Stephan Klasen
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447332497
- eISBN:
- 9781447332534
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447332497.003.0006
- Subject:
- Social Work, Social Policy
Inclusive growth has been proposed as another approach to ensuring that economic growth promotes well-being for all. At the same time, the precise definition of inclusive growth, its relation to ...
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Inclusive growth has been proposed as another approach to ensuring that economic growth promotes well-being for all. At the same time, the precise definition of inclusive growth, its relation to related concepts, such as pro-poor growth, social exclusion, or inequality, is not very clear. This chapter proposes a way to define inclusive growth, differentiate from related concepts, and propose particular indicators that can be used to monitor inclusive growth in developing and developed countries.Less
Inclusive growth has been proposed as another approach to ensuring that economic growth promotes well-being for all. At the same time, the precise definition of inclusive growth, its relation to related concepts, such as pro-poor growth, social exclusion, or inequality, is not very clear. This chapter proposes a way to define inclusive growth, differentiate from related concepts, and propose particular indicators that can be used to monitor inclusive growth in developing and developed countries.
Christopher Deeming and Paul Smyth
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447332497
- eISBN:
- 9781447332534
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447332497.003.0002
- Subject:
- Social Work, Social Policy
The chapter will examine the strengths and weaknesses of the social investment approach before looking at how it can be enhanced by the inclusive growth framework which has been the subject of a ...
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The chapter will examine the strengths and weaknesses of the social investment approach before looking at how it can be enhanced by the inclusive growth framework which has been the subject of a major dialogue between the OECD itself with the World Bank. This chapter reflects on how well the social policy discipline is responding to the challenge of reintegration with economic policy identifying the key challenges which lie ahead for developed economies.Less
The chapter will examine the strengths and weaknesses of the social investment approach before looking at how it can be enhanced by the inclusive growth framework which has been the subject of a major dialogue between the OECD itself with the World Bank. This chapter reflects on how well the social policy discipline is responding to the challenge of reintegration with economic policy identifying the key challenges which lie ahead for developed economies.
K. Pushpangadan and V.N. Balasubramanyam (eds)
- Published in print:
- 2012
- Published Online:
- September 2012
- ISBN:
- 9780198077992
- eISBN:
- 9780199081608
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198077992.001.0001
- Subject:
- Economics and Finance, Development, Growth, and Environmental
Most states in India have experienced relatively high growth rates since the introduction of extensive economic liberalization measures. But there does not seem to be a recognizable correlation ...
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Most states in India have experienced relatively high growth rates since the introduction of extensive economic liberalization measures. But there does not seem to be a recognizable correlation between the growth rates of states and their development record. ‘Growth’ and ‘development’ have been considered synonymous and used interchangeably, until recently. The concern that growth may not result in development has been expressed by Indian planners, policymakers, and experts on development issues. This volume not only recognizes this, but also analyses the main issue—the contribution of liberalization-induced growth to development. It helps us investigate how inclusive post-liberalization growth has been. The volume is covers three broad themes. The first section looks into the regional dimension of the growth–development debate. Combining economic theory with rigorous empirical investigations, regional disparities within and across the states of Kerala, Karnataka, Andhra Pradesh, and Bihar are identified. The second section delves into the impact of growth on vital aspects like child labour, nutrition, and education. Finally, the last section discusses the implications of growth on employment, trade, and productivity. The volume offers suggestions for policy at the state and sectoral levels for the promotion of inclusive growth in India.Less
Most states in India have experienced relatively high growth rates since the introduction of extensive economic liberalization measures. But there does not seem to be a recognizable correlation between the growth rates of states and their development record. ‘Growth’ and ‘development’ have been considered synonymous and used interchangeably, until recently. The concern that growth may not result in development has been expressed by Indian planners, policymakers, and experts on development issues. This volume not only recognizes this, but also analyses the main issue—the contribution of liberalization-induced growth to development. It helps us investigate how inclusive post-liberalization growth has been. The volume is covers three broad themes. The first section looks into the regional dimension of the growth–development debate. Combining economic theory with rigorous empirical investigations, regional disparities within and across the states of Kerala, Karnataka, Andhra Pradesh, and Bihar are identified. The second section delves into the impact of growth on vital aspects like child labour, nutrition, and education. Finally, the last section discusses the implications of growth on employment, trade, and productivity. The volume offers suggestions for policy at the state and sectoral levels for the promotion of inclusive growth in India.
