I’ve now moved this post to my new site revisesociology.com
I’ve now moved this post to my new site revisesociology.com
I’ve moved this post to my new site – Revise Sociology – please click here to access it there
Why does the average person waste so much food?
According to the WRAP (2012) survey two reasons account for 80% of food wasted in the home –
Of course what the survey fails to look at is what food waste reveals about our culture. Here I’d suggest the following ‘deeper-level’ reasons for there being so much food waste…
‘Food materialism and choice culture’ – I’m sure many people overbuy during a weekly shop simply because of the attraction of a full-trolley and a well stocked fridge. Then there’s the fear of running out choice – Technically if you shop once a week, say on a Saturday, you would end up with a limited choice of meal on a Friday. We do live in a materialist culture which offers us lots of never ending choices, surely the number one reason for the over-purchasing of food is simply the unconscious replication of a (moneyless) supermarket in your kitchen?
Throw away culture – straight from my current favourite Sociologist – Z. Bauman – argues that the way we distinguish ourselves today is the rapidity with which we can use things up and then discard them – While I don’t think this quite appeals to our approach to food (I’m sure it’s generally regarded as shameful to throw away food), the fact that we are used to generating waste as part of our consumerist norms is hardly going to do anything to put us off throwing away food.
What I call the ‘Masterchef effect’ – Buying particular items to make a particular recipe, not quite using all of the items bought and lacking the ingenuity to innovate around left-overs, resulting in bits of food getting thrown away. The more complex the recipe, the more obscure ingredients to throw away next week.
Occasional ‘top up buying’ in order to satisfy whimsical desires for a particular meal – which means what you’ve already got in the fridge goes off. We do live in a culture of instant-gratification after all, so if I want stir fry tonight and pizza tomorrow and this means throwing away yesterday’s pasta the day after tomorrow, then wtf not?!
Hurried Lives – meaning we either don’t have the time or the energy to cook so we have beans on toast instead, meaning the fresh veg goes off. On the occasion I do waste food, this is my number one reason…
It’s not exactly a causal factor, just a perpetuating one: it’s hardly in the government’s interest to clamp down on food waste. The agri-food sector contributed £97.1 billion or 7.4% to national Gross Value Added in 2012. We may well throw £12 billion of this in the bin every year, but I’m sure it doesn’t cost that much to take it to land fill. If we didn’t throw away this food, then demand would fall and we’d lose 1% of our GVA. That’s a massive chunk of cash. Actually it’s more than the entire International Aid Budget.
What’s above are just a few Sociological meanderings on the matter of Food Waste, comments welcome…
Food Waste in the United Kingdom
The average person will spend £16 000 over the course of their lifetime on food which they will then throw away. That’s getting on for one year’s worth of wages on the median salary once taxes are taken into account.
In 2012, 15% of edible food and drink purchases were wasted at an estimated cost of £480 per year for an average household. This figure includes domestic shopping and meals out. If you divide this by 2.4 (the average number of people in a household) and multiply by 81.5 (average Life Expectancy) then this means the average person will spend just under £16 000 over the course of their lifetime on food which will be wasted.
Of food brought into the household (excluding waste generated by supermarkets and restaurants etc), £12.5 billion was wasted in 2012.
By cost, the largest food groups wasted were:
On a day to day basis this means in the UK we throw away…
Of course this is just the tip of the iceberg when it comes to the economic inefficiency of our food strategies. Some of the food we eat is effectively wasted because it simply goes towards making us overwight (37% of UK adults) or obese (25% of the UK adults). This then means we spend additional resources on diet regimes and gym memberships in order to lose said weight, or we pay more collectively through the NHS to deal with higher rates of weight-related illnesses.
Finally, one could say that the way we source our food is also inefficient – We only grow 53% of our food supply within the UK (I say only, I actually thought it was nearer to 40%) which means we also bear the cost of international food miles where imports are concerned. (Although in fairness, much of this comes from Europe, parts of which are not much further away than parts of the UK are from each other.)
