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POLB90H3 lecture 7 - POLB90H3 LECTURE 7 Poverty and the...

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POLB90H3 LECTURE 7 Poverty and the Politics of Foreign Aid Poverty Defined- it is the key problem Poverty Defined A lot of assumptions that lay behind the data, measurement issues of what it means to be living in poverty. Gross National Income (GNI) per capita- total economic output of a country divided by the total population used to be known as gross national product The world bank uses this as a measure of poverty in a country Every economy in the world is divided into low, middle and high income: - low income : $ 1,005 or less - lower middle income: $1,006-$3975 - upper middle income: $3976-$12,275 - high income : $12,276 or more Those countries that has less than :$1,175 qualifies for development assistance and assistance from the world bank. There are lots of problems when it comes to measuring poverty because it is based on the average income and does not take into account inequality among citizens. The spending of money in each country is different such as the cost of living and the cost of products.
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