Wages and Employment: Some Analytical Aspects of Income Distribution Policies in Less Developed Countries

Abstract

Income distribution policies have been one of the most important issues that policy makers in less developed countries (LDCs) have had to face over the last decade. There has been a great revival of interest about the different aspects of distributing the national income, even irrespective of its size. Growth per se is still considered to be important, but without appropriate links with suitable distributive measures, loses much of its charismatic appeal. Further, the interconnections between growth and distribution have been stressed in recent policy literature, particularly the beneficial effects that a more egalitarian income stream may have in raising the national product.