SISU-240 Lecture Notes - Lecture 1: Newly Industrialized Country, Gini Coefficient, Regressive Tax
Document Summary
Usually associated now with poverty at a national level. How the wealth of the country is being distributed among people. Comparing the incomes earned by different strata of the population or using the gini coefficient. Late industrialization and the use of inappropriate capital intensive technology. Inadequate social safety nets and regressive taxation systems. Below the minimum level required for survival - u/day. Basic needs are barely met but survival is not threatened - u/day. Some believe poverty is not exclusively measured by income. The workings of the free market left people in unfavourable positions through no fault of their own. Justice is owed to all people regardless of where they live, gender or. If we can prevent people from starving without compromising anything else of equal moral value, we are morally bound to do so. We have a moral obligation to help because we are casually responsible for the situation.