Global wealth doubled from $14 trillion to $28 trillion in one decade -  1. True or false? _____

According to the World Bank, this wealth has reduced global poverty -  2. True or false? _____

Almost one fourth of the world=s population (1.2 billion people) lives on less than $1 per day, the measure for extreme poverty - 3. True or false? _____

Almost 50% of the world=s population lives on less than $2 a day, the measure for poverty -  4. True of false? _____

About forty countries today are poorer than they were twenty years ago -  5. True or false? _____

The top seven developed countries in the world (called the G-7) have 10% of the world=s population and 63% of the wealth -  6. True or false? _____

Seventy-five percent of the world=s population lives in the 133 nations which are still developing (called the G-77), but these 133 nations combined have only 20% of the wealth -  7. True or false? _____

Women suffer harsher consequences in the global economy. Women and their children make up more than 70% of the poorest people on earth -  8. True or false? _____

Two-thirds of the 125 million children in the world who do not go to school are girls -   9. True or false? _____

Workers have, for the most part, benefited from globalization -  10. True or false? _____

In the last two decades, more basic services have been given to private for-profit corporations (privatization) in the U.S. and abroad -  11. True or false? _____

TRUE/FALSE QUIZ ON GLOBALIZATION
Answers and Explanations

1. Global wealth doubled from $14 trillion to $28 trillion in one decade. True.

2. According to the World Bank, this wealth has reduced global poverty. False.

In a single day under globalization, poor countries lose nearly $2 billion due to international trade, 30,000 children die from preventable diseases, and $60 million drains from poor countries to rich ones through debt payments.

3. Almost one fourth of the world=s population (1.2 billion people) lives on less than $1 per day, the measure for extreme poverty. True.

4. Almost 50% of the world=s population lives on less than $2 a day, the measure for poverty. True.

5. About forty countries today are poorer than they were twenty years ago. False.

Sixty countries are poorer today than twenty years ago.

6. The top seven developed countries in the world (called the G-7) have 10% of the world=s population and 63% of the wealth. True.

7. Seventy-five percent of the world=s population lives in the 133 nations which are still developing (called the G-77), but these 133 nations combined have only 20% of the wealth. False.

The G-77 countries have only 15% of the world=s wealth, despite the fact that they are home to 75% of the world=s people.

8. Women suffer harsher consequences in the global economy. Women and their children make up more than 70% of the poorest people on earth. True.

9. Two-thirds of the 125 million children in the world who do not go to school are girls. True.

10. Workers have, for the most part, benefited from globalization. False.

American CEOs are now paid 517 times as much as their production workers, whose real hourly wages went down 10% over the last 25 years.

11. In the last two decades, more basic services have been given to private for-profit corporations (privatization) in the U.S. and abroad. True.