ECONOMIC GLOBAL GOV

• How much of the worlds wealth do the richest 1% own

  45.8%
• what do half of the British public believe

  financial aid to the poorest countries is wasted and corrupted
• when was the first time global poverty increased since 1998

  2020
• what's absolute/extreme poverty

  serve deprivation of basic human needs
• how many calories do adults need a day to maintain body weight

  2000 - 2500 kcal
• what are basic human necessities

  food / shelter / water / fuel / clothing
• what's the international poverty line

  people that are considered to be living in a state of absolute poverty if they live on less than $2.15 a day
• which IGO uses the international poverty line measurement

  world bank
• what do the world bank aim to achieve in regards to absolute poverty

  to have less than 3% of the global population on below the international poverty line by 2030
• what percentage of the world live in absolute poverty

  7.8%
• how many people lived in extreme poverty in the 19th century

  80%
• how much of the global population lived in extreme poverty in the mid 20th century

  2/3
• How many people live in global poverty in the 1990s

  36%
• What has poverty dropped by in the last 100 years

  90%
• what can child malnutrition lead to

  permanent mental damage and disproportionate brain growth
• name three issues with poverty data

  incomplete historical data / expansion of capitalism / lifestyle
• how is incomplete historical data an issue with poverty

  because only a small set of countries were known - less data to be collected
• which continent has seen less poverty progress and what's the evidence for this

  Africa - today 1 in 3 africans live below the global poverty line and they represent 70% of the worlds poorest people
• What is relative poverty

  Puts poverty being suffered into context by comparing it to other people who live in the same society or state (compares peoples income against the average in the country)
• What is poverty development

  Combination of activities by which a variety of actors in global politics aim to reduce poverty through economic growth, human development (human rights + democracy) and sustainable development
• Which area of development is thought to be the most effective

  Economic growth
• Which 2 areas of development contradict each other

  Sustainable development and economic growth
• what is Maslow's hierarchy of needs

  Compromises the top five model of human needs
• which two counties have reduced their poverty rates

  india and china
• what was the state of china in 1981 compare to today

  In 1981 nearly the entire Chinese population lived of less than $3.20 a day but today less than 12% live on or below that threshold
• How has China lifted itself out of a state of poverty

  The Chinese economy doubles every 7 years and China has become industrialised and economically developed using a version of a state run free market
• how has India followed china

  poverty has declined by 12% in 2019 compared to 2011 according to the world bank
• What do realists believe about poverty

  They are unlikely to care about global poverty because states are selfish actors
• What do liberalists believe about global poverty

  states have a collective responsibility to act on global poverty
• give three reasons why poverty can be measured

  Measures exist for different types of poverty / together absolute and relative poverty provide a balance means of assessing the poverty nationally and internationally / MDGs demonstrate that measurable and time bound goals are possible
• Give three reasons why poverty can't be measured

  Inaccuracies in data / some countries don't collect or report data and lie and manipulate results / data is likely to be weakest where development is weakest
• how much GDP did Cameron want spent on foreign aid

  0.7%
• how much GDP did Sunak want spent on foreign aid

  0.5%
• what's Neo-colonialism

  How exploit takes place today - Marxists argue the control of political and economic systems of developing states are controlled by more powerful states
• what's the global north and south divide

  socio-economic divide between the develop north and developing south
• What's the classical development theory

  free market and neo-liberal theory also known as orthodox view rooted in liberalism it argues that unlimited growth is available under a free-market. Argues reducing poverty is best achieved through economic growth and individuals should be free to enterprising the modern economy
• What is merchantism

  Early capitalist theory that the wealth of a nation was the amount of gold or treasure they'd accumulated - was also a measure of a countries power
• Who created classical development theory

  Adam Smith and David Ricardo
• Which book did Adam Smith write

  The wealth of nations
• What does Adam Smith argue about wealth

  Wealth isn't gold but the productive capacities of the economy (free-markets) - this would encourage efficiency and economic growth and would trickle down to the population