In spite of the gains of globalization on f the economy, the rich get richer, the poor get poorer. It is unthinkable that in a post-industrial era in terms of human development and progress, the poor get only a trickle an effect.
The gap between the richest and the poorest country was:
3 to 1 in 1820 35 to 1 in 1950 74 to 1 in 1997
The richest 1% of the world's population owns 32% of the wealth.
Example, from 1503 to 1660, Spain took enough silver from the New World to multiply European reserves by 4.
Since 1960, Third World countries have suffered a 70% drop in price of agricultural exports compared to manufactured imports.
Meanwhile, the Developing World spends $13 on debt repayment for every $1 it receives in grants.
Cutting global poverty in half would cost $20 billion, less than 4% of the U.S. Military Budget.
By 1990s, the number of people living on less than $1 a day day rose from 273 million to 328 million in Africa alone.
Of the 1 billion living on less than $1 a day, 162 million live on less than $0.50 cents a day.
Rising food prices could plunge an additional 100 million people into extreme poverty.
16,000 children die each day from hunger or hunger-related diseases.
Such travesty is an affront to human dignity as the documentary, "The End of Poverty?" wants us to believe...
The End of Poverty?
ReplyDeleteIn spite of the gains of globalization on f the economy, the rich get richer, the poor get poorer. It is unthinkable that in a post-industrial era in terms of human development and progress, the poor get only a trickle an effect.
The gap between the richest and the poorest country was:
3 to 1 in 1820
35 to 1 in 1950
74 to 1 in 1997
The richest 1% of the world's population owns 32% of the wealth.
Example, from 1503 to 1660, Spain took enough silver from the New World to multiply European reserves by 4.
Since 1960, Third World countries have suffered a 70% drop in price of agricultural exports compared to manufactured imports.
Meanwhile, the Developing World spends $13 on debt repayment for every $1 it receives in grants.
Cutting global poverty in half would cost $20 billion, less than 4% of the U.S. Military Budget.
By 1990s, the number of people living on less than $1 a day day rose from 273 million to 328 million in Africa alone.
Of the 1 billion living on less than $1 a day, 162 million live on less than $0.50 cents a day.
Rising food prices could plunge an additional 100 million people into extreme poverty.
16,000 children die each day from hunger or hunger-related diseases.
Such travesty is an affront to human dignity as the documentary, "The End of Poverty?" wants us to believe...