SOC101Y1 Lecture Notes - Lecture 13: Four Asian Tigers, Guana Island, Sub-Saharan Africa
Document Summary
Average annual income, by country: income is modified since it includes babies who cannot work. Only 60 million people are in the top 1% of incomers: most live in the us, then some in germany, france, italy, uk, canada, Top 1% of incomers earn about ,000+ after taxes. Rich countries growth of 143% of gross domestic product. Sub-saharan africa 11. 6% shrinkage of gross domestic product: growing inequality. Chinese economy has grown by 27. 2 times in 2008 than in 1969: china is moving up in the world. Low gini index=0: every income recipient receives exactly the same amount everyone is equal. Gini index=1: a single income recipient receives all income. Higher the gini index higher the inequality. The level of inequality has inequality of income for each individual in the world has . Brazil: most in-egalitarian country in the world gap between richest and poorest in the largest. The level of inequality in the world is growing in terms of individuals.
