Watch the world bank video about the economic effects

Reference no: EM133481557

Case Study: The growing gap between the rich and the poor is only one part of the picture of worldwide economic conditions. As we explored in the first chapter, metrics such as GDP and GNI per capita are important indicators, but they do not tell the full story about development. Having an international standard to discuss extreme poverty, such as earning US $1.90/day, is a helpful rubric for working on solutions that affect the world's poorest populations, but it is not a perfect indicator of extreme poverty. And even if the standard is met universally, does it mean that poverty has actually been eradicated? Can everyone become middle class? Can everyone become rich?

ASSIGNMENT

Task: Read Chapter 2.
Watch the World Bank video about the economic effects of the COVID-19 pandemic. In 250-300 words, answer the questions below, then respond to at least two colleagues with posts of 150 words each.
Provide at least 2 international examples from the news in support of your statements.
What role does geography play in the creation of wealth? Provide at least two international examples from the news.
What are the two approaches to eradicating poverty? What are the outcomes for each?
Which groups of people are most affected by poverty?

Reference no: EM133481557

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