Global Inequality🍄 Flashcards

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1
Q

What is the Brandt report?

A

A report published by the German Chancellor of the time, Willie Brandt. It highlighted global differences between rich and poor, the poverty of many developing countries, and the vast wealth of few developed countries.

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2
Q

What countries are part of the ‘global north’? They are part of the world’s…

A

A group of wealthy counties in North America, Western Europe, Japan and Australasia. They are part of the world’s High Income Countries (HICs).

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3
Q

What counties are part of the ‘global south’? They are part of the world’s…

A

A group of much poorer countries in Latin America, Africa, and Asia. These are part of the world’s Low Income Countries (LICs).

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4
Q

The inequalities between the ‘global north’ and ‘global south’ are known as…

A

The ‘North-South Divide’, or the ‘Development Gap’.

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5
Q

What is the top quintile?

A

The richest fifth of 20% - of the world’s countries own 83% of the world’s wealth.

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6
Q

What are the bottom to quintiles?

A

The poorest 40% - own just 3% of the world’s wealth.

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7
Q

In the 1980s rapid development took place in Latin America. What did this cause?

A

A group of countries now knows as Middle Income Countries (MICs).

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8
Q

Name two MICs

A

Brazil and Chile. Large reserves of raw materials in these countries (EG iron ore) encouraged investment and growth, and their cities experienced big increases in population.

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