What is Redistribution of Wealth | IGI Global (2024)

The transfer of wealth from one individual to another through a social mechanism such as taxation, charity, or public services. It aims to bridge the inequality gap between members of a society.

Published in Chapter:

The Social and Solidarity Economics, Public Policies, and Non-Monetary Economic Practices: The Case of Associative Firms in Loja, Ecuador

Arturo Luque González (Universidad Tecnica de Manabí, Ecuador & Universidad del Rosario, Ecuador), Aitor Bengoetxea Alkorta (Universidad del País Vasco, Spain & Euskal Herriko Unibertsitatea, Spain), and Jaime Leonidas Ordóñez Salcedo (Universidad del País Vasco, Spain & Euskal Herriko Unibertsitatea, Spain)

DOI: 10.4018/978-1-7998-7689-2.ch012

Abstract

The prevailing economic and social model contains great inequalities. Against this backdrop, the Republic of Ecuador, in its constitution of 2008, included recognizing ancestral practices at an economic and social level and granting special protection to “mother earth” or Pachamama based on the common element of solidarity between ecosystems and human beings. Despite this, continuous growth processes have blunted some of the tools and institutions created in Ecuador to redress poverty and rebalance existing economic and regulatory abuses. To analyze this situation, a series of group interviews were carried out in two communities of Loja (Ecuador) to analyze the scope and continuity of current ancestral practices and the effectiveness of processes established in the social economy. The analysis shows the lack of continuity of these practices and their associated benefits for people and communities with limited resources.

What is Redistribution of Wealth | IGI Global (2024)
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