Jade Reed Mantilla

BSRT 1-F

Look for one global issue that lead to global stratification. Discuss its context and history.
Who were involved? How would you address it?

One issue that affects the entire world and leads to global stratification is economic
inequality. Economic inequality refers to the unequal distribution of wealth and income
across individuals, groups, and countries on a worldwide scale. This issue has a convoluted
background and a protracted history. The colonial era, when European countries
established vast empires and exploited the labor and resources of their colonies, is when
global inequality first emerged. The existing economic imbalances were made possible by
the wealth transfer from the colonies to the colonial powers. This historical legacy has had a
tremendous influence on the economic development of several countries. Economic
inequality has been significantly worsened in the 20th and 21st centuries by the trend of
globalization. Even though international commerce and money transfers have expanded,
the wealthy and powerful nations and their citizens have disproportionately benefited from
globalization. Transnational corporations and financial institutions have gained from global
commerce, often at the expense of people and the environment in less developed
countries. Significant players in this worldwide issue include governments, organizations,
enterprises, financial institutions, employees, and even individuals. It’s critical to realize
that economic inequality is a complicated issue with many interconnected variables and
occurrences. In order to solve this complex issue, governments, businesses, civic society,
and transnational enterprises must collaborate to create laws and practices that encourage
greater economic justice.