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Added to this, as Legrain says, rising house prices "transfer wealth from poorer young people to richer older ones.
Second, higher oil prices transfer income from oil-importing countries to oil producers (some of this may come back as higher exports).
That may have persuaded the European Central Bank to raise rates as late as July 2008, a decision that now looks very foolish.Higher commodity prices transfer money from consuming to producing nations.
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In theory, low prices – transferring wealth from oil exporting countries to oil importers – are good for global growth because consuming economies tend to spend their gains more readily.
When carbon market prices, transferred through a financial mechanism, balance out differences between the net present value of agricultural land and forest-related income, it is assumed, consistent with profit maximising behavior, that deforestation is avoided.
Jordan told a Senate hearing on Wednesday the companies had provided highly partial accounts of their accounting activities relating to effective tax rates, arm's-length pricing, and transfer pricing.
Propping up house prices transfers wealth to those who already own property; broadly speaking, the middle classes and above.
The fall in oil prices transfers money at the rate of about $100 billion per year from Arab sheiks, Texas millionaires and other people who don't need the money to ordinary citizens.
On technology, the goal of developing countries has long been the free or cut-price transfer of low-carbon technologies from developed countries, including the intellectual property rights which would allow domestic manufacture.
Meanwhile, chairman Stephen Thompson was in the losing camp as the SPL failed to back a league reconstruction plan and has since been rocked by the possibility of losing much-lauded striker Johnny Russell in a cut-price transfer.
Key building blocks of such incentive systems are cost allocations, transfer pricing, and compensation schemes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com