GEOG 130 Lecture Notes - Lecture 9: Hyperinflation, Malnutrition, Reward System
4 Mar 2019
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Document Summary
Living on . 90 or less defines extreme poverty today. Living on . 10 or less defines poverty today. Less people living in extreme poverty than 1990 (1 billion) All five countries make up 64% of the world"s extremely poor. The numbers of poor are greatest in asia (countries with largest population), but the proportion of poor people is highest in africa. Inflation: tells the purchasing power, and how much money is being lost. In us, interest rates are used to control inflation. Best thing to do is to spend it on things that will hold its value. Hyperinflation in zimbabwe and venezuela, economy is collapsing. Increases poverty rates because wages do not increase. Poverty is the common denominator in the developing countries. Over half of the world"s population survives on an annual per capita of or less. Cycle: perpetuates itself from one generation to the next, since malnourished women are more likely to have low-birth weight babies.
