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Powerpoint_Intro_Lect_11

Powerpoint_Intro_Lect_11 - Share of Global Income going to...

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Year Share of Richest 20% Share of Poorest 20% Ratio of Richest to Poorest 1960 70.2% 2.3% 30 to 1 1970 73.9% 2.3% 32 to 1 1980 76.3% 1.7% 45 to 1 1989 82.7% 1.4% 59 to 1 Share of Global Income going to Richest 20% and Poorest 20% of World 's Population
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Impact of Globalization on Mexico Between 1982-2000 Mexican GDP per capita grew only .48% annually Between 1984-1996 the percentage of Mexicans living in poverty went from 59% to 80%, with almost 50% in extreme poverty The richest 10% of Mexicans receive 42% of national income, the poorest 40% receive 11% Since 1982, the minimum wage has dropped 60% in real terms
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Impact of Globalization on Mexico Since 1993, 6.2 million jobs have been created in Mexico but the labor force has grown by 10 million The manufacturing sector experienced a net loss of .3 percent. 60% of manufacturing jobs do not include benefits mandated by law 1 in 10 Mexicans now live in the U.S. The cost of environmental impacts now represents 10% of Mexican GDP Government spending on pollution has dropped 50%
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Immanuel Wallerstein
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