Economics
By Walter and Rohan
This page is about the world economy. As you saw on the FrontPage, this project is based on the book If The World Were A Village by David J. Smith. In this book, the world is reduced to a village of 100 people, with one person equalling 64 million people. This is done to make numbers easier to comprehend, and make percentages easier to understand. Therefore, with so many people in the real world, compared to the Global Village, the numbers have to be rounded, to make them work in the Global Village. In this Wiki, we aim to go over and above the data in the book. ~ Pete and Katherine
- 20 people in the village earn over 25 a day
- 20 people earn less than $1 a day.
- 60 people earn somewhere in between $1 and $25 a day.
- The cost of food and other neccessities is around 12 dollars a day.
World Economy
The top ten richest countries per capita are (in GDP*):
1. Luxembourg...$56,380
2.Norway...$51,810
3.Switzerland...$49,600
4.United States...$41,440
5.Denmark...$40,750
6.Iceland...$37,920
7.Japan...$37,050
8.Sweden...$35,840
9.Ireland...$34,310
10.United Kingdom...$33,630
Top ten poorest countries per capita (in GDP*):
1.Burundi...$90
2.Ethiopia...$110
3.Democratic Republic of the Congo...$110
4.Liberia...$110
5.Malawi...$160
6.Guinea-Bissau...$160
7.Eritea...$190
8.Niger...$210
9.Sierra Leone...$210
10.Rwanda...$210
*GDP=Gross Domestic Product (per capita): The value of the things a person owns along with their money and everything they have.
Top of page
You notice that Africa is very light. This may have to do with the fact that the ten poorest countries inthe world are in Africa. The USA is in dark red, signifying the happiest level of happiness. If you compare the GDP chart with this map you can definetly see a connection; usually the standard of living is higher with more money.
US Economy
Charitable Donations Pay
The tax season is here now there is a secret that if you give a big donation than you will be recognized by the government and they will give you tax reductions. In some cases they are so big that you’re saving money by giving away money. It’s brilliant! You can donate almost any thing that is of value but you must have a very big amount of money to do this from the start. We aren’t guaranteeing anything. This is how the world works. What comes up must go down like in money. You give money and now it’s being given back.
Housing mortgages
Mortgages are getting higher and that isn’t good for the global village and there is an expected increase in repossessed houses. A dramatic increase by 42% will occur. That’s almost half in improvement. It’s going to be like a bubble to the world economy it’s going to get as big as it will let it then it will pop into scraps. Now might be the best time to sell your house. Many people agree including The Boston Globe you don’t want to lose a couple of thousand dollars. The economy might go down again. It’s very complicated. It’s the world.
Why we aren't as well off as we think we are
We have maintained a hold on the economy but some things are bad. We aren't as well off as we think we are and here's why. Inflation is increasing prices. The US dollar has lost a lot of value. A magazine joked that the US is now the world’s discount store. A CEO of a good company earns twice as much as the second executive. But at least we’re not as bad off as Africa. In the Dem. Rep. of Congo the GDP per person is $700! The average US person’s GDP is $43,800. ‘Stagflation’ basically sums up all of our costs: it is rising food prices, energy prices and slow growth. Of course, gas demands are going up so the process of inflation by supply-and-demand is happening. Gas is becoming an essential, and scientists are struggling to find a substitute in order to stop pollution and conserve energy. The amounts of gas are going down as well. So we have to get back on track and eliminate what’s stopping us.
Credit Country
Everybody uses credit cards. Visa, Mastercard, American Express. Platinum, Gold, Silver, Special Membership. So many types, so many kinds. But that doesn't matter. What matters is that the world uses credit cards a lot, usually more than cash. A credit card allows the person to buy-now pay-later at the cost of interest. But sooner or later you're going to have to pay the bills. Credit cards can increase costs drastically, because interest rates can be very high. The interest rate depends on the amount borrowed. Paying with cash means you have the money to pay. You're smart if you can find a way to pay with cash for everything. Credit cards may make people profit, or lose. It depends on their salary, because that's their budget. Some of it has to go to the bills. The effect on the economy will eventually show up.
Stock Market
Buy, sell, buy, sell! In the stock market you acquire shares and sell them for a profit. Here's how it works. A company tells you about how well it is going to do. They try to convince you to buy a share: a small section of the companies' profits so that when the company makes money, you get a small share. The more shares you own, the more you'll earn if they profit. But it's a big risk to buy a lot of shares in a company because if the company goes down, your share value plummets. The share value determines what you can sell it for. Shareholders attempt to sell for a profit.
Taxes
Let's put tax cuts in terms everyone can understand. Suppose that every day, ten men go out for dinner. The bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:
The first four men — the poorest — would pay nothing; the fifth would pay $1, the sixth would pay $3, the seventh $7, the eighth $12, the ninth $18, and the tenth man — the richest — would pay $59.