Related Posts –
Why does the average person waste so much food?
DEFRA – Food Statistics Pocketbook 2013
A summary of The End of Poverty Chapter Eight – The Voiceless Dying: Africa and Disease
I’ve just finished re-reading this – It mainly focusses on how Malaria and AIDs have prevented development in Sub-Saharan Africa and what can be done about it – basically a precursor to the establishment of the Millennium Development Goals. It’s 10 years old now, but fascinating nonethless, especially if you read it along with current progress reports on efforts to combat these two diseases I’ll add in a few updates on the later l8r.
The chapter begins by reminding us that corruption alone is not enough to explain Africa’s poor economic growth in the post-colonial period. In fact, charging Africa with corruption is hypocritical – little surpasses the cruelty and depredations that the West has long imposed on Africa, firstly in the form of Colonialism itself which left Africa bereft of educated leaders and infrastructure, and with arbitrary boarder lines which divided ethnic groups, water courses and mineral deposits in arbitrary ways.
On top of this, as soon as the cold war ended, Africa became a pawn in the Cold War. Assistance was refused to governments who were seen to be pro-communist and some terribly oppressive regimes were actually supported if they were seen to be anti-communist….The most obvious example provided is the installation of Mobutu Sese Seko in the now DRC following the murder of the first Primeminister of the Congo – Patrice Lumumba by CIA and Belgian Operatives, with a similar process happening in at least Angola, Ghana, South Africa (US support for Apartheid), Mozambique and Somalia.
Sachs now cites a 1965 CIA report which summed up the potential for economic growth in Africa as minimal, and stated the view that Africa was unlikely to receive signficant enough investment from the US to make a difference – basically what Africa needed was a Marshall Plan level of investment, but the US was not prepared to invest this money in Africa.
Instead, what Africa got (during the 1980s and 1990s) was Structural Readjustment Policies which encouraged ‘budgetary belt tightening’ which left many African countries poorer by 2000 than they were in the 1960s immediately after the end of colonial rule. Sachs says that these policies had little scientific merit and produced little results
Deeper Causes of African Poverty
Sach’s starts of this section by pointing out that the corruption levels between 1980 – 2000, as measured by Transparency International, were higher in various Asian countries (for example Pakistan, India and Bangladesh) compared to various African countries (for example Malawi and Mali), and yet Asian countries grew at around 3% a year, while Africa stalled. NB – it’s worth noting as a quick aside that a 3% year on year growth rate might not sound like a lot, but over 20 years this compounds signficantly.
Sachs draws on his visits to Sub-Saharan Africa (the first in 1995) to explain the factors which have hindered economic growth…..
Environmental factors hinder attempts towards economic growth – Disease, Drought and distance from world markets are all features of the African environment – Adam Smith, in fact, noted in 1776 that Africa lacked the kind of navigable rivers which gave Europe an advantage in world trade.
To emphasise this Sachs also talks about just how dispersed the rural populations of Africa are, which, combined with poor soil fertility, hinder their ability to produce sufficient food for themselves, let alone producing enough to export.
Then he gets onto the prevalence of disease – AIDS was already rampant by the mid 90s, but he also cites Malaria – he states that all of his Africa Colleages lost a few days a year to boughts of Malaria, some of the boughts being serious and leading to hospitalisation. He says that nowhere on earth had he experienced so much illness and death as in Sub-Saharan Africa – in the year 2000, SSA’s LE stood at 47, a good 20 years below Asia’s and 30 years below Europes.
According to the historian Angus Maddison, SSA had experienced the lowest levels of economic growth in the world even before colonial times, which leads Sachs to theorise that the disease burden may be able to explain both this long-term historical low economic growth rate and the more recent low growth rate.
There are some other factors which might explain low growth – Firstly poor leadership is sufficient to explain this in the case of Zimbabwe.
