Wealth Inequality and Stratification in the World Capitalist Economy

Jenny CHESTERS

    Research output: Contribution to journalArticle

    Abstract

    Social inequality is generally conceptualized in terms of economic disadvantage related to income, however this approach ignores another equally important dimension of social inequality: wealth inequality. Drawing on world systems theory and a Marxist perspective on social class, in this article I examine the interrelationship between stratification in the world economy and stratification within national economies with a view to developing a global class schema. This examination of trends in the net worth and the location of the wealthiest individuals in the world indicate that the rapid expansion of the world economy in the past three decades has afffected the global distribution of wealth with an increasing proportion of the transnational capitalist class residing in semi-peripheral nations
    Original languageEnglish
    Pages (from-to)248-267
    Number of pages20
    JournalPerspectives on Global Development and Technology
    Volume12
    Issue number1-2
    DOIs
    Publication statusPublished - 2013

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    world economy
    social inequality
    stratification
    distribution of wealth
    economy
    national economy
    system theory
    social class
    income
    examination
    trend
    economics
    world

    Cite this

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    Wealth Inequality and Stratification in the World Capitalist Economy. / CHESTERS, Jenny.

    In: Perspectives on Global Development and Technology, Vol. 12, No. 1-2, 2013, p. 248-267.

    Research output: Contribution to journalArticle

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