We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.
We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.
from Part I - Wealth Creation
Published online by Cambridge University Press: 11 January 2021
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.
To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Find out more about the Kindle Personal Document Service.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.
