High-income countries have advanced technology and high standards of living. Global stratification categorizes nations based on wealth and industrialization. Gross National Income is used to measure economic hierarchy globally.
High-income countries are characterized by having high levels of wealth and income, advanced technology and infrastructure, and better standards of living compared to low-income nations. These countries tend to be at the top of the global hierarchy, with greater access to resources and opportunities for their populations.
Global stratification classifies nations based on their wealth, industrialization, and economic development. Countries like the United States, Japan, and Germany fall into the category of wealthy nations, while nations like India, Indonesia, and China are classified as poor nations, highlighting the vast disparities in income and resources among nations.
Gross National Income (GNI) converted to international dollars is often used to measure economic hierarchy globally, showing that individuals in high-income countries are less likely to live in poverty compared to those in low-income countries.
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