Next Sachs asks why there is such a lack of Free Trade Zones for exporting in Africa, given that these were the path to growth which Asian countries used form the late 1960s onwards, which grew mainly through exporting garments. There is one African country which did the same – Mauritius in 1968 – Here one ethnic-Chinese academic on the island happened to visit his brother in Taiwan . The brother was playing a lead role in the new export processing zones which were then being established in Taiwan, and his brother took the concept back to Mauritious, and the rest is history….
He then points out that free market reforms would not work in African countries which were caught in a poverty trap, especially those which are landlocked (15 countries are in Africa) – even those which had generally good governance.
The Malaria Mystery
Malaria is an entirely treatable disease, and yet it still claims 3 million lives a year, 90% of which are in Africa. After pointing to the correlation between low GDP and Malaria and then asks four questions….
Is it Malaria that causes poverty, or vice-versa? Or both?
Why was the Malaria problem so much worse in Africa
What was being done about the Malaria problem?
What more could be done?
Is it Malaria that causes poverty, or vice, versa, or both….?
Poor countries cannot afford Malarial prevention strategies – such as spraying with insecticide or putting up treated mosiquito nets, or even houses with doors and windows which keep the mosquitos out.
Malaria also prevents econommic growth – not only because of work days lost, but also because mass illness can stop infrastructure development projects in their tracks – Sachs reminds us that the building of the Panama canal was hindered because of Malaria.
Malaria also means high birth rates – when children die, parents overcompensate and have more children…. then large numbers of children and poverty means the family can only afford to educate one child, so large numbers of children enter adulthood with no education.
It also means those children who do get an education taking time of school because of sickness and poor education.
In short (p199) ‘Malaria sets the perfect trap: it impoverishes a country, making it too expensive to prevent and treat the disease. Thus malaria continues and poverty deepens in a truly vicious cycle.
Why is Africa more vulnerable than other regions?
Basically because of the disease ecology – a combination of high temperatures (the parasite develops faster), moist breeding grounds, and a variety of mosquito which prefers bighting humans rather than cattle means the transmission rate is higher in SSA than Europe and Asia (with the exception of Papua New Guinea). This all leads to the transmission rate being 9 times faster in Africa than it is in Asia.
However, Malaria is treatable and a combination of spraying, bed nets, and anti-malarial drugs means that no child at least needs to die from the disease.
What was being done (in 1995) to combat Malaria?
Hardly anything – tens of millions were being spent in aid, when $2-3 billion was required ($5billion a year in today’s money)…. The world bank was too busy arging for budget cuts and privatisation to even notice Malaria.
Africa’s AIDS cataclysm
Why is AIDs more of a problem in Africa?
No one’s really sure – the common assumption is that people have more sexual partners in Africa, although data puts this in doubt – So it might be that the patterns of copulation are different (more older men with younger women), it might be more concurrent relationships (faster turn over), it might be less use of condoms.
What are economic costs of AIDs?
This is possibly worse than Malaria, at the time 10s of millions of deaths – and many adults dying – teachers/ doctors/ civil servants, not to mention the strain on the health services, the heads of households being ill and the orphaned children. Also businesses don’t invest out of fear.
What was being done?
By the late 1990s, Anti-retroviral therapy in the West was giving people with AIDS hope – which meant more people were coming forwards to be tested for the disease, but only $70 million was being spent on combatting the disease in SSA. Apparantly the World Bank did not make one single loan specifically for combatting AIDs in the Africa from between 1995-2000.
Eventally Sachs ended up charing a WHO commission on macroeconomics and health which made the case for economic investment in health to improve economic development. They found eight major causes of disease in Africa – of which AIDs and Malaria were the top two.
The commission also suggested that $27 billion of aid focussed on health a year could save 8 million lives – equivalent to 1/000 of the combined annual income of all donor countries.
The birth of the global fund to fight AIDs, TB and Malaria
This was established in 2001, following agreement from drugs companies to provide AIDs drugs for the $500 cost price (for low income countries) rather than the $10000 market price in high income countries.However, there is still an ongoing battle to secure funding and encourage low income countries to implement the necessary procedures to make all this worthwhile.
