Globalisation

Question 1

What has happened to global GDP from 2000-2024

Answer 1

Between 2000–2024, global GDP tripled.

Question 1

What % is extreme poverty at 2019 compared to 1990

Answer 1

Extreme poverty fell from 35% in 1990 to 9% in 2019 (World Bank).

Question 2

How does Bangladesh demonstrate the “race to the bottom theory”?

Answer 2

Bangladesh’s garment sector—millions work in dangerous, poorly paid jobs (~$95/month). The 2013 Rana Plaza collapse killed over 1,100 workers, illustrating this exploitation.

Question 3

What waste impact of the SAP in Zambia on poverty ?

Answer 3

In Zambia, SAP-led privatisation caused mass layoffs, driving poverty from 49% (1989) to over 80% by the mid-1990s

Question 4

Today, what % of Sub-Saharan Africa is in extreme poverty ?

Answer 4

Today, ~38% of Sub-Saharan Africans remain in extreme poverty, and 75% of the region’s exports are still unprocessed raw materials, leaving these economies highly vulnerable to global price fluctuations.

Question 5

Relating to free market capitalism modernisation - what did India’s 1990 reforms lead to?

Answer 5

India’s 1990s reforms led to 6–7% annual growth, particularly in IT/services. Poverty fell from 45% in 1993 to ~6% in 2024.

Question 6

What statistic demonstrates that the global wealth inequality is stark?

Answer 6

Globally, wealth inequality is stark: the richest 1% control 38% of wealth; the poorest 50% hold <2%.