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Inequality, Technology and Payments Systems

In: Work, Income and Inequality

Author

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  • Frances Stewart

Abstract

Summary The chapter considers the way in which the interaction between technology, population growth and the payments system is responsible for growing inequality in many poor countries. The payments system describes the set of rules governing property rights, access to work and income from work. Payments systems may be classified into traditional, capitalist, mixed and socialist, although most economies exhibit hybrid characteristics. It is argued that capitalist and mixed economy payments systems are largely responsible for those situations where poverty has increased despite growth in per capita income. Finally the chapter considers methods of reforming the payments system.

Suggested Citation

  • Frances Stewart, 1983. "Inequality, Technology and Payments Systems," Palgrave Macmillan Books, in: Frances Stewart (ed.), Work, Income and Inequality, chapter 1, pages 1-31, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-05417-6_1
    DOI: 10.1007/978-1-349-05417-6_1
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    Cited by:

    1. Ghosh, sudeshna, 2017. "Education Attainment Forecasting and Economic Inequality United States," MPRA Paper 89712, University Library of Munich, Germany.
    2. Park, Kang H., 1996. "Educational expansion and educational inequality on income distribution," Economics of Education Review, Elsevier, vol. 15(1), pages 51-58, February.
    3. Addison T. & Demery L., 1986. "Impact of liberalisation on growth and equity," ILO Working Papers 992500143402676, International Labour Organization.
    4. I. L. Beilin* & V. V. Khomenko & N. V. Kalenskaya & A. A. Solntseva, 2018. "The Significance of the Resource Intensity of the Regional Economy the Development of the Oil and Gas Chemical Complex," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 328-332:5.
    5. repec:ilo:ilowps:250014 is not listed on IDEAS
    6. Muhammad Shahbaz, 2010. "Income inequality‐economic growth and non‐linearity: a case of Pakistan," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 37(8), pages 613-636, July.

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