Poorest 40 % = 5 % world income (10 people in this class) VS. Richest 20 % = 75% world income (5 people in this class) 80 % of world’s population live.

……..

This is what you have just experienced…

Poorest 40 % = 5 % world income(10 people in this class)

VS.Richest 20 % = 75% world income

(5 people in this class)

80 % of world’s population live in countries where income differentials are widening.

UNICEF: 22,000 children die each day due to poverty

economists.

Estimated minimum level of income needed to secure the necessities of life.

In SA…$1 a day/R330 a month per person 53 % - 1995 58 % - 2001 48 % - 2008 61 % of women and 31% of men live in

poverty.

The poverty line

How many is 1 billion?

25 000 packed Newlands Rugby Stadiums

Around the world

IS THERE ENOUGH WEALTH TO OVERCOME POVERTY? Global Priorites $U.S.

BillionsCosmetics in the United States

8

Ice cream in Europe 11Perfumes in Europe and the United States

12

Pet foods in Europe and the United States

17

Business entertainment in Japan

35

Cigarettes in Europe 50Alcoholic drinks in Europe

105

Narcotics drugs in the world

400

Military spending in the world

780

Global Priorites $U.S. Billions

Basic education for all

6

Water and sanitation for all

9

Reproductive health for all women

12

Basic health and nutrition

13

But… Current trends - target of halving

underweight children will be missed by 30 million children.

< 1% of world spend on weapons = education for every child…

Each year: 350–500 million cases of malaria, 1 million fatalities.

Your task…

Could you survive on a Dollar a Day in South

Africa???

Living on a Dollar a Day Budget Spreadsheet

Pick and Pay Online Shopping

INCOME INEQUALITY

LORENZ CURVE & GINI COEFFICIENT

China’s poverty rate 85% to 15.9% (600 million people)

China = nearly all the world’s reduction in poverty