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Evolution of the Global Economy, 1800 to the 21st Century - Essay Example

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Topic Name of the Student of Professor Is the poverty of poor countries in any way due to the wealth of the rich? The question is too complex to have an outright definite answer. The concept of poverty is a confluence of social, cultural, political and economic paradigms which may have marginalized a minority group, deprived a populace, or are unable to economically empower a nation, or are suffering a dysfunctional government, or maybe of social injustices brought by disparity in the access of resources and governance…
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Evolution of the Global Economy, 1800 to the 21st Century
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Download file to see previous pages In this case, poverty refers to the deprivation of access and opportunities to resources and denial of the enjoyment of their rights and privileges due to social stratification and inequalities of wage system (Alam, 2000, p. 215). Researchers however tried to quantify the nature of poverty to make it more understandable. Under the Human Development Report of 2012 reported that there are 50% of the world populace or about 3 billion people are earning less than $ 2.50 per day (Statistic Brain, 2012, p. 1). There are also about 80% of the world populace are surviving in less than $10 a day and same percentile of 80% where income (Statistic Brain, 2012, p. 1). Moreover, there are 22,000 children that are dying each day due to poverty while there are 1.1 billion of people in emerging country with inadequate access to water (Statistic Brain, 2012, p. 1). Reports further bared that there are 443 million of school days that are lost due to water related illness (Statistic Brain, 2012, p. 1). ...
ive wealthy ratio statistics, there were 3 poor people per 1 ich person in 1820 but this increased to 72 poor people per 1 wealthy person (Statistic Brain, 2012, p. 1). DoSomething. Org (2013) likewise reported that 70 million people do not have enough food to eat (p. 1). There were 2 million children that have died of preventable illnesses such as diarrhea and pneumonia due to absence of access of medication (DoSomething. Org, 2013, p. 1). Since 2011, there were 19 million children that were recorded as unvaccinated and 1.6 billion people that are still living in darkness due to absence of access to energy or electricity (DoSomething. Org, 2013, p. 1). In Asia, reports bared that there are 44% of Indian peoples that are struggling to lie life at US$1/day and so is in Nepal, Pakistan and Bangladesh which has only similar subsistence level (Chronic Poverty Research Centre, 2007, pp. 71-78; Aggarwal & Chowdhr, 1991, p. 142; Adil Khan, 1996, p 144). This is also true to the peoples of Bhutan and Afghanistan where people live at a rate of $ 1/day (Chronic Poverty Research Centre, 2007, pp. 71-78). High illiteracy is more felt in South Asia, especially for women and children (Chronic Poverty Research Centre, 2007, pp. 71-78). The region has also high child mortality rate. Although there are indicators that certain levels of development are attained certain improvement but the disparity of income and opportunities to resource remained scarce (Chronic Poverty Research Centre, 2007, pp. 71-78). They are also the same regions that is lead with undemocratic or less democratic systems and where conflicts are abound in multifarious ways—meaning, it covered issues on terrorism, rebellion, labor disputes, women rights violations and militarism. World Bank (2013), a financial ...Download file to see next pages Read More
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