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

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Essay

Describe the trend in global inequality over the course of the last century, 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? How accurate do you think each prediction is? Why?


Definitions:

Unbiased Estimator

A statistical estimator that, on average, equals the parameter being estimated.

Population Parameter

A population parameter is a numerical value that characterizes a certain aspect of a population, such as its mean or variance.

Expected Value

The long-term average value of a random variable, representing its mean outcome over an infinite number of trials.

Point Estimate

A single value that serves as the best guess or most likely value for a population parameter based on sample data.

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