chapter  1
16 Pages

Social Income, Globalisation and a World of Unending Uncertainty

Income comes in many forms. It is gained by individuals, by families and by households, by communities, by enterprises, by governments and by countries. We know that in any modern society, which includes developing countries as well as rich industrialised countries, income is mainly thought about as ‘money’. But, of course, income has always come in many other forms. If one defi nes income as that which enables a person to subsist and sustain at the very least a tolerable standard of living, then clearly it may be obtained from labour, from transfers, from investments and gifts. Indeed, this is merely to hint at the complexity of what takes place in every part of the world.