Book contents
- Reviews
- Corporate Responsibility for Wealth Creation and Human Rights
- Corporate Responsibility for Wealth Creation and Human Rights
- Copyright page
- Dedication
- Contents
- Figures, Tables and Boxes
- Preface
- Acknowledgments
- 1 Introduction and Overview
- 2 The Context of Globalization, Sustainability and Financialization
- Part I Wealth Creation
- 3 Semantics and the Wealth of Nations
- 4 Wealth Includes Natural, Economic, Human and Social Capital
- 5 Wealth Is a Combination of Private and Public Wealth
- 6 Wealth Creation Is about Producing and Distributing Wealth
- 7 Creating Wealth Involves Material and Spiritual Aspects
- 8 Creating Sustainable Wealth in Terms of Human Capabilities
- 9 Creating Means Making Something New and Better
- 10 Wealth Creation Needs Self-Regarding and Other-Regarding Motivations
- Part II Human Rights as Public Goods in Wealth Creation
- Part III Implications of Wealth Creation and Human Rights for Corporate Responsibility
- Bibliography
- Index of Names
- Index of Subjects
6 - Wealth Creation Is about Producing and Distributing Wealth
from Part I - Wealth Creation
Published online by Cambridge University Press: 11 January 2021
- Reviews
- Corporate Responsibility for Wealth Creation and Human Rights
- Corporate Responsibility for Wealth Creation and Human Rights
- Copyright page
- Dedication
- Contents
- Figures, Tables and Boxes
- Preface
- Acknowledgments
- 1 Introduction and Overview
- 2 The Context of Globalization, Sustainability and Financialization
- Part I Wealth Creation
- 3 Semantics and the Wealth of Nations
- 4 Wealth Includes Natural, Economic, Human and Social Capital
- 5 Wealth Is a Combination of Private and Public Wealth
- 6 Wealth Creation Is about Producing and Distributing Wealth
- 7 Creating Wealth Involves Material and Spiritual Aspects
- 8 Creating Sustainable Wealth in Terms of Human Capabilities
- 9 Creating Means Making Something New and Better
- 10 Wealth Creation Needs Self-Regarding and Other-Regarding Motivations
- Part II Human Rights as Public Goods in Wealth Creation
- Part III Implications of Wealth Creation and Human Rights for Corporate Responsibility
- Bibliography
- Index of Names
- Index of Subjects
Summary
In contrast to a widespread view that wealth creation is only a productive process followed by the distribution of wealth, the chapter emphasizes that the generation of wealth includes a distributive dimension, which permeates all of its stages from the preconditions to the generation process, the outcome and the use for and allocation within consumption and investment. The productive and the distributive dimension are inseparably connected. The chapter highlights the importance of the distributive dimension by briefly reviewing three important books on inequality: Piketty (2014), Stiglitz (2012) and Wilkinson & Pickett (2009). The eight High-Performing Asian Economies (Japan, Hong Kong, Republic of Korea, Singapore, Taiwan, Indonesia, Malaysia and Thailand) created “The East Asian Miracle” from 1960 to 1990 and can illustrate how the productive and distributive dimensions of economic growth are closely interconnected.
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- Information
- Publisher: Cambridge University PressPrint publication year: 2021