By Danilo J. Anton
Ebook by means of Anton, Danilo J.
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Extra info for Diversity, Globalization, and the Ways of Nature
The role of Third World countries in European commerce is less important. Starting in 1988, a second major commercial bloc was formed in North America when the United States and Canada negotiated a free trade agreement. In 1993, an agreement was reached between these two countries and Mexico to ensure its integration into the process through the North American Free Trade Agreement (NAFTA). The formalization of this treaty has generated strong opposition from some sectors of both the Canadian and the American public who believe that opening the borders will release a flood of companies moving south to Mexico in search of a less-expensive environment, while posing the risk of increased immigration to the United States and Canada.
Page 14 The difference between the real incomes of the poorest and richest people in the world is huge. Annual per-capita income in the 16 richest countries varies from $10 420 to $21 250, averaging about $15 000. At the other extreme, the annual per-capita income in the 25 poorest countries ranges from $80 (Mozambique) to $350 (India), with an average of about $220. Five days’ accumulation of per-capita income in the 16 richest countries (total population, 725 million) is equal to 1 year of per-capita income in the 25 poorest (total population, 1 575 million) (WRI 1992).
At the other extreme, the annual per-capita income in the 25 poorest countries ranges from $80 (Mozambique) to $350 (India), with an average of about $220. Five days’ accumulation of per-capita income in the 16 richest countries (total population, 725 million) is equal to 1 year of per-capita income in the 25 poorest (total population, 1 575 million) (WRI 1992). These figures are averages, however. The income of the poorest people in the poorest countries is considerably lower than the national average.