An unequal world

1. AN UNEQUAL WORLD - One in five of the world’s population lacks the things neccesary for an acceptable standard of living.

- The common way to measure the wealth of an area is to calculate its per capita GDP. - This is done by dividing the gross domestic product (GDP) by the number of inhabitants.

- This does not teflect the real distribution of wealth, as a minority of the population may have a large part of its assests.

- A country gets full development when its entire population is able to meet its basic needs.

- There are few countries in the world that meet this condition.

- The United Nations created a Human Development Index (HDI) to measure people’s quality of life based on three criteria: - Income - Access to education - Life expectancy at birth

1. AN UNEQUAL WORLD -

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COOPERATING AGAINST INEQUALITY Free market economic model is based on the law of supply and demand.

Companies compete with each other to obtain higher profits.

This has generated a great economic growth.

But, it has led to an increase in inequality on a global level and within each state.

After the Second World War, several international organisations, states, non-governmental organisation (NGOs) and private foundations began worling to reduce the differences between rich and poor countries through international cooperation. Their objective was to create a global development alliance.