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.