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➡️Hi, thanks for watching our video about: "The global North - South divide (WEALTH DIVIDE)" Despite very significant development gains globally which have raised many millions of people out of absolute poverty, there is substantial evidence that inequality between the world’s richest and poorest countries is widening. In 1820 western Europe's per capita income was three times bigger than Africa’s but by 2000 it was thirteen times as big. In addition, in 2013, Oxfam reported that the richest 85 people in the world owned the same amount of wealth as the poorest half of the world’s population. Today the world is much more complex than the Brandt Line depicts as many poorer countries have experienced significant economic and social development. However, inequality within countries has also been growing and some commentators now talk of a ‘Global North’ and a ‘Global South’ referring respectively to richer or poorer communities which are found both within and between countries. For example, whilst India is still home to the largest concentration of poor people in a single nation it also has a very sizable middle class and a very rich elite...... WAATCH FOR MORE DETAILS. ABOUT OUR CHANNEL Our channel is about Economic development. We cover lots of cool stuff such as geopolitics, and finance including financial education. Check out our channel here: ➡️ / @the_wealthlab3644 Don’t forget to subscribe! SUBSCRIBE so you never miss another video. CHECK OUT OUR OTHER VIDEOS ➡️ • China Geography Problem (There's a cr... ➡️ • IS COVID-19 BOOSTING INNOVATION | THE... ➡️ • Mafia economics (HOW DO THEY MAKE MON... ➡️ • The Ocean is Getting Less Salty Follow us on Instagram @the_wealthlab. Let us know what videos you would like to see next in the comment section. 🔶🔷🔶🔷🔶🔷🔶🔷🔶🔷🔶🔷🔶🔷🔶🔷🔶🔷🔶🔷🔶🔷🔶🔷🔶🔷🔶🔷 WANT TO HELP US PRODUCE MORE CONTENT LIKE THIS? Liked the in-depth research and want to help us do more? for donations please visit: https://www.paypal.com/paypalme/4thew... We hope you enjoy and gather all the information you need. (Please remember to subscribe for more amazing informative videos). THANKS! ***NEW VIDEOS EVERY WEEK*** ⚡Disclaimer: The information on this youtube channel is for educational & informational purposes only.⚡ ⚡Disclaimer: This description includes affiliate links⚡. GET IN TOUCH Contact us on [email protected] FOLLOW US ON SOCIAL Get updates or reach out to Get updates on our Social Media Profiles! Instagram ➤ / the_wealthlab DONATE HERE https://www.paypal.com/paypalme/4thew... #thewealthlab #economicdevelopment Related Searches: global north and global south what is the difference between south and north divide why is there a north and south divide in the world