Inclusive growth is economic growth that raises standards of livings for broad swaths of a population.[1][2][3][4] Proponents for inclusive growth warn that inequitable growth may have adverse political outcomes.[5]
The definition of inclusive growth implies direct links between the macroeconomic and microeconomic determinants of the economy and economic growth. The microeconomic dimension captures the importance of structural transformation for economic diversification and competition, while the macro dimension refers to changes in economic aggregates such as the country’s gross national product (GNP) or gross domestic product (GDP), total factor productivity, and aggregate factor inputs.[6]
Sustainable economic growth requires inclusive growth. Maintaining this is sometimes difficult because economic growth may give rise to negative externalities, such as a rise in corruption, which is a major problem in developing countries. Nonetheless, an emphasis on inclusiveness—especially on equality of opportunity in terms of access to markets, resources, and an unbiased regulatory environment—is an essential ingredient of successful growth. The inclusive growth approach takes a longer-term perspective, as the focus is on productive employment as a means of increasing the incomes of poor and excluded groups and raising their standards of living.[7]
^Cerra, Valerie (2021), "An Inclusive Growth Framework", How to Achieve Inclusive Growth, Oxford University Press, pp. 1–31, doi:10.1093/oso/9780192846938.003.0001, ISBN 978-0-19-284693-8
^Ranieri, Rafael; Ramos, Raquel Almeida (March 2013). "Inclusive Growth: Building up a Concept" (PDF). Working Paper. 104. Brazil: International Policy Centre for Inclusive Growth. ISSN 1812-108X. Retrieved 13 January 2015. {{cite journal}}: Cite journal requires |journal= (help)
^Anand, Rahul; et al. (17 August 2013). "Inclusive growth revisited: Measurement and evolution". VoxEU.org. Centre for Economic Policy Research. Retrieved 13 January 2015.
^Anand, Rahul; et al. (May 2013). "Inclusive Growth: Measurement and Determinants" (PDF). IMF Working Paper. Asia Pacific Department: International Monetary Fund. Retrieved 13 January 2015.
^Dutzler, Barbara; Johnson, Simon; Muthoora, Priscilla (2021), "The Political Economy of Inclusive Growth", How to Achieve Inclusive Growth, Oxford University Press, doi:10.1093/oso/9780192846938.003.0015, ISBN 978-0-19-284693-8
^Elena Ianchovichina and Susanna Lundstrom, "What is Inclusive Growth?", The World Bank, February 10, 2009.
^Elena Ianchovichina and Susanna Lundstrom, 2009. "Inclusive growth analytics: Framework and application", Policy Research Working Paper Series 4851, The World Bank.
Inclusivegrowth is economic growth that raises standards of livings for broad swaths of a population. Proponents for inclusivegrowth warn that inequitable...
(March 2013). "InclusiveGrowth: Building up a Concept" (PDF). Working Paper. Brazil: International Policy Centre for InclusiveGrowth. ISSN 1812-108X...
Shifting the Trillions: Impact Investing, Green Infrastructure and InclusiveGrowth" (PDF). Revue Analyse Financière. Paris. Archived (PDF) from the original...
loan, equity, and insurance products. It is a path to enhance inclusiveness in economic growth by enabling the unbanked population to access the means for...
to strengthen public debt sustainability, promote sustainable and inclusivegrowth through reforms and investments, increase national ownership for fiscal...
India, where unhealthy infatuation with GDP growth matters less and holistic development or all-inclusivegrowth matters more. While India may well be on...
of UGC was conducted in the Economics Department. The topic was on InclusiveGrowth and Indian Economy - 20 Years of Liberation. Kerala planning board...
Raquel Almeida (March 2013). "InclusiveGrowth: Building up a Concept". EconStor. hdl:10419/71821. Bourguignon, Francois, "Growth Elasticity of Poverty Reduction:...
Inclusive capitalism is a theoretical concept and policy movement that seeks to address the growing income and wealth inequality within Western capitalism...
Sustained Action to Create InclusiveGrowth". World Economic Forum on Africa Co-Chairs Call for Sustained Action to Create InclusiveGrowth - World Economic Forum...
Retrieved 25 March 2024. Aswal, Dinesh K. (9 November 2020). Metrology for InclusiveGrowth of India. Springer Nature. p. 987. ISBN 978-981-15-8872-3. Haas, Hein...
farming and livestock. World Bank's FAO, National Agriculture and Rural InclusiveGrowth Project NARIGP have shown willingness and commitment to support Banana...
Shifting the Trillions: Impact Investing, Green Infrastructure and InclusiveGrowth" (PDF). Revue Analyse Financière. Paris. Retrieved 7 July 2017. Abschlusserklärung...
Commitment to Development Index Human Development Index Inclusivegrowth Smart growth "WEF – The Inclusive Development Index 2018". eTrade for all. Retrieved...
countries but the wealth generated does not always lead to sustainable and inclusivegrowth. People often accuse extractive industry businesses as acting only...
Philippine Star, January 2014 Concepcion, Joey "Kapatid taipans for inclusivegrowth", Philippine Star, January 2017 Concepcion, Joey "What is the secret...
the combined authority's portfolio lead for Economy, Business and InclusiveGrowth. Craig was elected Leader of Manchester City Council by the ruling...
Archived 21 December 2019 at the Wayback Machine) "Fiscal Policy and InclusiveGrowth in Advanced Countries: Their Experience and Implications for Asia"...
(December 2020). "Sustainable business models for inclusivegrowth: Towards a conceptual foundation of inclusive business". Journal of Cleaner Production. 277:...
summit. Convened with the theme of "BRICS in Africa: Collaboration for InclusiveGrowth and Shared Prosperity in the 4th Industrial Revolution", the next BRICS...
address and champion to enable, empower and embolden the nation for inclusivegrowth and self-reliance. Within a year of its launch 31 ministries and government...
design (e.g. The Execution Premium in 2008, "Intelligent Design of InclusiveGrowth Strategies" in 2019); many others also continue to refine the device...
formulated a list of 10 most pressing points in 2016: Food security Inclusivegrowth Future of work/unemployment Climate change Financial crisis of 2007–2008...
InclusiveGrowth, formed in July 2014 upon the request of the Archbishop of Canterbury, with the aim of finding a new consensus on inclusivegrowth to...
he left ICICI Bank to head the newly founded ICICI Foundation for InclusiveGrowth to rural development. In May 2009, Intuit appointed Mor to its India...
energy infrastructure. SDG 8 is to: "Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all...
Missing the Point". Green Growth Knowledge Platform. "Inclusive Green Growth" (PDF). Retrieved 17 April 2021. Green Growth Knowledge Platform (19 February...
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