FRHD 3090 Lecture 6: Global Poverty
2 Dec 2016
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Document Summary
Organization for economic cooperation and development (oecd) Gap between oecd countries and developing countries widening. Even oedc countries have many people living in poverty. Who ~ 8 million children die each year from 5 preventable causes related to poverty. Who 11 million children die each year before age 5. In developing countries: of 4. 6 billion, 850 million are illiterate, 1 billion lack access to improved water, 2. 4 billion lack access basic sanitation. In developed cou(cid:374)tries" 130 million are income poor. What is acceptable difference in way of life. Purchasing power parity theory change in exchange rate between 2 currencies is proportional to change in ration in the 2 countries general price level. Trends in poverty over time suggest living standards have improved. Poverty reduction rapid growth in china and south asia. Sub-saharan africa poverty rose from 41% to 46% of population and 150 million are living in extreme poverty.
