Abstract
This is a book about the determinants and consequences of interpersonal economic inequality in low- and middle-income developing countries.1 Interpersonal economic inequality refers to the disproportional distribution of wealth and income between individuals/households in a national unit.2 ‘Wealth’, as John Stuart Mill suggested, names ‘all useful or agreeable things which possess exchangeable value’, including assets such as fixed and human capital.3 ‘Income’, in turn, can be seen as the flow of returns on the gainful use of the assets that constitute wealth. I treat the distribution of wealth and income as the core determinants of economic inequality, and use the terms ‘income/wealth inequality’, ‘economic inequality’, and ‘inequality’ interchangeably.4
Keywords
- Economic Inequality
- Sovereign Debt
- Social Spending
- United Nations Industrial Development Organization
- Informal Credit
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Copyright information
© 2008 Philip Nel
About this chapter
Cite this chapter
Nel, P. (2008). Introduction: Developing Countries and Odious Inequality. In: The Politics of Economic Inequality in Developing Countries. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230584082_1
Download citation
DOI: https://doi.org/10.1057/9780230584082_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-35948-6
Online ISBN: 978-0-230-58408-2
eBook Packages: Palgrave Political & Intern. Studies CollectionPolitical Science and International Studies (R0)