POLS 1500 Lecture 6: Inequality and Underdevelopment
22 Aug 2016
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Document Summary
World population is more than 7 billion. 40 countries (western europe, usa, canada, japan, australia, new zealand) Per capita annual income: usd 9,360 and above. More than half the worlds total income. About 90 countries fall in this category. One third of humanity lives in middle income countries. Per capita annual income between usd 760 and 9,360. Several distinct groups in this category: new industrializing countries: brazil, argentina, mexico, south korea. Half of humanity lives in low income countries: about 60 countries, mostly in central and eastern africa and south asia. Poverty exists in all countries of the world; but it is most severe in low and middle income countries: poverty rates are highest in countries that have weak economies, weak industrialization. Poverty is associated with less complex economies and less technologically advanced infrastructure. Relative poverty: a level of poverty in which a person lacks resources that other members of society has access to.
