poorest 40 % = 5 % world income (10 people in this class) vs. richest 20 % = 75% world income (5...
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Poorest 40 % = 5 % world income(10 people in this class)
VS.Richest 20 % = 75% world income
(5 people in this class)
80 % of world’s population live in countries where income differentials are widening.
UNICEF: 22,000 children die each day due to poverty
economists.
Estimated minimum level of income needed to secure the necessities of life.
In SA…$1 a day/R330 a month per person 53 % - 1995 58 % - 2001 48 % - 2008 61 % of women and 31% of men live in
poverty.
The poverty line
How many is 1 billion?
25 000 packed Newlands Rugby Stadiums
Around the world
IS THERE ENOUGH WEALTH TO OVERCOME POVERTY? Global Priorites $U.S.
BillionsCosmetics in the United States
8
Ice cream in Europe 11Perfumes in Europe and the United States
12
Pet foods in Europe and the United States
17
Business entertainment in Japan
35
Cigarettes in Europe 50Alcoholic drinks in Europe
105
Narcotics drugs in the world
400
Military spending in the world
780
Global Priorites $U.S. Billions
Basic education for all
6
Water and sanitation for all
9
Reproductive health for all women
12
Basic health and nutrition
13
But… Current trends - target of halving
underweight children will be missed by 30 million children.
< 1% of world spend on weapons = education for every child…
Each year: 350–500 million cases of malaria, 1 million fatalities.
Your task…
Could you survive on a Dollar a Day in South
Africa???
Living on a Dollar a Day Budget Spreadsheet
Pick and Pay Online Shopping
INCOME INEQUALITY
LORENZ CURVE & GINI COEFFICIENT
China’s poverty rate 85% to 15.9% (600 million people)
China = nearly all the world’s reduction in poverty