Factual Basis : Global Inequality

2963 WordsApr 26, 201512 Pages
Kiara Marmolejos Factual Basis Global inequality is one of today’s most prevalent issues with 40% of the world’s population living in poverty. Poverty is qualitatively defined as being extremely poor. It is quantitatively defined as living under $2.00 each day by the United Nations. One-sixth of the world population or 877 million people live in extreme poverty defined as living under $1.00 a day. This definition leaves out a large bracket of the world because living under 5$ or even 10$ a day can be considered extreme poverty. The Gini Index developed by the world bank provides a global picture of inequality by comparing per capita gross income of the world’s economies and classifies countries as high income, upper middle income, lower middle income, or low income. According to the Gini index, the gap between rich and poor countries has grown in recent years and continues to widen. Although the index provides a comparison of country averages it does not take into account inequality within countries. Therefore, we can assume most of the world is actually living in poverty and many definitions or statistics on global poverty should be taken lightly because certain countries do no have means to quantify each household income. The growing global inequality affects the life chances of the world’s population in many ways including hunger and malnutrition, health, education, vulnerability to climate change and access to
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