POL101Y1 Lecture : Seeing Inequality
Document Summary
B/w 1990"s- 2000"s; % of canadians living under the poverty line it decreased by 50% 10% = 3 million canadians, by disaggregating the data differently we see different stories. The wage gap between immigrant fmailies and non immmigrant families it is actually growing. The bare minum you need to survive- global poverty line. According to this 1$/day china"s economic growth has lfited 100$ millions out of poverty. When it is only 2$/day 45% of china"s popualtion lives with less than 2$/day. 45% of chinese people = 600 million poeple. Embedded system= liberal free trading economic system, gov"ts have some latitude to create state policies to stabilize their economy. Bretton woods: establishment of the imf, fixed exchange rate system, american backed system. Gatt: general agreement on trade and tarrifs- gradualr eduction of tarrifs to create a freer international trading system. Golden age of global growtg- 1950"s to 1960"s. World gdp- most rapid economic growth was in the immediate post-war period.