In the final section of this chapter Sachs reminds us that Africa faces other barriers to growth rather than just disease – he notes that a combination of environment and poverty creates a poverty trap – He comes back again to the point that intermittent rain fall doesn not help crop fertility, but also the fact that the most heavily populated areas are the most fertile regions in Africa – which is Rwanda (and DRC I thought) – basically inland areas furthest away from the coast.
However, he notes that there are many things which could be done to assist Africa – Poor soil can be improved by organic and artificial fertilisers, irrigation schemes could help – (Africa, basically, needs its own Green Revolution), and infrastructure improvement could connect inland rural populations.
At the end of the day – if a combined effort of the International Community and African Countries can combat Malaria and AIDs, then the same can be done to improve farming and develop roads and electric infrastructure.
I’m reminded about one quote from near the beginning of the book – What does Africa need to focus on most urgently – health/ education/ infrastructure or what – the truth is, everything at once.
The chapter rounds off by mentioning that this was about to be put in place big time by the introduction of the Millennium Development Goals in 2015 – Which Sachs played a central role in….
This is just a quick post on the spread of Ebola… Can’t really not do something on this when you teach health and development…..
The spread of Ebola
As of 7th November 2014 there have been 13268 confirmed cases of Ebola and almost 5000 deaths from Ebola, spread across Sierra Leone, Guinea, and Liberia, with 1/2 people contracting the dieseas dying from it. This web site outlines the current cases and deaths from Ebola in West Africa and beyond…..
A report from September (Estimating the Future Number of Cases in the Ebola Epidemic—Liberia and Sierra Leone, 2014–2015) estimated that wthout additional interventions or changes in community behavior, by January 20, 2015, there will be a total of approximately 550,000 Ebola cases in Liberia and Sierra Leone or 1.4 million if corrections for underreporting are made. The report also noted that halting the epidemic requires that approximately 70% of Ebola cases need to be cared for either in Ebola Treatment Units or in a community setting in which there is a reduced risk of disease transmission and safe burials are provided.
What are the symptoms of Ebola?
In a nutshell, victims bleed to death.
AKA Ebola hemorrhagic fever, symptoms typically start between two days and three weeks after contracting the virus as a fever, sore throat, muscle pain, and headaches. Then, vomiting, diarrhea and rash usually follow, along with decreased function of the liver and kidneys. At this time some people begin to bleed both internally and externally.The disease has a high risk of death, killing on average 50 percent of those who contract it, often due to low blood pressure from fluid loss, and typically six to sixteen days after symptoms appear.
Ebola lives on in the deceased for at least three days…..and this is when Ebola is at its most contagious. All it takes is one tiny speck of any of the various body fluids associated with death to enter your body, and you’re infected.
Why is Ebola spreading so rapidly?
Here I focus on Sierra-Leone
(1) The first case….
The first confirmed Ebola case was in Sierra Leone was in May (2014), when a woman was admitted to a government hospital in Sierra Leone. The authorities traced her back to a well known healer in the region, who many people visited both from SL and from accross the border in Guinea, where Ebola had already been confirmed. This healer (for obvious reasons) contracted Ebola herself, and died, and this was seen as a seminal event in Ebola’s spread, with 365 deaths being traced back to her well-attended funeral.
The virus, being highly contageous, spread rapdily after that, with doctors and nurses being common casualties, dampening the ability of the country to delay the further spread of the disease.
(2) Traditional burial practices in West Africa?
One THEORY of the spread of Ebola is that traditional burial practices, which involve morners touching the deceased, lead to the rapid spread of the disease.
However, the main evidence from this comes from Anthropoligsts who have observed death ceremonies in Uganda, which is firmly in East Africa (see this article) http://www.thedailybeast.com/articles/2014/08/13/kissing-the-corpses-in-ebola-country.html
As one anthropologist describes a UGANDAN burial ceremony…..
