Global Wealth, Inequality, and Development

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18 Terms

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Global poverty

The condition in which individuals live on less than $1.90 per day.

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Wealth inequality

The disparity in income and wealth distribution among individuals and populations worldwide.

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Wealth gap

The unequal distribution of wealth between the richest 1% of the world population and the remaining 6.9 billion people.

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Growing wealth gap

The increasing disparity in wealth distribution within countries where 70% of the global population resides.

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Global wealth distribution

In 2019, North America and Europe held 55% of the world's wealth, despite comprising only 17% of the global adult population.

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Global inequality

The systematic disparities in income, wealth, health, education, access to technology, opportunity, and power among countries, communities, and households worldwide.

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Gross national income-purchasing power parity per capita

A comparative measure of stratification at the country level, indicating how much goods and services someone could buy in the US with a given amount of their local currency.

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High-income countries

Technologically advanced nations with mass education and urbanization, representing 15% of the global population.

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Middle-income countries

Developing nations with urbanization and industrialization, but lagging behind high-income countries in terms of total mass education; comprise more than 70% of the global population.

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Low-income countries

Nations with large populations, an agricultural industry, and no stable middle class. Urbanizing but lacking access to jobs, services, and resources, resulting in prevalence of hunger, malnutrition, preventable diseases, and lack of educational and health resources.

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Global health services

More than 50% of the world population lacks access to essential health services.

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Healthcare-related debt

90% of households incurring healthcare-related debt are already living below the poverty line.

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Factors contributing to disease spread

Overcrowding, lack of sanitation, and clean water all contribute to the spread of infectious and airborne diseases.

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Diseases of poverty

HIV, malaria, and tuberculosis are most prevalent in countries with high poverty levels, resulting in 14 million deaths annually.

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Undernutrition

10% of the global population is undernourished, with 45% of deaths among children under the age of 5 linked to undernutrition.

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Dietary risks

In 2017, 11 million deaths were attributed to dietary risks.

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Maternal health

Life expectancy is positively correlated with GDP per capita, and 98% of maternal and neonatal deaths occur in developing countries.

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Infant mortality rate

The number of deaths under the age of 1 per 1,000 live births.