PSC 116G Lecture 11: PSC116G, lecture 11
Document Summary
5,500; average income per person in global north increase from ,000 to. ,000: developed countries control 71. 29% of the worlds wealth (35 countries, 27. 27% controlled by developing countries (170 countries) N/s gap conclusions: many asian and central european states that were once poor are closing gap with wealthiest countries, decrease in overall poverty and inequality, most african countries have either made no progress or gotten worse since 1980. Increase in overall income inequality: gap between wealthiest and poorest is growing in almost every country, major gender gap, especially in poor countries. In 1750, present-day developing countries produced 73% of global manufacturing and. Controlled trading relationships: result: colonies were poor and weak at indepence. Economies of scale: goods and services can be produced more cheaply if produced in bulk: first-movers are first to build on large scales, later developers must start small and increase cost, 2. )
