scholarly journals The Index of Inclusive Development in Formation of the New Concept of Economic Growth

2019 ◽  
Vol 62 ◽  
pp. 05002
Author(s):  
O.F. Chistik ◽  
V.A. Eliseev
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Inclusive Development ◽  
Inclusive Growth ◽  
Main Attention ◽  
Slowing Down ◽  
World Economic ◽  
Rates Of Growth

The main attention in this article is paid to the global socio-economic and demographic problems which are slowing down the rates of world economic growth. This work reveals the contents of the index of inclusive development and the concept of inclusive growth, their application for development of the human capital and acceleration of rates of growth of world GDP is considered.

Factors of slowing down the economic growth of modern Russia

2021 ◽  
pp. 29-32
Author(s):  
Elena Basovskaya ◽  
Leonid Basovskiy
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
Human Capital ◽  
General Education ◽  
Education System ◽  
Slowing Down ◽  
Russian Economy ◽  
Federal Laws ◽  
Excessive Number

The study of the influence of the Federal laws adopted in Russia on the rate of economic growth made it possible to establish that since 2005, lawmaking has hindered the growth of the Russian economy. In the work, a model of the dependence of the rates of economic growth on the number of employees of state authorities and local self-government obtained. The model shows that the number of employees of state authorities and local self-government determines the rate of economic growth by one third, and the increase in their number causes a decrease in the rate of economic growth. Excessive number of employees of state authorities and local self-government, enforcing these laws, inhibits economic growth. To assess the possibility of increasing human capital due to the functioning of the education system, the value of the «education premium» estimated. The obtained results of the assessment of the «premium for education» indicate that the education system in modern Russia is losing its role as a means of forming human capital. In the period from 2009 to 2019, premiums for secondary vocational, secondary (complete) general and basic general education were completely lost. The premium for higher education has more than halved; by 2027, the premium for higher education for employed workers will also be completely lost. The loss by the institution of education of the role of a means of forming human capital is due to continuous ineffective reforms in education.

Development for All

2021 ◽  
pp. 11-31
Author(s):  
Marianne Schulze
Keyword(s):  
Economic Growth ◽  
Economic Resources ◽  
Inclusive Development ◽  
Inclusive Growth ◽  
Related Factors ◽  
Persons With Disabilities

Development efforts—the provision of support to countries with lesser economic resources—have long overlooked persons with disabilities. The Convention on the Rights of Persons with Disabilities (CRPD) tries to rectify this with a stand-alone provision on inclusive development, ensuring that efforts to accelerate economic growth and related factors are inclusive of and accessible to persons with disabilities. This chapter discusses the rationale behind the stand-alone provision and the potential it holds for more equitable and inclusive growth, including the role that technology plays in increasing accessibility.

scholarly journals Modern problems of income and labor market distribution under inclusive growth

2020 ◽  
pp. 21-32
Author(s):  
Lidia Shynkaruk ◽  
Yurii Vlasenko ◽  
Vadym Gerashcenko
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Income Distribution ◽  
The State ◽  
Inclusive Development ◽  
Entrepreneurial Activity ◽  
Inclusive Growth ◽  
Basic Principles ◽  
Income Gap ◽  
Theoretical Approaches

Introduction. The current state of income distribution and the particularities of the labor market is a key indicator in identifying opportunities for ensuring the country’s economic development and macroeconomic stability as a necessary basis for inclusive growth. In Ukraine, against the backdrop of an unbalanced economy, high unemployment, gender inequality, social stratification and increasing income inequality, the labor market needs to change the development vector, taking into account the demands of inclusive economic growth. Purpose. The purpose of our article is to investigate the state of distribution of population incomes and labor market features through the prism of an inclusive approach to economic growth and to identify basic principles for overcoming labor market imbalances, as well as to explore the key priorities of the Europe 2020 economic growth strategy. Methods. Based on the analysis of scientific-theoretical approaches to the interpretation of the concept of the labor market, income distribution, the essence of inclusive growth and international methods of assessment and calculation of the index of inclusive development, we applied a systematic approach using analytical, monographic, macroeconomic, economic and mathematical methods of studying this problem. Results. Today, in the labor market of Ukraine, there is a balanced demand for labor, which is reflected in a shortage of workers of specialties and excess supply of workers with higher education, and there is still unmet demand for vacancies, one of the reasons for the mismatch of requirements, the offered professions and the level of qualification available in employees. It is confirmed that the vector of inclusive development of the economy of Ukraine will help to overcome imbalances in the labor market, will become one of the factors of balanced development and will increase the standard of living of the population and reduce the income gap. Reducing the income gap as one of the main priorities of inclusive growth should be realized through improving the social policy of the state, ensuring structural transformations in the Ukrainian economy, establishing a real minimum wage and the size of the consumer basket, improving the monitoring of labor market forecasting and education the labor market in skilled labor and the expansion of opportunities for increasing the competitiveness of the workforce through the improvement of educational services. Discussion. The basic principles of inclusive development should be the principles of equal opportunities; the principle of justice for all; the principle of openness; the principle of inclusive solutions; the rule of law; the principle of inclusive democracy; principles of decent work and decent living standards; the principle of entrepreneurial activity for all; the principle of social cohesion; principle of being scientific. The subject of our further research is to identify the infrastructure functions of an inclusive labor market.