In the Ugandan ceremonies the sister of the deceased’s father is responsible for bathing, cleaning, and dressing the body in a “favourite outfit.” This task is “too emotionally painful” for the immediate family. In the event that no aunt exists, a female elder in the community takes this role on. The next step, the mourning, is where the real ceremony takes place. “Funerals are major cultural events that can last for days, depending on the status of the deceased person.” As the women “wail” and the men “dance,” the community takes time to “demonstrate care and respect for the dead.” When the ceremony is coming to a close, a common bowl is used for ritual hand-washing, and a final touch or kiss on the face of the corpse (which is known as a “a love touch”) is bestowed on the dead. When the ceremony has concluded, the body is buried on land that directly adjoins the deceased’s house because “the family wants the spirit to be happy and not feel forgotten. These burial rituals and funerals are a critical way for the community to safely transfer the deceased into the afterlife. Prohibiting families from performing such rites is not only viewed as an affront to the deceased, but as actually putting the family in danger. “In the event of an improper burial, the deceased person’s spirit (tibo) will cause harm and illness to the family,”
(3) Mistrust of health workers
Terry O-Sullivan, who spent three years volunteering in Sierra-Leone reports that….
“People have no idea how infectious diseases work. They see people go into the hospital sick and come out dead—or never come out at all,” he says. “They think if they can avoid the hospital they can survive.” This mistrust of the medical world seems to be validated when a family is prohibited from honouring the dead, participating in the funeral, or even seeing the body.”
This is backed up by a report from the BBC World Service (28/10/14) focussing on the ‘dead body management team’ in Sierra Leonne’s capital Freetown – The report described how, with Ebola still on the increase, although the message about the risks associated with the disease is getting through, there is enoromous resistance in rural or semi-rural villages when the disposal team arrives to remove a dead body for cremation. The reason for the resistance is that it is traditional for relatives to bury the body, typically with a lot of physical contact being involved.
The report followed the disposal team into one village, where a 65 year old woman had recently died. Their job was to get the morners ‘on side’, disinfect literally everything in the hut containing the body, bag the body up (in 2 body bags) and remove it, spraying everything on root. In the process the team is thoroughly suited, with gloves taped on. Apparently the most dangerous part of the process is the removal of the suit afterwards, the staff have to be sprayed with chlorine as every layer of protective clothing is removed.
(4) The literacy rate in SL is only around 35%, which hampers the ability of authorities to explain how Ebola is spread and how to prevent its spread, athough I imagine this isn’t so important given the widespread prevalance of the radio as a means of communication in SL.
(5) Lack of money and medical resources in SL. In the article above O’Sullivan appears to be suggesting that it would be necessary to have health workers in every village to win the trust of villagers and supervise funerals so that they can be conducted safely, without risk of spreading the disease. Until that happens, he seems to think it’s unlikely that its spread will be stopped.
Putting Ebola in perspective….
Looking at current figures, there are 14 things which kill more people per year than Ebola (including road traffic accidents) – Using WHO data from 2011 To illustrate…..
|2.||Influenza & Pneumonia||10,761||14.42|
|5.||Low Birth Weight||3,654||4.90|
|11.||Coronary Heart Disease||1,788||2.40|
|13.||Road Traffic Accidents||1,311||1.76|
15. Ebola (so far in 2014) 1130
NB I don’t want to underplay the threat of Ebola – I’m aware of the unfair comparison and the doubling every 20 days or so. If current projections come true and there are 500 000 or more confirmed cases in SL and the death rate is one in two, then Ebola will top the death league tables for 2015 by a long way. It is, however, important to note that in the table above these deaths are occurring every single year – so cumulatively deaths from preventable causes is a massive problem in SL even without Ebola.
If people really want to prevent West African children dying from preventable diseases then ending poverty in SL is the most important long term goal. Just turning up in chemical suits for a few months and then turning our backs isn’t going to help that much. It will, however make us feel a lot better about ourselves.
