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2686913
Inequalities in wealth
Descripción
A mind map outlining key facts in relation to the OCR Humanities A2 G103 module, theme 1
Sin etiquetas
ocr theme 1
inequalities in wealth
humanities a2
Mapa Mental por
Emily Young
, actualizado hace más de 1 año
Más
Menos
Creado por
Emily Young
hace alrededor de 9 años
16
0
0
Resumen del Recurso
Inequalities in wealth
Incidence of disparities
between nations
GDP PPP DRC
800
GDP PPP Qatar
136,000
Wealth is concentrated in West / Northern America
Info from Oxfam
Within nations
UK richest familes own equal to poorest 30% - Oxfam
Why is it happening?
Different political / historical systems
Former soviet
Economic dominance
Ford
Richer than South Africa
Glencore
29 billion dollars of copper taken from Zambia over last 10 years
Tiger Woods
Paid more than most of Indonesian workforce
Countries burden of debt
Zambia - 1 dollar aid - 10 dollars debt payment
What's being done?
Foriegn aid
1 dollar in 10 dollars out - Zambia
Fair trade
FLO monitors supply chain to maintain standards
Is it helping
Yes - FLO said workers got an extra 100million dollars in 2004 because of fair trade
No - Economist - abolishing agricultural subsidies in the West would help much more (24 billion dollars)
Debt
IMF
Len 24 billion to Suharto / Indonesia (1/3 went to his friends and family) People today must pay back 100,000 dollars a day yet live in poverty
Changes in law on tax
Tax avoidance cost 160 billion dollars last year (according to Why Poverty)
WTO
positives
disputes can be dealt with independently
obverts war
negatives
Independent of governments - big businesses can call the shots
Embryo World Government - Economist
Free trade
positives
cheaper food
more consumer choice
trade stimulates economic growth
negatives
Mexico / USA corn subsidy
developing countries take longer to see benefits
How commited are wealthy nations in helping the poor?
Oxfam
2015 half global wealth held by 1%
MDG 1 - eradicate extreme poverty and hunger
target of halving poverty met before 2015
1.2 billion still in poverty
Greece
European countries reluctant to bail out and cut Greek debts
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