The economics of FOOD

The economics of FOODDisparity; Cycle of poverty; 1st and 3rd world gapDisparityRefers to differences in the distribution of economic assets (wealth) and income within or between populations or individuals. The term typically refers to inequality among individuals and groups within a society, but can also refer to inequality among countries. The issue of economic inequality involves equity, equality of outcome, equality of opportunity, and life expectancy.

POVERTY CYCLE

Global classificationNorth:refers to the 47 countries with high human development that have a Human Development Index above .8 North America, Western Europe, Japan.

South: refers to the countries of the rest of the world, most of which are located in the Southern Hemisphere. It includes both countries with medium human development (88 countries with an HDI less than .8 and greater than .5) and low human development (32 countries with an HDI of less than .5)

Latin America, South and Southern Asia, Middle East, Africa, Pacific Region.

The Global South faces many issues but the most important is economic development.

Global classificationFirst World :Highly Industrialized Countries located in Western Europe, North America, and Japan.used to be called the Free World or the West.have primarily free-market economies and democratic forms of governmentLow birth rate / longer life expectancyHigher degree of obesity (1st world diseases)

Global classification Second World:Centrally planned communist countries.Since the former Soviet Union and its Eastern European Iron Curtain States have collapsed and adopted a semi-capitalistic market economy, this term has become antiquated. However, China, Cuba, Vietnam, and North Korea remain as communist states with centrally planned or, at least in the case of China, government-dominated economies.Global classificationThird World:refers to all the underdeveloped countries of Asia, Africa, and Latin America. In recent times, "under-developed has been perceived as a pejorative term and the term "developing countries" was substituted. Since, in fact, all regions of the world are developing in some way or another, including the West or First World; the term Global South is often applied to countries with low per capita income (