Why the Rich are Getting Richer and the Poor,Poorer Robert B.Reich
Why the Rich are Getting Richer and the Poor, Poorer Robert B. Reich
Quotes 。“Almost half the world's population lives on less than two dollars a day,yet even this statistics fails to capture the humiliation, powerlessness and brutal hardship that is the daily lot of the world's poor."-----Koffi Anan, UN Secretary General 。“A world where some live in comfort and plenty,while half of the human race lives on less than $2 a day,is neither just,nor stable."-President Bush
2 Quotes • “Almost half the world’s population lives on less than two dollars a day, yet even this statistics fails to capture the humiliation, powerlessness and brutal hardship that is the daily lot of the world’s poor.” -----Koffi Anan, UN Secretary General • “A world where some live in comfort and plenty, while half of the human race lives on less than $2 a day, is neither just, nor stable.” — President Bush
Gap between the rich and the poor:A Global Phenomenon Global Inequality -The systematic differences in wealth and power that exist between countries Indicators of Economic Development- GDP-A country's yearly output of goods and services per person Three economic classes as determined by the World Bank--low,middle,and high.(macro national level) 3
3 Gap between the rich and the poor: A Global Phenomenon • Global Inequality – The systematic differences in wealth and power that exist between countries • Indicators of Economic Development – – GDP – A country’s yearly output of goods and services per person – Three economic classes as determined by the World Bank -- low, middle, and high. (macro national level)
Global Inequality:Differences between Countries High Income Countries GDP of $9,266 per person Generally those first to industrialize Account for only 15%of the world's population Lay claim to 79%of the world's annual output of wealth
4 • High Income Countries – GDP of $9,266 per person – Generally those first to industrialize – Account for only 15% of the world’s population – Lay claim to 79% of the world’s annual output of wealth Global Inequality: Differences between Countries
Global Inequality:Differences between Countries o Middle-Income Countries GDP of $756-S9,265 per person Most began to industrialize late in the 20th century. Includes 45%of the world's population Only accounts for 18%of the annual output of wealth 5
5 Global Inequality: Differences between Countries • Middle-Income Countries – GDP of $756 - $9,265 per person – Most began to industrialize late in the 20th century. – Includes 45% of the world’s population – Only accounts for 18% of the annual output of wealth