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Luxembourg has the highest average wage in the European Union and eurozone as well as the highest monthly minimum wage in the entirety of Europe. Russia has the largest surplus of those European countries not a member of either (or both) the EU or eurozone. Ukraine has the smallest average wage in Europe, mostly as a result of the ongoing war.
Why Nations Fail: The Origins of Power, Prosperity, and Poverty, first published in 2012, is a book by economists Daron Acemoglu and James A. Robinson, who jointly received the 2024 Nobel Economics Prize (alongside Simon Johnson) for their contribution in comparative studies of prosperity between nations.
As of January 2015, the book had sold 1.5 million copies in French, English, German, Chinese, and Spanish. [5] The book is a worldwide success, with over 2.5 million copies sold by the end of 2017. [6] The book was adapted into a feature documentary film, directed by New Zealand filmmaker Justin Pemberton, [7] and released in 2020. [8]
The poverty line for lower middle-income countries (LMICs) has moved to US$3.65 from US$3.20, while the poverty line for upper middle-income countries (UMICs) has moved to US$6.85 from US$5.50. [ 6 ] The first table lists countries by the percentage of their population with an income of less than $2.15 (the extreme poverty line), $3.65 and $6. ...
For Europe's economy, the Nov. 5 U.S. election offers a "least bad" outcome of a challenging Kamala Harris presidency or a second encounter with Donald Trump which threatens to be yet more ...
Several countries grant preferential access to least developed countries. For instance, the European Union has implemented the Everything but Arms scheme, while Switzerland offers free access to its market for all products to LDCs. [19] Access to the Japanese market is also free for LDCs. [20]
The population becomes poorer than it used to be in real terms. This is in contrast to a situation in which wages are rising to meet the rate of inflation and workers' standard of living remains unchanged. [2] During the 2020s, a cost-of-living crisis impacted many countries around the world amid global inflation.
Poverty in Italy is generally caused by low income and precarious employment situations, rather than lack of a support network. [16] Certain aspects of Italy's poverty patterns trace their origins to the period of Italian unification in the latter half of the 19th century, significantly influencing pre-existing regional economic disparities, notably the north–south divide. [17]