Ebola and the globalised culture of fear….
One interesting line of analysis about Ebola is the extent to which media attention reflects predominent narratives in the West….
Ebola sits well with parellel narratives in the ‘globalised culture of fear’ – Ebola’s basically another threat from abroad – just like the immigrants and terrorists – All of our problems come from outside, and the Ebola story reinforces this ignorance, especially when, in its original incarnation, it does actually come from the Heart of Darkness, which is pretty much the same as the all-the-same countries in West Africa.
Ebola also fits well with the Modernisation Theory narrative that ‘backward Africans’ cultural practices lead to them dying off… The predominant focus in the media seems to be on silly Africans with their backward burial rituals, all touching each other and monkeys and bats and given each other Ebola, rather than focussing on the lack of money and facilities which are essential to dampening the spread of the disease and preventing the other 14 preventable causes of death which currently kill more people every year than Ebola’s killed so far this year.
Of course what the media should be focussing on are the year on year causes of death in SL and other poor countries – and the day to day causes of health problems in general – poverty, lack of clean water and poor sanitation, and of course the good ole’ unfair trade rules which keep poor countries poor. This however is a lot more difficult for an ignorant and generally uncaring audience to understand.
The government is about to sign up to a treaty which will would allow companies like Sports Direct (just a random example) to sue a future government for increasing the minimum wage, if introducing such a policy damaged corporate profits.
The treaty’s called the Transatlantic Trade and Investment Partnership – And it’s seems to be primarily about shafting the 300 or so million citizens of European countries so that Transnational Corporations can make even more profit.
Having clicked around a few web sites which try to summarise what the TTIP is, I think I’ve done a better job below – down to just FIVE KEY POINTS… (Handily for anyone studying Global Development, this also reads like a ‘what is neoliberalism’ check llist).
1. The Transatlantic Trade and Investment Partnership (TTIP) is a free trade treaty currently being negotiated – in secret – between the European Union and the USA.
2. The main goal of TTIP is to remove regulatory ‘barriers’ which restrict the potential profits to be made by transnational corporations on both sides of the Atlantic.
3. These ‘barriers’ are basically social and environmental protections currently enforced through the laws of various nation states within Europe and include the following:
4. TTIP also seeks to create new markets by opening up public services to competition from transnational corporations, threatening to introduce a further wave of privatizations in key sectors, health and education.
5. Most worrying of all, TTIP seeks to grant foreign investors a new right to sue sovereign governments in front of ad hoc arbitration tribunals for loss of profits resulting from public policy decisions.
So here we go again – a further wave of neoliberalisation, given that it looks like many Nation States in Europe are about to agree to a set of international rules which put Corporate profits before the well-being of their citizens.
Of course you’ve probably never heard of this treaty, it’s firmly off the news agenda, even though, right now, your democratic rights are being undermined and this treaty will almost certainly mean that you are worse off in the future in terms of your labour rights, environmental protection, and quality of public services.
If you want to sign a petition to get Vince Cable to fix or scrap the deal then click here
This post is mainly summarised from this nice document – TTIP – A Charter for Deregulation, an Attack on Jobs and an End to Democracy
Cuba’s a good case study of Socialist Model of Development that seems to have worked more effectively than most of the nel-liberal experiments in Latin America…. Today, Cuba’s HDI stats look like this….
|Life expectancy at birth (years)||79.3|
|Mean years of schooling (of adults) (years)||10.2|
|GNI per capita in PPP terms (constant 2005 international $) (Constant 2005 international $)||5,539|
Between 1980 and 2012 Cuba’s HDI rose by 0.8% annually from 0.626 to 0.780 today, which gives the country a rank of 59 out of 187 countries. The HDI of Latin America and the Caribbean as a region is 0.741 today, placing Cuba above the regional average
In this nice infographic (hopefully it’ll work, although there’s probably too much info in it TBH) you can see the comparative development of Cuba compared to Bolivia, Columbia and Chile (three countries which were much more exposed to neoliberal policies – What you can see is that Cuba progresses more rapidly than both Bolivia and Columbia, but not as quickly as Chile. What you can also see (from about 5 years after 1990) is the negative affect the decline of Communist Russia had on Cuba’s development.
