Describe the Trend in Global Inequality Over the Course of the Last

question 106

Essay

Describe the trend in global inequality over the course of the last century and, especially, since 1970. Based on where we have been and where we are now, predict where the world may be a century from now. What prediction would modernization theory support? What about dependency theory? What do you think will happen? Why?

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Definitions:

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.

Distribution Operations

Involves the management of the supply chain processes that ensure the efficient movement and storage of goods from the manufacturer to the end customer.

Materials Handling

The movement, protection, storage, and control of materials and products throughout manufacturing, warehousing, distribution, and disposal.

Order Fulfillment

The process of receiving, processing, and delivering orders to end customers.