Masahiro Kawai, Mario B. Lamberte, and Yung Chul Park (eds)
- Published in print:
- 2012
- Published Online:
- January 2013
- ISBN:
- 9780199660957
- eISBN:
- 9780191748981
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199660957.001.0001
- Subject:
- Economics and Finance, Financial Economics, South and East Asia
This book aims to analyse the impact of the global financial crisis of 2007–09 on Asian economies, to assess the policy responses to the crisis in terms of their effectiveness and sustainability, and ...
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This book aims to analyse the impact of the global financial crisis of 2007–09 on Asian economies, to assess the policy responses to the crisis in terms of their effectiveness and sustainability, and to draw lessons about how best to avoid and/or mitigate future crises and to identify structural policy recommendations that can help guide Asian policymakers to expand the growth potential of domestic and regional demand in future, and thereby create a basis for sustainable and inclusive growth. The book is organized into four parts. Part 1 discusses the motivation of the book, provides an overview of the major issues, and presents some policy recommendations. Part 2 includes two chapters that review the crisis in the US and its transmission to Europe. Part 3 focuses on the impacts of the global financial crisis on Asian economies, policy responses and growth strategies. And finally, Part 4 deals with lessons of the crisis for emerging markets. The main inference of the book is that Asian economies have recovered strongly from the global financial crisis, reflecting their aggressive moves to ease monetary and fiscal policy as well as the underlying fundamental strength of their economies. However, Asia as a whole needs to transform itself into a large consumer market while maintaining its competitiveness, by rebalancing sources of growth away from excessive dependence on extra-regional to domestic and regional demand. This growth rebalancing effort requires closer policy coordination in Asia in order to pursue structural adjustment, integration of regional markets, and socially inclusive and environmentally sustainable growth.Less
This book aims to analyse the impact of the global financial crisis of 2007–09 on Asian economies, to assess the policy responses to the crisis in terms of their effectiveness and sustainability, and to draw lessons about how best to avoid and/or mitigate future crises and to identify structural policy recommendations that can help guide Asian policymakers to expand the growth potential of domestic and regional demand in future, and thereby create a basis for sustainable and inclusive growth. The book is organized into four parts. Part 1 discusses the motivation of the book, provides an overview of the major issues, and presents some policy recommendations. Part 2 includes two chapters that review the crisis in the US and its transmission to Europe. Part 3 focuses on the impacts of the global financial crisis on Asian economies, policy responses and growth strategies. And finally, Part 4 deals with lessons of the crisis for emerging markets. The main inference of the book is that Asian economies have recovered strongly from the global financial crisis, reflecting their aggressive moves to ease monetary and fiscal policy as well as the underlying fundamental strength of their economies. However, Asia as a whole needs to transform itself into a large consumer market while maintaining its competitiveness, by rebalancing sources of growth away from excessive dependence on extra-regional to domestic and regional demand. This growth rebalancing effort requires closer policy coordination in Asia in order to pursue structural adjustment, integration of regional markets, and socially inclusive and environmentally sustainable growth.
Paul Smyth and Christopher Deeming
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447332497
- eISBN:
- 9781447332534
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447332497.003.0015
- Subject:
- Social Work, Social Policy
What have learned? Are we talking about a coherent shift in social policy perspective? What have we learned about the challenges ahead for strengthening welfare systems, and for economic and ...