scholarly journals Inclusive Growth Flagship Initiatives: EU vs Ukraine

2020 ◽  
pp. 106-114
Author(s):  
O. Chaikin
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Sustainable Development Goals ◽  
Social Protection ◽  
Inclusive Development ◽  
Practical Implementation ◽  
Inclusive Growth ◽  
Development Goals ◽  
Global Economic Growth ◽  
The Eu

Significant imbalances of existing development models are demonstrated by global economic growth, and outlines the need to move to a new more flexible and balanced model that is able to maintain the declared high and long-term growth rates together with the preservation of social equality and population general welfare. The purpose of the study is to identify EU comprehensive growth opportunities through of EU flagship initiatives achievement current EU situation in the field of poverty, unemployment, youth and women's unemployment and their involvement as labor force geographical aspects analysis; current state and prospects of EU inclusive development analysis; possibility of the sustainable development goals and inclusive growth based on the EU's flagship initiatives achievement substantiation. The object of the study is the process of inclusive economic growth within the EU through the EU flagship initiatives practical implementation. It is determined that along with traditional economic growth indicators it is necessary to take into account the human capital equality, ecological state of the environment, social protection, food security and social cohesion. Imperative knowledge on the interconnection of EU policy priorities and flagship initiatives, sustainable development goals and their compliance with inclusive economic development are systematized. The expediency of European inclusive economic growth model, declared in the “Europe 2020” strategy, design and implementation was grounded. Modern trends and geographical aspects of state of unemployment and poverty in the European region countries is determined. The level of women's participation in the European economy is analyzed. The level of women employment in comparison with men in the EU countries is analyzed, which made it possible to determine that this indicator is consistently lower, however, there is no significant disparity in most member states. It is substantiated that at the new cross-border economic order conditions, proposed by the EU, inclusive growth allows all member countries enjoy the progressive results of the union, economic integration and economic growth. Key words: inclusive growth, sustainable development, employment.

scholarly journals WHATEVER HAPPENED TO BRAZIL?

2021 ◽  
Vol 5 (3) ◽  
pp. 17-36
Author(s):  
LADISLAU DOWBOR
Keyword(s):  
Economic Growth ◽  
Structural Change ◽  
Child Mortality ◽  
World Bank ◽  
Social Inclusion ◽  
Inclusive Development ◽  
Inclusive Growth ◽  
Environment Protection ◽  
The World Bank ◽  
The World

Under Lula and Dilma, during the 2003-2013 decade that the World Bank called “the Golden Decade of Brazil”, we had simultaneously economic growth, social inclusion, environment protection and job expansion. With no deficit and very low inflation, and all despite the turbulence of the 2008 crisis. The onslaught on the inclusive policies started in 2014, Dilma was ousted through a thinly disguised coup in 2016, ex-president Lula was jailed for the time of the 2018 election, won by Jair Bolsonaro. Since the old oligarchies and corporate interests took over, the economy is stalled, unemployment has doubled, the Amazon is being cut down, child mortality is growing. The pandemic deepened an already general economic and social crisis. The aim of this paper is to present an overview of what went wrong, centering not on the pandemic itself, but on the deeper structural change that reversed the inclusive growth model of the popular governments. This involves the economy, but also technological, social and political change. The overall thesis is that inclusive development works, austerity does not.

