24 Jun 2022

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Global Stratification maintained by technology, multinational corporations, and neocolonialism

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Academic level: College

Paper type: Essay (Any Type)

Words: 295

Pages: 1

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Global stratification is the hierarchical placement of people in the societies around the whole world. Global stratification has led to global inequality. In this case, distribution of public resources has been unequal to individuals with a dismal social hierarchy. Global stratification has been maintained by technology, multinational corporations, and neocolonialism.

The current ongoing global stratification is driven by neocolonialism. In this case, the powerful countries politically and economically assume resources and capability from the minor states. For instance, the United Kingdom and the United States assume the highest rank of hierarchy after they colonized many countries in the past few centuries. In this matter, the presence of the indirect colonialism between two or more countries has promoted inequality. The previous superiority is perceived indirectly.

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Multinational corporations are the deeply established companies that operate in diverse countries. The companies are beneficial to the host countries but they also maintain global stratification. The core businesses for these companies include managing mining, controlling trades, and completing mega construction deals. In the pursuit for financial benefits, the companies demand cheap labor and lower taxes in an attempt to increase their profits. As a result, the companies control the economy of the host country. In return, the corporations allow dictators to purchase weapons from their origin hence humiliating economic growth of the host country.

Technology is among the current factors that have divided countries into levels based on their relative prestige, property, and power. Technology is a combination of techniques, processes, methods, and skills used to produce products and services. The superior countries have advanced their technology while others have held on traditional skills. In this case, the countries with advanced technology are able to manipulate, exploit, and control the countries beneath the standard technology.

Conclusion

In conclusion, technology, neocolonialism, and multinational corporations have led a few countries to possess the biggest share of the global wealth. The factors give the developed countries further advantage hence maintaining the gap. In return, the less privileged countries experience slow economic growth. As a result, global inequality is maintained globally.

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StudyBounty. (2023, September 14). Global Stratification maintained by technology, multinational corporations, and neocolonialism.
https://studybounty.com/global-stratification-maintained-by-technology-multinational-corporations-and-neocolonialism-essay

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