Global Inequality Challenge
An Analysis of the Disparities in Wealth and Power
Bibliographic Data
| ID | 19588738 |
|---|---|
| Authors | Christian N A, N A Christian (University of New Brunswick, corresponding author), Cliff Joseph (University of Port Harcourt), Joseph C E |
| Year | 2024 |
| Volume | 7 |
| Issue | 2 |
| Pages | 382-393 |
| Publication date | 2024-06-24 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | African Journal of Social Sciences and Humanities Research (JOURNAL) |
| Journal identifiers | ISSN: 2689-5129 • E-ISSN: 2689-5129 |
| Publisher | African - British Journals (PUBLISHER) |
| DOI | 10.52589/ajsshr-xcwus32j |
| OpenAlex | W4399977107 |
| Language | EN |
| References cited | 24 |
Global inequality is central to the explanation of the disparity between the global North and global South in terms of level of development. World systems theorists have pointed to colonial exploitation of the South by countries in the North as the cause of the disparities in wealth and power between regions. This paper examines global inequality challenges to identify the disparities in wealth and power between the North and the South. The study relied essentially on qualitative data predicated on secondary data. The paper adopted world systems theory as its framework of analysis. The paper showed that the unequal relationship between the global North and the global South was made possible by the colonial exploitation of the South by the North. By adopting the world system theory, the paper revealed how unequal division of labour, terms of trade imbalance, and Bretton Woods Institutions (IMF and World Bank) reinforced global inequality. The study recommended, amongst other things, that the South address internal conditions impeding their development; IMF and World Bank-assisted projects should not be attached with strict conditions
Development economics · Economics · Inequality · Income, Poverty, and Inequality · International Development and Aid · Mathematics · World Systems and Global Transformations
The inter-state structure of the modern world-system
World-Systems Analysis
Contemporary Economic Sociology
Global Shift
Plunder in the Post-Colonial Era
Trapped In The Semi-Periphery
Imperialist appropriation in the world economy
The relevance of the world‐system approach in the era of globalization of economic flows and networks
Beyond the North-South divide
Dependency or Institutions? Economic Geography, Causal Mechanisms, and Logic in the Understanding of Development
Global Commodity Chains and the New Imperialism
The Growth of the World System The Modern World-System II
Wallerstein's World Capitalist System
The unequal geographies of climate finance
Semi-Peripheral Developments
Comparing World-Systems
The World System and World Trade
The Rise and Future Demise of the World Capitalist System
| Citation velocity | historical |
|---|---|
| Highly cited | No |