Munich Personal RePEc Archive

Capital Resource Inequality

Chatterjee, Sidharta (2020): Capital Resource Inequality.

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The goal of this paper is to discuss the basis of knowledge inequality in affecting positive growth and development of a country. Optimal and rational allocation of resources is a requisite for efficient distribution of any resources—whether natural or synthetic resources (knowledge), within a society. Knowledge now being considered a primary form of capital resource, it forms the backbone of a national economy driven by the knowledge of high-technology manufacturing and production. It is also a form of intellectual capital which requires human endeavor for its creation and acquisition. Since knowledge is imparted by education and learning, the role of education in delivering knowledge is one of the most important factors of national development and social progress. Inefficient, irrational allocation of this capital resource results in widespread social and economic inequality which could be reduced only if there exists fairness in its allocation processes. This paper attempts to highlight these issues and introduces a new form of inequality—Capital Resource Inequality (CRI) which addresses the problem of knowledge allocation across societies.

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