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What have learned? Are we talking about a coherent shift in social policy perspective? What have we learned about the challenges ahead for strengthening welfare systems, and for economic and sustainable growth for all. In this final chapter we will critically consider the perspectives, and ask whether they are simply saying the same thing with different accents (e.g. different disciplinary and country foci) and whether or the extent to which they have different/unique features. Summary tables will be included to summarise approaches and lessons learned.Less
What have learned? Are we talking about a coherent shift in social policy perspective? What have we learned about the challenges ahead for strengthening welfare systems, and for economic and sustainable growth for all. In this final chapter we will critically consider the perspectives, and ask whether they are simply saying the same thing with different accents (e.g. different disciplinary and country foci) and whether or the extent to which they have different/unique features. Summary tables will be included to summarise approaches and lessons learned.
Valerie Cerra
- Published in print:
- 2021
- Published Online:
- January 2022
- ISBN:
- 9780192846938
- eISBN:
- 9780191939372
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780192846938.003.0022
- Subject:
- Economics and Finance, Financial Economics
The final chapter provides recap of the main takeaways from the rest of the book, including the high and rising global disparities, headwinds going forward, and the required policy response. The book ...
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The final chapter provides recap of the main takeaways from the rest of the book, including the high and rising global disparities, headwinds going forward, and the required policy response. The book synthesized the theory, empirical findings, and policy experiences on the many dimensions of inclusive growth. But despite the voluminous literature on most of the topics, there are still substantial gaps in our knowledge. The chapter then summarizes some of the key areas in which additional research could be helpful in further expanding our knowledge to improve inclusive growth. Finally, the chapter provides an extensive set of resources for more information and policy support for readers interested in delving deeper into specific topics.Less
The final chapter provides recap of the main takeaways from the rest of the book, including the high and rising global disparities, headwinds going forward, and the required policy response. The book synthesized the theory, empirical findings, and policy experiences on the many dimensions of inclusive growth. But despite the voluminous literature on most of the topics, there are still substantial gaps in our knowledge. The chapter then summarizes some of the key areas in which additional research could be helpful in further expanding our knowledge to improve inclusive growth. Finally, the chapter provides an extensive set of resources for more information and policy support for readers interested in delving deeper into specific topics.
Valerie Cerra
- Published in print:
- 2021
- Published Online:
- January 2022
- ISBN:
- 9780192846938
- eISBN:
- 9780191939372
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780192846938.003.0001
- Subject:
- Economics and Finance, Financial Economics
This chapter provides an introduction to inclusive growth. It lays out the key striking facts on rising inequality and widespread disparities. The concept of inclusive growth is defined and compared ...
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This chapter provides an introduction to inclusive growth. It lays out the key striking facts on rising inequality and widespread disparities. The concept of inclusive growth is defined and compared with alternative measures of economic activity and well-being. Then, alternative measures of poverty, inequality, and other indicators of well-being are explained. Inclusive growth is multi-dimensional and requires a comprehensive and integrated framework to link all of the strands. Therefore, the chapter provides an Inclusive Growth Framework that can serve as the basis for analysis and policy design. It spans private sector inputs, government policies, and disparities in outcomes. The final section of the chapter uses the framework as a road map to the rest of the chapters in the book, explaining how they fit together.Less
This chapter provides an introduction to inclusive growth. It lays out the key striking facts on rising inequality and widespread disparities. The concept of inclusive growth is defined and compared with alternative measures of economic activity and well-being. Then, alternative measures of poverty, inequality, and other indicators of well-being are explained. Inclusive growth is multi-dimensional and requires a comprehensive and integrated framework to link all of the strands. Therefore, the chapter provides an Inclusive Growth Framework that can serve as the basis for analysis and policy design. It spans private sector inputs, government policies, and disparities in outcomes. The final section of the chapter uses the framework as a road map to the rest of the chapters in the book, explaining how they fit together.
Paul Shaffer
- Published in print:
- 2019
- Published Online:
- March 2019
- ISBN:
- 9780198832317
- eISBN:
- 9780191870965
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780198832317.003.0002
- Subject:
- Economics and Finance, Development, Growth, and Environmental
This chapter provides a survey of theoretical and empirical issues related to immiserizing growth (IG). It reviews historical antecedents, including the towering figures of classical political ...