Neglect of Growing Income and Asset Inequalities: A Flaw in Public Policy Discourses in India

2018 ◽  
Vol 12 (2) ◽  
pp. 149-180 ◽  
Author(s):  
S. L. Shetty
Keyword(s):  
Income Tax ◽  
Growth Strategy ◽  
Inclusive Development ◽  
Tax Revenue ◽  
Inclusive Growth ◽  
World Economic Forum ◽  
The World ◽  
World Economic ◽  
Policy Failures ◽  
Comprehensive Study

The article seeks to flag a fundamental flaw in public policies in India, namely, the neglect of growing inequalities in income and asset distributions and their causes and consequences. The article sets out a series of direct and indirect indicators of income and asset inequalities: inter-sectoral inequalities between rural-urban and farm and non-farm incomes, inter-state inequalities, gross inequalities in the distributions of urban incomes as per income-tax revenue statistics and explosive increases in remunerations of company executives. It has been pointed out that both in conception and actual implementation of the “inclusive growth” strategy, serious compromises have been made and inequalities have got worsened. In this respect, the article quotes extensively a comprehensive study done by the World Economic Forum very recently, which points out how India scores very poorly in its Inclusive Development Index (IDI) and attributes it to various policy failures.

Inaugural Address

1991 ◽  
Vol 30 (4I) ◽  
pp. 329-333
Author(s):  
Sartaj Aziz
Keyword(s):  
Economic Growth ◽  
Social Development ◽  
Development Process ◽  
General Meeting ◽  
Academic Excellence ◽  
Inaugural Address ◽  
Annual General Meeting ◽  
Slowing Down ◽  
The World ◽  
World Economic

Syed Nawab Haider Naqvi, Dr A. R. Kemal, Distinguished Guests, Ladies and Gentlemen: It is a matter of pleasure and privilege for me to inaugurate the Seventh Annual General Meeting of the Pakistan Society of Development Economists. I;un grateful to the President of the Society for his invitation to address this august body. I am pleased to observe that in its short but eventful existence the Society has grown in stature, nationally and internationally. It has contributed immensely to the cause of development economics and has deepened our understanding of the development process in Pakistan. The Society has carried out its task: in a low-keyed but efficient fashion, and has shown its commitment to achieving academic excellence. I wish to congratulate the Society for its accomplishments, with the sincere hope that it will continue to pursue its mission with undivided attention. This session of the Society is taking place at a crucial time. On the international front, the world is in the grip of a serious crisis emanating from the Gulf situation and the slowing down of world economic growth. And at home, despite many constraints the newly elected Government has embarked upon a bold programme of economic and social development and reforms.

Region’s inclusive development index as a criterion of evaluation of the territories’ socio-economic development level

2019 ◽  
pp. 20-25
Author(s):  
Svitlana Pukhyr
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Global Economy ◽  
Growth Models ◽  
Inclusive Development ◽  
Inclusive Growth ◽  
Development Index ◽  
Socio Economic Development ◽  
Per Capita ◽  
European Standards

The paper is devoted to examining of theoretical and practical aspects of introduction of the Regions’ Inclusive Development Index. At current stage, the works of contemporary foreign and domestic scientists are focused on the research of inclusive development and inclusive growth, where they more or less outline substantial misbalances of global economy growth models – GDP volumes growth is accompanied by inharmonious distribution of income between the entities, leading to stratification of population and aggravating poverty – and suggest a new balanced model of economic growth of socio-economic systems with growing involvement of all residents in economic growth processes and fair distribution of their results. Growing gaps in regions’ development, low credibility of GRP per capita in terms of estimation of socio-economic development of territories, their competitive ability and problematic nature objectively cause the need to introduce a new aggregated index to systemically and complexly make constructive managerial decisions to overcome negative tendencies, to conduct efficient state regional policy and to provide state financial assistance. The author’s approach to introduction of «Region’s Inclusive Development Index» in Ukraine at the level of regions, which is an analogue to international «Inclusive Development Index», which should show the growth (fall) of residents’ welfare in the region more comprehensively and promote achievement of European standards of the quality of life, which correspond to the principles of inclusive growth. The results of calculations of suggested Region’s Inclusive Development Index and comparative analysis by the rate of GRP per capita in followup of socio-economic development of Ukrainian regions in 2016-2017 show the reasonability of introducing this criterion as far as it reveals the advantages and defects of each region’s socio-economic development.

