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PovertyLecture7Geog130ronaldl@umd.edu
PeopleLivinginExtremePoverty
WhereisPovertyConcentrated?Thenumbersofpooraregreatestin_Asia______,buttheproportionofpoorpeopleishighestin_Africa______.Mostofthepoorliveinruralareas,buturbanpovertyisgrowingfaster.Whyarewomenatagreaterriskofpoverty?womenlackrightstolandandotherassets.Theyalsohavedifficultygettingaccesstocredit.Theylackadequateemploymentandeconomicsecurityinoldage.EducationalAttainmentislowerthanmen.
Hasthegapbetweenrichandpoorincreased?80%oftheoftheworld’spopulationlivesin20%oftheworld’se.Whatdoesthismean?However,itisestimatedthatitwouldtakeapproximately100yearsofconstantgrowthjusttoreachcurrentAmericanelevels.YearRatio18203:1191311:1195035:1197344:1199272:1200086:1
WorldPopulationLivingon$2orlessDayPoorCountryPop.$1aday(%)Pop.$2aday(%)Zambia84.698.1GuineaBissau88.296.7Uganda69.392.2Niger61.592Ethiopia4689India52.588.8Rwanda45.788.7Nepal50.386.7Senegal5479.6Kenya50.278.1Guatemala53.376.8Honduras46.975.7
POVERTY
Poverty:ZimbabweWhatisinflation?WhatistheaverageinflationrateintheU.S.?OnJanuary15,2009:TheCentralbankreleaseda$1trillionnote!!!!!!!!!!!!!!!!!!Twoweeksago$50billionwasworth$3.30inU.S.Dollars.50Billionnotewasworth$1.25U.S.dollaratMonday’sblackmarket.inflationPriceisgoingupMoneyislosingitsworth
UnitedStatesEconomy2006200720082009U.S.GDPgrowth(annualpercentchange)2.72.10.4-2.4U.S.federaldebtasapercentageofGDP36.536.240.253.0Nationalsurplus/deficitinbillionsofcurrentdollars-248.2-160.7-458.6-1413.6Nationalunemploymentrate4.64.65.89.3Annualpersonalsavingrate2.41.72.74.3Annualaverageinterestrateon30-yearfixedmortgage6.416.346.035.04Consumersentimentindex(annualaverage)87.385.663.866.3Averageglobalhappiness(scaleof0to10)5.415.515.415.45GeneralWelfareWorldGDPgrowth(annualper
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