GapCast #4 - Globalization

With Hans Rosling

How has the Global Economy effected the income of people across the world?Although the percentage of poverty has gone down, the number of poor people is still very high. Still, the percentage of people living in extreme poverty has gone down from around 40 percent 30 years ago to todays number of around 20 percent

The good news is that the eradication of poverty is within human range.

Category:

News & Politics

Tags:

• Hans
• Rosling
• gapminder
• globalization
• gapcast

[ausim]

Data is based on the local purchasing power of the local currency

[TijoKJose]

At the beginning of the video he said that the data was adjusted for purchasing power. That means he has already taken inflation into account.

[vanarbulaxer]

I know it is to clearly show the trends but the logarithmic scale of wealth in Hans' talks fail to show the absolutely massive difference in wealth, but also the massive changes that are going on.

[check86]

@truevoice08 It's adjusted for purchasing power. Sheesh, he even says it less than a minute into the video.

[truevoice08]

This is very misguiding. The poverty line should not remain at 1 dollar over the years since the US dollar has depreciated by so much already and will be pushed down to zero because of the anticapitalist institution of the Federal Reserve.

[Salladsdressing]

@anotherelvis

Search for his TEDtalks. I remember that it was something like the world richest 25% have about 2/3 of all money.

The developing countries are growing at a much faster rate then most of the industrialised so in 50-100 years almost all the people in the world will have a better living standard than people in industrialised nations have today.

I have also seen statistics that show world population will peak at 10 billion so the big problem left is the enviroment =/

[anotherelvis]

I would like to see the same an animation that showed "Which percentage of the total income is given to rich people". He could produce a graph if he multiplied the y-axis on his graph by the income.

[marktimmer2212]

why count the poor?

they dont consume, fuck em

[BRGxRandomHero]

he doesnt factor in the inflation thats happened since 1970

[kombajndosalatek]

sharing economic growth = dropping economic growth = more poor people..

great idea

[kentafan123]

At 0:35 he says the dollars are adjusted for purchasing power.