea to discipline the economy.