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POVERTY-AND-GLOBAL-ECONOMY-FINAL.pptx - POVERTY AND THE...

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POVERTY ANDTHE GLOBALECONOMYPresented By:GROUP 4ALELOJO, NikkoANTIQUIERA, JonicaGAMBOA, PreciousG0ZON, AlbertMORALES, AndreaTANJUSAY, Michelle
INTRODUCTIONPoverty is a global issue. All the countries around the world face theproblem of poverty, but there are some countries which are poorerthan others like the developing countries in Africa, Asia and LatinAmerica. There are no one size fits all definition of the concept ofpoverty. The poorest people in an industrialized nation maybe welloff than the average citizens in a less-developing country. Thedefinition of poverty alternate from regions across the planet.
OverviewMost of the poorest people in the world live in countries that are inthe “Global South”:developing(growing, but below developedstandards),less-developed(may or may not be growing andbelow developed standards) orunderdeveloped(stagnated andbelow developed standards)Developed country:High living standards generally distributedHighly technical infrastructureComplex and productive economy
Difference Between Developed Countries and DevelopingCountriesCountries are divided into two majorcategories by the United Nations, which aredeveloped countries and developingcountries. The classification of countries isbased on the economic status such as GDP,GNP, per capita income, industrialization, thestandard of living, etc.Developed Countriesrefers to thesovereign state, whose economy has highlyprogressed and possesses greattechnological infrastructure, as compared toother nations.The countries with lowindustrialization and lowhuman development indexare termed asdevelopingcountries.
OverviewGenerally speaking, therefore, poverty is associated with less complexeconomies and less technologically advanced infrastructure.Reasons:War or civil warCorruptionResource curse (dependence on exporting natural resources, often asingle such resource– copper, oil, agricultural products which arevaluable, but not as valuable as finished products, and which tend toconcentrate wealth in a few hands)Isolated situation that makes domestic and international trade difficultCurrent or legacy of colonial and other exploitative economicrelationships between area and developed countries
OverviewNature of poverty:About 1 billion people live in “abject poverty”: people suffering fromsevere deprivation of basic human necessities, or “extreme poverty”:living on ore less than about $1.25 (37 NT) per dayHighest percentage of people living in abject poverty are located inAfrica, though largest absolute number are in South Asia.Averageper capita annual income Africa: $2,000 (approx. 60,000 NTAverageper capita annual income South Asia: $2,700 (approx. 81,000NT)Average per capita annual income Taiwan: $20,000 (approx. 600,000NT)Average per capita annual income US: $42,600 (approx. 1,280,00 NT)

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Poverty, Developed country

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