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The Causes of Poverty and Underdevelopment

The Causes of Poverty and Underdevelopment. Disparities of wealth The richest 1% of people own nearly half of all of the wealth on the planet. The richest 10% of people claim 86% of global wealth. Gap in average incomes between developed and underdeveloped countries 1820: 3 to 1

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The Causes of Poverty and Underdevelopment

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  1. The Causes of Poverty and Underdevelopment

  2. Disparities of wealth The richest 1% of people own nearly half of all of the wealth on the planet. The richest 10% of people claim 86% of global wealth. Gap in average incomes between developed and underdeveloped countries 1820: 3 to 1 1950: 35 to 1 1973: 44 to 1 1992: 72 to 1

  3. Theories of Poverty 1. Climatic theory Baron de Montesquieu (1689-1755), L'esprit des Lois (1748) 2. Classical economics Adam Smith (1723-90). The Wealth of Nations 3. Population theory Thomas Malthus (1766-1834). The Principles of Political Economy (1820). 4. The division between labour and capital Karl Marx (1818-1883). Capital (1867). 5. Imperialism and the ‘Drain of Wealth.’ Dadabhai Naoroji (1825-1917). Poverty and Un-British Rule in India (1901) 5. The Capitalist Ethos Max Weber (1864-1920). The Protestant Ethic and the Spirit of Capitalism (1905) 6. Dependency theory André Gunder Frank (1929-2005). Capitalism and Underdevelopment in Latin America (1967).

  4. 1. Climatic theory Baron de Montesquieu (1689-1755), L'esprit des Lois (1748)

  5. 2. Classical economics Adam Smith (1723-90). The Wealth of Nations

  6. 3. Population theory Thomas Malthus (1766-1834). The Principles of Political Economy (1820)

  7. 4. The division between labour and capital Karl Marx (1818-1883). Capital (1867)

  8. 5. The Capitalist Ethos Max Weber (1864-1920). The Protestant Ethic and the Spirit of Capitalism (1905)

  9. 5. Imperialism and the ‘Drain of Wealth.’ Dadabhai Naoroji (1825-1917) Poverty and Un-British Rule in India (1901)

  10. 6. Dependency theory André Gunder Frank (1929-2005). Capitalism and Underdevelopment in Latin America (1967)

  11. Seattle 1999

  12. Anti-globalisation protest Seattle 1999

  13. Seattle 1999

  14. Occupy Wall Street protest 2011

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