What term refers to the structured social hierarchy that categorizes individuals and groups based on wealth, power, and prestige globally?

The term that describes the structured social hierarchy categorizing individuals and groups based on wealth, power, and prestige globally is called global stratification. This concept helps us understand how different countries and people are ranked in terms of their economic resources and social status. For example, wealthier countries like the United States have more resources and opportunities than poorer countries like Haiti, leading to significant differences in living standards. This hierarchy affects people's lives, including their access to education, healthcare, and jobs. By studying global stratification, we can better understand inequalities and work towards solutions to improve conditions for those at the lower end of the hierarchy.