Unit 3 - Global Resource Consumption & Security
Unveiling The Triumph: Global Middle Class & Poverty Alleviation 2000-2015
Table of content
Key points 👇
🚀 Success of Millennium Development Goals (MDGs): From 1990 to 2015, extreme poverty rates dropped from 50% to 14% in Low-Income Countries (LICs). Imagine half of a soccer field filled with people. By 2015, only the goal area would be filled! In numbers, extreme poverty fell from 1.9 billion (👥) to 836 million (👥).
💰 Rise of the Middle Class: There was a rise in people earning at least $4/day. It was like seeing your town's population triple! This happened between 1900 and 2015, growing from 18% to nearly 50% in LICs.
🌏 Middle Class Around the World: By 2009, 1.8 billion (👥) people were middle class. Europe's middle class could fill up the NFL's biggest stadiums more than 9000 times (664 million), Asia's 7000 times (525 million), and North America's 4500 times (338 million).
💼 Economic Security: Not all middle class are economically secure. Some people earning over $4/day still face issues like unemployment and underemployment, just like a singer waiting for their big break but only getting small gigs.
📉 Uneven Progress in Poverty Reduction: Like trying to mop a floor with a leaky bucket, not all progress was positive. Approximately 800 million people remained in extreme poverty, and around half of all global workers work in unsafe conditions.
💡 Case study - economic growth in vietnam 🇻🇳 💡
📈 Rapid Economic Growth: Since 1990, Vietnam's economy has grown an average of 6% per year. It's like if a local pizza shop turned into a national pizza chain!
👶 Youthful Population: Vietnam has a young population (average age: 30) which gives it a competitive advantage. Picture a class of high school sophomores compared to a room of mid-career professionals.
🏫 Investment in Education: Vietnam spends 6.3% of its GDP on education, like a family spending more money on books and tuition than most others in the neighborhood.
🌐 International Relations: It is a member of the Trans-Pacific Partnership (TPP) and has trade agreements with major economies like the USA, Japan, and Korea. It's like being part of a popular club and having VIP access!
📦 Trade and Employment: Vietnam exports more mobile phones and textiles than anything else, and most of the people work in agriculture (46.8%), followed by services (32%) and industry (21.2%). It's like a town where nearly half of the people are farmers, but there are also plenty of shopkeepers and factory workers.
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Unit 3 - Global Resource Consumption & Security
Unveiling The Triumph: Global Middle Class & Poverty Alleviation 2000-2015
Table of content
Key points 👇
🚀 Success of Millennium Development Goals (MDGs): From 1990 to 2015, extreme poverty rates dropped from 50% to 14% in Low-Income Countries (LICs). Imagine half of a soccer field filled with people. By 2015, only the goal area would be filled! In numbers, extreme poverty fell from 1.9 billion (👥) to 836 million (👥).
💰 Rise of the Middle Class: There was a rise in people earning at least $4/day. It was like seeing your town's population triple! This happened between 1900 and 2015, growing from 18% to nearly 50% in LICs.
🌏 Middle Class Around the World: By 2009, 1.8 billion (👥) people were middle class. Europe's middle class could fill up the NFL's biggest stadiums more than 9000 times (664 million), Asia's 7000 times (525 million), and North America's 4500 times (338 million).
💼 Economic Security: Not all middle class are economically secure. Some people earning over $4/day still face issues like unemployment and underemployment, just like a singer waiting for their big break but only getting small gigs.
📉 Uneven Progress in Poverty Reduction: Like trying to mop a floor with a leaky bucket, not all progress was positive. Approximately 800 million people remained in extreme poverty, and around half of all global workers work in unsafe conditions.
💡 Case study - economic growth in vietnam 🇻🇳 💡
📈 Rapid Economic Growth: Since 1990, Vietnam's economy has grown an average of 6% per year. It's like if a local pizza shop turned into a national pizza chain!
👶 Youthful Population: Vietnam has a young population (average age: 30) which gives it a competitive advantage. Picture a class of high school sophomores compared to a room of mid-career professionals.
🏫 Investment in Education: Vietnam spends 6.3% of its GDP on education, like a family spending more money on books and tuition than most others in the neighborhood.
🌐 International Relations: It is a member of the Trans-Pacific Partnership (TPP) and has trade agreements with major economies like the USA, Japan, and Korea. It's like being part of a popular club and having VIP access!
📦 Trade and Employment: Vietnam exports more mobile phones and textiles than anything else, and most of the people work in agriculture (46.8%), followed by services (32%) and industry (21.2%). It's like a town where nearly half of the people are farmers, but there are also plenty of shopkeepers and factory workers.
Unlock the Full Content!
Dive deeper and gain exclusive access to premium files of Geography SL. Subscribe now and get closer to that 45 🌟