A UN report says the world is more unequal today than it was
10 years ago, even though there has been considerable economic growth in many
regions. Living standards have improved
in some places poverty remains entrenched in others. The article says focusing only on economic growth
is an ineffective way of achieving development because wealthy nations are the
main beneficiaries of economic development.
The UN Economic and social affairs department found the wealth gap is
larger than a decade ago and called for immediate action. Counties like china and India have seen
considerable income growth, but there is a wide income gap. There is 2.8 Billion people living on less
than2 dollars a day. There is also a gap
between skilled and unskilled workers holding up the UN development agenda.
I feel this article makes a lot of good points. Gross
Domestic Product is what many use to measure Economic growth. GDP is a measurement of well-being and
prosperity threw a countries total product of goods and services. For the developed countries, holding GDP as
there measurement of prosperity is much less accurate than a poor county. GDP for poor countries is a good measure of
growth and improvement especially countries were many are living on less than 2
dollars a day. If they are producing
more goods and services the country will be making more money. With more money the people can buy more food,
get better medical attention and education, and buy medicine improving the
living standard of the people in the country.
A lot of the poorest countries don’t have the structures in place to
produce more goods making it hard to fight poverty and have economic growth.
http://news.bbc.co.uk/2/hi/americas/4185458.stm
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