This book addresses the central challenge facing rich countries: how to ensure that ordinary working families see their living standards and the prospects for their children improve rather than stagnate over time. It presents the findings from a comprehensive analysis of performance over recent decades across the rich countries of the OECD, in terms of real income growth around and below the middle. It relates this performance to overall economic growth, exploring why these often diverge substantially, and to the different models of capitalism or economic growth embedded in different countries. In-depth comparative and UK-focused analyses also focus on wages and the labour market and on the role of redistribution. Going beyond income, other indicators and aspects of living standards are also incorporated including non-monetary indicators of deprivation and financial strain, wealth and its distribution, and intergenerational mobility. By looking across this broad canvas, the book teases out how ordinary households have fared in recent decades in these critically important respects, and how that should inform the quest for inclusive growth and prosperity.
Integration of immigrants is at the forefront of policy concerns in many countries. Simultaneously, there is an increasing focus on the role of the receiving society for achieving a higher degree of integration of immigrants. In recent decades, the successful integration of immigrants into a host country's society, economy, and polity has become a major issue for policymakers. For social cohesion and inclusive growth and the ability of migrants to become self-reliant, productive citizens the integration of immigrants and of their children is vibrant. This chapter identifies various dimensions and indicators involved in integration of immigrants into a host society. There are always concerns about successful integration; however, this is not determined solely by the actions immigrants take and the resources they possess. The reception—supportive, neutral, or negative—they receive from the host community plays a critical role. In this direction, this chapter also highlights various challenges and gaps that are involved in immigrant integration.
The present research paper discusses the pivotal role of Information and Communication Technology (ICT) in education which is gaining currency in the new era of globalism as the telecom revolution has hastened the pace of globalization and vice-versa; along with the catalyst role ICT-enabled education plays in promoting inclusive growth and human development for all. These smart tools of the emerging smart economy would help to promote mass literacy and also narrow inter, as well as intra-generational gaps. Most importantly, it will provide ‘second opportunities' to the generation that missed them in the first place, thus helping adult learners, particularly the employed and women; thus attempting to reduce gender inequities; particularly in South Asia and the Indian sub-continent. The case study of the famous open University, namely Indira Gandhi National Open University (IGNOU) in India is being studies as a case of sustainable development and inclusive growth as it ‘reaches the unreached' and untouched and marginalized segments of society.
AbstractBuilding upon institutional economics, we examine how social progress orientation (SPO) affects inclusive growth through innovative and opportunity entrepreneurship. Hypotheses about civic activism, voluntary spirit, and the inclusion of minorities as proxies of SPO that affect entrepreneurship directly and inclusive growth indirectly have been suggested. Using unbalanced panel data of 132 observations (63 countries) and the three-stage least-squares method (3SLS), we provide empirical evidence that these three measures of SPO significantly affect innovative and opportunity entrepreneurship. Interestingly, our endogenous measures of entrepreneurial activity have served to explain inclusive growth, which is observed through poverty reduction across countries. Public policies should focus on social values oriented to progress in order to stimulate valuable entrepreneurial activity and hence facilitate economic development that also embraces vulnerable communities.
Does Entrepreneurship Matter for Inclusive Growth? The Role of Social Progress Orientation