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This chapter provides a survey of theoretical and empirical issues related to immiserizing growth (IG). It reviews historical antecedents, including the towering figures of classical political economy—Malthus, Ricardo, and Marx—who held different versions of the IG idea. A number of the causal mechanisms generating IG outcomes are then reviewed, drawing on diverse traditions of scholarship, with a focus on political economy, politics, and the policy process. Finally, the empirical literature is examined drawing on cross-country and country case information. The chapter concludes that IG is not an insignificant empirical phenomenon, which has been somewhat overlooked in light of the prevailing narrative that ‘growth is good for the poor’.Less
This chapter provides a survey of theoretical and empirical issues related to immiserizing growth (IG). It reviews historical antecedents, including the towering figures of classical political economy—Malthus, Ricardo, and Marx—who held different versions of the IG idea. A number of the causal mechanisms generating IG outcomes are then reviewed, drawing on diverse traditions of scholarship, with a focus on political economy, politics, and the policy process. Finally, the empirical literature is examined drawing on cross-country and country case information. The chapter concludes that IG is not an insignificant empirical phenomenon, which has been somewhat overlooked in light of the prevailing narrative that ‘growth is good for the poor’.
Paul Shaffer, Ravi Kanbur, and Richard Sandbrook (eds)
- Published in print:
- 2019
- Published Online:
- March 2019
- ISBN:
- 9780198832317
- eISBN:
- 9780191870965
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780198832317.003.0001
- Subject:
- Economics and Finance, Development, Growth, and Environmental
This chapter provides context for the volume chapters. It addresses definitional and conceptual matters concerning growth, poverty, and the time frame and level of analysis. The distinction between ...
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This chapter provides context for the volume chapters. It addresses definitional and conceptual matters concerning growth, poverty, and the time frame and level of analysis. The distinction between ‘failed inclusion’ and ‘active exclusion’ is then presented to distinguish some of the underlying causal mechanisms. Next, the centrality of political economy and politics to the analysis of immiserizing growth (IG) is explained on the grounds that many of the causal mechanisms leading to IG are public policy measures or stand to be affected by them. The relationship of IG to poverty dynamics is then explored to determine if immiserizing growth is characterized by distinct types of transitory or chronic poverty.Less
This chapter provides context for the volume chapters. It addresses definitional and conceptual matters concerning growth, poverty, and the time frame and level of analysis. The distinction between ‘failed inclusion’ and ‘active exclusion’ is then presented to distinguish some of the underlying causal mechanisms. Next, the centrality of political economy and politics to the analysis of immiserizing growth (IG) is explained on the grounds that many of the causal mechanisms leading to IG are public policy measures or stand to be affected by them. The relationship of IG to poverty dynamics is then explored to determine if immiserizing growth is characterized by distinct types of transitory or chronic poverty.
Christopher Deeming and Paul Smyth (eds)
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447332497
- eISBN:
- 9781447332534
- Item type:
- book
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447332497.001.0001
- Subject:
- Social Work, Social Policy
This book is concerned with ‘Social Investment’, in terms of a supply-side strategy complementing the demand-side emphasis of ‘Inclusive Growth’. Our aim is to show the logic of integrating and ...
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This book is concerned with ‘Social Investment’, in terms of a supply-side strategy complementing the demand-side emphasis of ‘Inclusive Growth’. Our aim is to show the logic of integrating and unifying these new strategies – and some of the challenges ahead - as we move decisively towards forging a new consensus in global policymaking for the twenty-first century based on this new policy perspective: Social Investment for Inclusive Growth.Less
This book is concerned with ‘Social Investment’, in terms of a supply-side strategy complementing the demand-side emphasis of ‘Inclusive Growth’. Our aim is to show the logic of integrating and unifying these new strategies – and some of the challenges ahead - as we move decisively towards forging a new consensus in global policymaking for the twenty-first century based on this new policy perspective: Social Investment for Inclusive Growth.
