Wealth and Poverty
It is obvious by looking at the maps within the wealth and poverty subheading in the Atlas of the Real World that developed nations are wealthier than developing nations. Over a span of the past 60 years, the wealthiest countries in terms of US dollars have been the United Kingdom, New Zealand, the United States, United Arab Emirates, France and Switzerland: all developed countries. On the opposite end of the spectrum, one might predict that developing countries, such as a majority of the countries in Africa and South Asia, would be among the poorest in the world; one would be correct in their assumption. Data supports this statement; Chad, Niger, DR Congo, Botswana and Malawi are among the many African countries placing last in the wealth category. “The industrial revolution… enormously increased the capacity of some groups, mostly Europeans at first, to produce g...
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...ousing, a highly educated population, obviously more wealth and less violent deaths due to crime. Although they did have more prisoners in total, this was because of the steady, effective judicial systems as opposed to third-world countries who fail to capture criminals at all.
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- Wealth and Poverty Economists estimate wealth and poverty in many ways. The most three common measures are income, possessions (accumulated wealth in the form of money, securities, and real estate), and socioeconomic metrics. Actions in the last category go beyond financial data to account for health, food, infant mortality, sanitation, and other phases of human well-being. Usually, wealth and poverty measured regarding income. Information on income is readily available, credible, and relevant, particularly in discussing poverty in the United States, wherever the inherited wealth is a small factor, and most people live on wages and salaries.... [tags: Poverty, Wealth, Working class, World Bank]
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