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
Global Inequality:Differences between Countries ·Low Income Countries -GDP under $755 per person Mostly agricultural economies that have only recently began to industrialize Accounts for 37%of the world's population Produces only 3%of the annual output of wealth
6 Global Inequality: Differences between Countries • Low Income Countries – GDP under $755 per person – Mostly agricultural economies that have only recently began to industrialize – Accounts for 37% of the world’s population – Produces only 3% of the annual output of wealth
The Rich get Richer,the Poor get Poorer -1.5 Billion People,of the world's population lives in poverty. -Why are incomes diverging??? -The function you perform in the world economy 7
7 The Rich get Richer, the Poor get Poorer – 1.5 Billion People, ¼ of the world’s population lives in poverty. –Why are incomes diverging??? –The function you perform in the world economy