3.7b widening income inequality

Question 1

Lorenz curve

Answer 1

a graphical representation of the distribution of income plotted using the cumulative percentage of population against the cumulative percentage of income

Question 2

Gini coefficient

Answer 2

shows the distribution of a country’s income

it’s a number between 0 and 100
the higher the value, the greater the degree of income inequality

Latin America (52) most unequal region in the world
Africa (44)
Asia (37)
Europe (32)

BUT only 1/3 of countries publish a GNI index

Question 3

facts about Niger

Answer 3

life expectancy is 61 (2015)
HDI rank is 187 out of 188 (2015)
GDP per capita is 359 USD (2015)

Question 4

China

Answer 4

2015 –> Gini coefficient was 46.2
2016 –> Gini coefficient was 46.5

east-west divide

poor rural western interior settlements –> Xinjiang, Tibet, Qinghai –> annual per capita income is 30-50% below the mean

eastern mega-city wealth –> Beijing, Shangai, Guangzhou –> annual per capita income is 50-100% above the mean

Question 5

winner of globalisation

Answer 5

SOUTH KOREA

in 1962, the GDP PPP per capita was $1,704
in 2014, it was $33,629

exports contributed to 24.4% of GDP in 1962 and 77.7% in 2014

global links –>26% of exports went to China and 13% went to the USA in 2014