-Caveat Lector-
from: Joshua2
Some facts to ponder for pro-Free Traders.
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World Trade Oragnisation: special report
Sunday November 28, 1999
In a major speech to the World Trade Organisation meeting in Seattle
tomorrow, International Development Minister Clare Short will tell a
largely hostile audience that the world's richest 225 individuals have a
combined wealth equal to the annual income of the poorest 47 per cent of
the world's population (which passed the six-billion mark earlier this
year). She will argue that only with fairer international trading can the
world tackle such inequities as:
1. The 48 least developed countries accounting for just 0.4 per cent of
world trade.
2. Only $5 trillion of the world's total economic wealth of $23 trillion
being accounted for by developing countries with 80 per cent of the global
population.
3. Worldwide, 1.3 billion people living on just 60p a day.
4. The highest incomes being in Singapore, Switzerland and the US with the
lowest being in Ethiopia, Mozambique and Sierra Leone.
5. According to the UN, if the world's richest 200 people were to give up 1
per cent of their wealth each year, they could pay for every child on Earth
to have free access to primary education.
6. The top fifth of the world's population owning 86 per cent of global
wealth, controlling 82 per cent of the world market, 68 per cent of foreign
investment and 74 per cent of phone lines while the bottom fifth score just
1 per cent in each of these categories.
7. Nearly 75 per cent of the world's telephone lines being in the West
though it has only 17 per cent of the global population.
8. On the Internet, 80 per cent of websites being written in English,
understood at best by just 10 per cent of the global population.
9. The cost of a computer in the US being an average one month's pay. In
Bangladesh it is the equivalent of eight years' salary.
10. Each of the tiles in Bill Gates' kitchen costing �450, double the
average annual income in Africa's poorest countries.
Compiled by Dorota Nosowicz
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