What do first, second and third world mean?
First world refers to a place which has high technologies, people have a high standard of living and it is usually a democracy. Second world refers to communist places with a Soviet Union influence. Third world refers to a country which is totally underdeveloped.
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Comments (Show all 43)
Amos said
at 9:12 am on Feb 8, 2008
I would not have been able to find "top ten poorest countries" (which doesn't make sense anyway) if I hadn't looked really closely.
me said
at 9:52 am on Feb 8, 2008
maybe you should make "top ten poorest countries" larger and a further down( press return)
spud said
at 9:52 am on Feb 8, 2008
you might want to add a little bit(there are a lot of blank areas)
May said
at 10:24 am on Feb 8, 2008
yaeh, it could use a little work.
na\'im said
at 11:27 am on Feb 13, 2008
You need to fix this page. It's a bit fluffy. I have a site for you.
http://www.google.com/Top/Science/Social_Sciences/Economics/
Shelby said
at 11:54 am on Feb 13, 2008
It's better now
May said
at 11:56 am on Feb 13, 2008
Ok, here are my tips. You need to work on keeeping font consistent and make the look a little more meaty. It is kind of spread out. Also at the top the Link to Front Page looks like this: FrontPage. That is kind of weird. Also the "TOP ten poorest countries" doesn't make sense.
Ellie said
at 12:01 pm on Feb 13, 2008
I think that you guys have a lot of really good information. The only problem is that your page... is kind of... it just doesn't catch your attention very much. It just didn't make me want to read it that much. I kind of wanted to skip through the whole thing. Thanks! Potato.
shoshie the shoshie said
at 12:06 pm on Feb 13, 2008
I agree with elllie tottaly. The page looks like it has a lot of information, but it also looks boring, I really had to concentrate hard on the text to understand it.
Jiyu said
at 7:48 am on Feb 14, 2008
I really liked your page. Like Ellie and Shoshie, it was sort of hard to concentrate. One thing you might want to include is who wrote the page. It's confusing when you're reading the page and it doesn't have anyone's name on it.
Gary Falgout said
at 11:26 am on Feb 14, 2008
The pages are starting to come together. It is looking really good. Your comments should give more details. Also, it is very important that YOU LOG OUT each time or your name will stay in the edit page and anyone can change content under your name.
Andrea Bittle said
at 11:34 pm on Feb 14, 2008
Questions not yet addressed:
* Richest and poorest countries - have you thought about showing these countries on a map? How could you do that?
*What determines if a country is rich or poor?
*HOW does a country become rich or poor? What does it need?
Amos said
at 10:30 am on Feb 25, 2008
I think that this is a very interesting page but a lot of your sentences are too long or don't make sense. Try reading the whole page out loud to each other and making comments.
Amos said
at 10:33 am on Feb 25, 2008
The US dollar has a lot of value???? Didn't Mr. Falgout say that Euros are taking over??? Try again.
Amos said
at 10:35 am on Feb 25, 2008
Also, may is right. TOP (TOP) ten poorest countries make zilch sense
Amos said
at 10:39 am on Feb 25, 2008
One more thing. All your information is squished together and it is kind of hard to follow.
na/im said
at 10:49 am on Feb 25, 2008
In the not as good of as we think we are section why in the CEO and second executive thing on there? IN MAKES NO SENCE!
na/im said
at 10:50 am on Feb 25, 2008
I mean It instead of In
Maggie-May said
at 11:01 am on Feb 25, 2008
On resources you have know sources. It is kinda obvious that you did it from prior knowledge. Do research.
Amos said
at 11:36 am on Mar 3, 2008
Title highlight;
spacing
Da Niel said
at 11:38 am on Mar 3, 2008
Put spaces where appropriate
Katherine said
at 11:38 am on Mar 3, 2008
i liked it, but your happiness graph is confusing and i would like you to write something about it. Also, you said to double click to learn about each country;it doesn't work.
shoshie the shoshie monster said
at 11:42 am on Mar 3, 2008
this is really a lot better. You had a big US Economy sign at the top, but you never had a world economy sign or anything. Maybe someone in Europe is on their computer and sees that. They might want something on Europe. Maybe you should do all the continents (Asia, Africa, North America, Europe, South America). Of course I didn't add Antarctica, because there is not enough people living there.
na\'im said
at 11:45 am on Mar 3, 2008
What you really need is to do more research and to write more about the GDP and less about what you want to do.
P.S. add more about the happeness graph
May said
at 12:11 pm on Mar 3, 2008
Keep font size consistent. Does more then half the global village really earn between $1 and $25 a day. That doesn't seem right. It is the global village not the world. The happiness graph doesn't work.
