SOSC 2800 Study Guide - Final Guide: Structural Adjustment, Multinational Corporation, Purchasing Power Parity
8 Oct 2013
School
Department
Course
Professor
Document Summary
It is usually defined as an extremely low income level. Refers to being below the minimum level of income required for physical survival. The world bank defines this level as us 1. 25 per day in 2005. In 2008 it was changed to $ 1 per day: measured in the purchase power parity. Typically considered to be an income of us per day, a level at which basic needs are barely met but survival is not actually threatened. For example, a person without access to a computer would be seriously hampered in terms of their ability to access important information and do basic tasks such as looking for employment. How the average wealth of a country is divided among the population. Latin america is a region with the most unequal income distribution, even though it is considered a upper-middle income area of the developing world. Income gaps are not just widening among the world regions, but also in nation- states.