So it’s not easy to conclude outright support for any set of policies if just pure economic development is your goal. Although in this post – Cuba, A development Model which proved the developers wrong Jonataon Glennie outlines how a Socialist model of development has worked for Cuba since 1959… The general gist is that the means whereby Cuba developed involved much less human misery than the other three neoliberal examples above – As outlined by John Pilger in the excellent documentary War on Democracy).
To summarise Gelnnie’s article…
No other similar country adopted Cuba’s approach to development, and unlike in other Latin American countries such as Bolivia, Colombia and El Salvador, which experience widespread inequality and related problems, In Cuba, the extremes of opulence and misery are banished in favour of a generalised level of wealth, best described as “enough to get by”.
He notes that from the beginning the instinct at the heart of the revolution in 1959 was that slower wealth creation and limited political repression were a price worth paying for fairer distribution, and the consequent eradication of extreme poverty. It may not have been articulated as such, but that is how it has played out.
Castro’s leadership was the key factor in rapidly rising living standards for the poorest. In 1958, under the Batista dictatorship, half of Cuba’s children did not attend school. The literacy campaign begun by Castro in 1961 led, in 1970, to Unesco declaring Cuba the country with the highest primary and secondary school enrolment in Latin America. These development gains, among others, have continued to this day.
But what of the future?
But there have been two broad consequences. First, a generation of educated young people aspire to more in terms of living standards and life chances than their parents ever did. It is no coincidence that the older generation is more uncritically supportive of the revolution than the young – it knows what Cuba was like before.
Second, state-led development and investment is costly, especially when the international context becomes less favourable. Relying on goodwill, volunteering and accumulated capital has worked perhaps longer than anyone anticipated, but eventually wealth must be created and that, as the critics have always maintained, means a platform for the private sector to grow.
The World Wealth Report reports on trends in the wealth of HNWIs – Or High Net Wealth Individuals. These are individuals with $1million or more in investable assets. You have to sign up to be able to download the report, but its free. (Thankyee for the crust kind sirs, doffs cap…)
Between 2011-12, the richest 12 million people in the world gained an extra 4.2 trillion dollars of wealth between them – Their total wealth is now $46.2 billion, up from $42 billion in 2011. Thats a tidy $350 000 each extra on average, and according to the predictions below that trend is set to continue…
Of course it gets bleaker… the averages above disguise the fact that the richest Ultra High Net Wealth Individuals increased their overal wealth more than the mere ‘millionnaires next door’… the proportional increases may well be the same, but of course a 10% gain on $50 million means you gain more than if you’d gained 10% on a mere $1 million.
And bleaker… The richest 12 million may have got 10% richer on average, but this is on the back of a mere 2.2% GDP growth rate, so their wealth is growing nearly five times the rate of real global wealth (although somehow I’m sure that’s not a fair comparison?!)
And even bleaker… according to the World Bank’s GNI data (not the same as wealth I know) – GNI only increased from around 70 to 71.4 trillion dollars, which is less than 1%, so most of this wealth increse doesn’t seem to be rooted in the production of tangible goods and services.
No doubt there are different ways of interpreting what this data actually means, comments welcome!
In case you prefer a word-based summary – the 2013 report notes the following…
According to World Bank data, more people visit abroad from the UK than from any other country other than China.
The thing is, we don’t tend to travel that far from home!
According the ONS 2012 Travel Trends the number of visits abroad by UK residents was 56.5 million, broadly equivalent to one visit abroad per person per year (although no doubt the distribution is nowhere near equal!).
What’s interesting, however, is just how close to home most of these visits are:
Given all of this, I think it’s safe to say that tourism trends are more regional than truly global. True global travelers are very much the exception.