The terms used to describe global stratification and economic inequality are the same today as they were 60 years ago.

Question

Quizplus · Accepted Answer

The terms used to describe global stratification and economic inequality have evolved over time, and new terminology has been introduced to reflect changes in the world economy and society. For example, terms such as "emerging markets," "middle-income countries," and "the global South" have become more prevalent in recent years to describe countries that are not part of the traditional West-dominated global economy. Additionally, new measures of economic inequality, such as the Gini coefficient, have been developed that were not commonly used 60 years ago.

The Terms Used to Describe Global Stratification and Economic Inequality