4-29 - Global Inequality I. Introduction a. Globalization...

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Global Inequality I. Introduction a. Globalization has produced “winners” and “losers” i. For most countries, the ‘human development index’ has improved ii. Quality of Life Indicators 1. Percentage illiterate in 1967-1970: 53, and 2000-2004: 22 2. Average # of children per woman in 1976-1970: 6, and 2000- 2004: 2.6 3. Mortality rate for children under 5 years old in 1967-1976. . iii. In 2002, the combined income of the richest 1% of the people in the world was equal to the combined income of the poorest 57% iv. In 2007, the combined income of the world’s 947 billionaires was equal to about 3.5 trillion dollars 1. That 3.5 trillion dollars was a larger number than all of the money generated in but all of the top 10 economies in the world separately v. Extreme poverty is found only in the developing world; these are the people who do not have shelter, running water, clothing, enough money to send kids to school or provide healthcare. b. The gap between the world’s richest and poorest people (and nations) is greater than its ever been, and it’s getting larger i. At 1981, 40% of the world’s population lived on less than $1 a day, but in 2001, that percentage has been cut to 20% 1. Most of the gains have occurred in India and China
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4-29 - Global Inequality I. Introduction a. Globalization...

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