scholarly journals INCLUSIVE GROWTH POLICY AND INSTITUTIONAL ASSESSMENT: THE CASE OF CENTRAL AND EASTERN EUROPEAN COUNTRIES

2021 ◽  
Vol 7 (2) ◽  
pp. 233-239
Author(s):  
Olga Tsapko-Piddubna
Keyword(s):  
Economic Growth ◽  
Comparative Analysis ◽  
Regression Model ◽  
Growth And Development ◽  
Well Being ◽  
Inclusive Development ◽  
Inclusive Growth ◽  
Development Patterns ◽  
Economic Opportunities ◽  
Economic Well Being

The article highlights the necessity of inclusive growth and development concept implementation in times of economic and social instability as it is widely recognized as the one that can and should tackle the common long existing problems like poverty, inequality, and insecurity. Thus, the subject of this research is to compare the patterns of inclusive growth and development across economies of Central and Eastern Europe (CEE); and to investigate the driving policies and institutions to countries’ inclusive growth and development. The research objective is to highlight policies that would increase equality, economic well-being, and as a result, the competitiveness of CEE countries. Methods. For this purpose, the comparative analysis of CEE countries’ inclusive growth and development patterns was done; and the empirical evaluation was done to observe relationship between the Inclusive Development Index and indicators that described economic policies and institutional factors relevant to inclusiveness. In a comparative analysis and a cross-country regression model (for both dependent and independent variables), a recently developed by World Economic Forum performance metric was used. Results. The main findings suggest that the Czech and Slovak Republics are the best performing among CEE countries in inclusive growth and development patterns. On the contrary, Ukraine, Moldova, and Russian Federation are the worst. Economic growth of these countries has not transformed well into social inclusion. Still, there is a great potential for all CEE economies to improve their social inclusiveness in comparison with EU-28 and Norway (the most inclusive economy in 2018). Results of the empirical research indicate that redistributive fiscal policy has little influence on inclusive growth and development. Nevertheless, it should create a public social protection system that is engaged in decreasing poverty, vulnerability, and marginalization without hampering economic growth. Besides, an effective and inclusive redistributive state system of CEE economies should accentuate on supporting human economic opportunities. According to the results of the regression model, positive strong influence on inclusive growth and development is associated with the employment and labour compensation policy that allows people to directly increase their incomes and feel active and productive members of society; the basic services and infrastructure policy which is a necessary ground for present and future human and economic development; the asset building and entrepreneurship policy provides diminishing inequality and rising economic opportunities by fostering medium and small business creation and enlarging possibilities of home and other asset ownership. Altogether these policies would increase broad-based human economic opportunities and consequently both equality, economic well-being, and CEE economies’ competitiveness in the long run. The counter-intuitive effect observed in the regression model between education and skills development policy and country’s inclusive growth and development needs further investigations, as education is important for social mobility and decrease in income and wealth inequality.

scholarly journals INCLUSIVE GROWTH AND DEVELOPMENT PATTERNS OF CENTRAL AND EASTERN EUROPEAN COUNTRIES

2021 ◽  
Author(s):  
Olga Tsapko-Piddubna
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Social Inclusion ◽  
Slovak Republic ◽  
Well Being ◽  
Inclusive Growth ◽  
Development Patterns ◽  
Performance Metric ◽  
World Economic ◽  
Eastern European Countries

The primary intension behind this study is to analyse and compare the patterns of inclusive growth and development across economies of Central and Eastern Europe based on a performance metric developed by the World Economic Forum. The current state of growth and inequality is analyzed through pillars оf 1) growth and development; 2) inclusion; and 3) intergenerational equity and sustainability. The EU and Norway, the most inclusive country in 2017, were included into the study as a benchmark. The main findings suggest that the Czech and Slovak Republic are the best performing among CEE countries in inclusive growth and development patterns. On the contrary, Ukraine, Moldova, and Russian Federation are the worst. These countries have not transformed their economic growth into social inclusion. In order to improve the inclusiveness of economic growth, it is recommended to promote policies that would increase human economic opportunities and productive employment, and consequently, both equality and economic well-being of CEE economies.

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