GLOBALIZATION, ECONOMIC GROWTH VERSUS WEALTH TO POVERTY RATIO (Globalizacja, wzrost gospodarczy a relacje biedy i bogactwa)

• Authors: Bocian Andrzej F.
• Languages of publication: PL

Abstracts

EN

For over 30 years now globalization has been exercising a great impact on national economies. Global growth dynamics has always been closely related to growth in countries considered economically strong. This paper is set against the background of gradual, yet clearly noticeable changes in the global GDP breakdown with special emphasis put on the role the BRICs (Brazil, Russia, India and China) will play during the next five years. The issue of each country's participation in generating the global growth is coupled with an issue regarding participation in profits of global growth as well as calls of reverse redistribution of profits earned only by several counties. The GDP per citizen reveals the truth about actual wealth of different nations as it outlines drastic differences in the quality of living among countries and regions of the world. Upon analyzing data for the past millennium it has been easy to draw a breaking line between wealth and poverty. Data regarding the population living below the poverty line (% living on less than 1USdollar per day) and its accumulation in certain regions of the world is positively shocking. These circumstances pose a viable threat not only to global economic balance but also to safety of nations.

Keywords

EN

ECONOMIC GROWTH; GLOBALIZATION; POVERTY; WEALTH

Discipline

• ECONOMICS: ECONOMICS

• Journal: Optimum. Studia Ekonomiczne
• Year: 2008
• Issue: 4(40)
• Pages: 109-133
• Document type: ARTICLE

Contributors

author

Bocian Andrzej F.

• Andrzej. F. Bocian, Uniwersytet w Bialymstoku, Wydzial Ekonomii i Zarzadzania, ul. Warszawska 63, 15-062 Bialystok, Poland

Identifiers

CEJSH db identifier

09PLAAAA062222