Emipoo said
at 12:26 pm on Mar 3, 2008
I think you need to do more work.I also thinkk that U guys change topics toooooo kwicklee eye like tha ecsplanaeshun changeing tha font toooooo much is to bad fur U tha subjekt juumps tooooo much
Rohan said
at 1:22 pm on Mar 4, 2008
As I said before, the font thing is a TECHNICAL problem. Some things typed on Word and pasted don't change font. Also, about the $1-$25 a day thing: it is based on a village of 100 so you still have to convert to regular world facts.
Elllie said
at 1:32 pm on Mar 4, 2008
I think that Emipoo is right, in the fact that you peeplz need to make your transitions from subject to subject a little less convoluted. I also agree that if we were to have a bit more time, you guys could work on more content about places other than the U.S. Hopefully we will get some visitors not originally from the United States. I also agree with Rohan that you should convert it to regular world facts as well as make it more clear that you are talking about the Global Village.
Cole said
at 1:43 pm on Mar 4, 2008
Great page! Though i agree with Elllie. I think if u copy ur text into a word document, highlight it make it the same font, and copy it back into the page the font should be consistent. Oh, and put sources right under the image. So keep up the good work.
Shelby said
at 1:46 pm on Mar 4, 2008
Maybe you should consider titles or bridges before changing subject as abruptly as you do, but it is shaping up nicely.
Da Niel said
at 2:42 pm on Mar 4, 2008
For what GDP stands for, I don't think u should put it on the bottom of the page, I think that it should b pretty close to where GDP actually is.
Rachel said
at 6:33 pm on Mar 5, 2008
I like your page guys! I loved the happiness graph. However, I wish that you could include more about it. Right now you don't have anything about it. It is just another graph on your page. If you could add some more info I think that it would capture a lot more peoples' attention!
Andrea Bittle said
at 10:25 pm on Mar 7, 2008
http://www.globalexchange.org/campaigns/
Gosh, I wish I had found this site earlier. Check it out!
Walter said
at 12:51 pm on Mar 18, 2008
I think your right Rachel and we will add some more about that graph but we will move the picture to the main page because I think that it is more of a general graph. I like your ideas Rachel keep posting
may&addy:2mindsthatthinkalike said
at 1:31 pm on Mar 18, 2008
This is a really fascinating topic. However, try to keep all fonts and font sizes consistent, other than the titles. Also, try to capitalize all appropriate titles, and such. We agree with rachel about how you guys should include more about the happiness graph. On the top of the page, there should probably be more space between the bullets about how much people get paid, and how much daily needs cost. Please include more information on that.
We really like the format of this page. Unfortunately, we kind of consider the poorest and richest countries part to be very boringly displayed. Possibly you could display this information in a colorful, fun, yet not too distracting graph of some sort. Then you could give description on the graph.
This is an amazing page, but in the happiness map, it says it is interactive, but then later, you guys say that it is not, that it is just a screenshot. If it is a screenshot, you could cut out the part that says it is interactive.
This is a really cool page, but try to keep the font sizes of the titles the same.
We really enjoyed looking, reading, and commenting on your page. We appreciate you reading through this entire comment.
Ro Han said
at 1:44 pm on Mar 18, 2008
As for the font size, it's a technical problem and can't be fixed, and I'd like you to point out where we DON'T capitalize titles. We would like to put in a happiness graph we can put information in about, but we can't delete the current graph. If you really want more information, show us how to delete a picture. It takes time to make a graph, so please allow us some extra time to do so. Also, we did not take a screenshot of our picture, we instead got it from the Internet. That means that the picture came with the words "Interactive", and as I stated before, we don't know how to delete a picture. We will tend to your comments. Thank you for using our customer service.
Walter said
at 1:51 pm on Mar 18, 2008
you can stop putting so many comments stop right there margret
may&addy:2mindsthatthinkalike said
at 1:53 pm on Mar 18, 2008
Ok, then! That is fine. And, like, everywhere! Whoa, that is so weird That is all...us!
Maggie-May said
at 7:47 pm on Mar 20, 2008
You need to check your spelling. You start talking about map a la non-existant. Where is it? Capatilize titles. oH yes, you have to much about the U.S.A. This is a GLOBAL village, not a U.S. village. Also you need to do:
U dot S dot A dot
not just:
U S A
Thanks.
Shelby said
at 10:47 am on Apr 1, 2008
Just a little tip about your graph, you should center it. Also, you should take another screen shot of it, because of the 'plot area' sign. The same thing happened to my graph, and instead of taking a screen shot of the graph on exel, I took one of the copy of your graph on your word document/brochure. You might want to try doing that. All in all, your page is turning out very nicley.
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