POSC 2200 Lecture Notes - Lecture 21: Microfinance, Energistics, Extreme Poverty
31 Mar 2018
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Document Summary
What is the difference between economics (how business are succeeding or not, how a places economy is doing) and finance (making money from money credit debt, and risk). Eight richest billionares vs. poorest 50% of world population (oxfam) Extreme poverty from 1990-2015 slightly lower (world bank) extreme pverty +=less than . 25/day: but global working poor living on . 25-2 us/day (piper 2015) Development: a material standard of living improvement often equated with economic growth. Inequality- a key aspect of capitalism (unlike for example, feudalism: some vs extreme inequality (no mobility) Inequality is the key feature of global society today . Neoliberal reform and global economy 3 changes according to cammock: post wwii- the greatest compression in oecd countries is reversed. *neoliberal policies 1970s award: global economy with the rise of asia and the end of the cw, promotion of states and ios towards open economies.