Sarah Cook
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447332497
- eISBN:
- 9781447332534
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447332497.003.0004
- Subject:
- Social Work, Social Policy
Remaking the relationship between paid work and welfare looms as the central challenge for an inclusive growth regime. Neoliberal economic policies created a legacy of high unemployment and precarity ...
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Remaking the relationship between paid work and welfare looms as the central challenge for an inclusive growth regime. Neoliberal economic policies created a legacy of high unemployment and precarity that has not been addressed by the social investment approach with its purely supply side focus. Inclusive growth insists that paid work must underpin a sustainable welfare regime. But how can this be done given the state of current labour markets? This chapter reconsiders the paid work welfare nexus.Less
Remaking the relationship between paid work and welfare looms as the central challenge for an inclusive growth regime. Neoliberal economic policies created a legacy of high unemployment and precarity that has not been addressed by the social investment approach with its purely supply side focus. Inclusive growth insists that paid work must underpin a sustainable welfare regime. But how can this be done given the state of current labour markets? This chapter reconsiders the paid work welfare nexus.
Binayak Sen
- Published in print:
- 2013
- Published Online:
- June 2014
- ISBN:
- 9780198092346
- eISBN:
- 9780199082834
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198092346.003.0009
- Subject:
- Economics and Finance, South and East Asia
This chapter defines inclusiveness as transforming the relative position of the poor from principal to agent. It argues that Bangladesh has achieved considerable economic and social gains since the ...
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This chapter defines inclusiveness as transforming the relative position of the poor from principal to agent. It argues that Bangladesh has achieved considerable economic and social gains since the 1990s inspite of weak governance. However challenges, some of them systemic, remain. These include sustaining GDP growth and improving social indicators in the context of better governance. The human development framework needs to be extended to include rights to development. The chapter proposes a new social compact for inclusive development in settlements inhabited by marginalized groups. It concurs with Rehman Sobhan’s idea of addressing the structure of injustice in the economy and society.Less
This chapter defines inclusiveness as transforming the relative position of the poor from principal to agent. It argues that Bangladesh has achieved considerable economic and social gains since the 1990s inspite of weak governance. However challenges, some of them systemic, remain. These include sustaining GDP growth and improving social indicators in the context of better governance. The human development framework needs to be extended to include rights to development. The chapter proposes a new social compact for inclusive development in settlements inhabited by marginalized groups. It concurs with Rehman Sobhan’s idea of addressing the structure of injustice in the economy and society.
Younes Zouhar, Jon Jellema, Nora Lustig, and Mohamed Trabelsi
- Published in print:
- 2021
- Published Online:
- January 2022
- ISBN:
- 9780192846938
- eISBN:
- 9780191939372
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780192846938.003.0013
- Subject:
- Economics and Finance, Financial Economics
This chapter explores the role of public expenditure in fostering inclusive growth. It starts with a presentation of salient features of public expenditure. Then, it lays out an analytical framework ...
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This chapter explores the role of public expenditure in fostering inclusive growth. It starts with a presentation of salient features of public expenditure. Then, it lays out an analytical framework that describes the channels through which public expenditure affects inequality and poverty in the short and long term. Based on a review of the empirical literature, it discusses the policy options. Finally, the chapter assesses the role of key factors such as the initial conditions, and the institutions, in shaping the inclusive spending policies.Less
This chapter explores the role of public expenditure in fostering inclusive growth. It starts with a presentation of salient features of public expenditure. Then, it lays out an analytical framework that describes the channels through which public expenditure affects inequality and poverty in the short and long term. Based on a review of the empirical literature, it discusses the policy options. Finally, the chapter assesses the role of key factors such as the initial conditions, and the institutions, in shaping the inclusive spending policies.
Sriram Balasubramanian, Lahcen Bounader, Jana Bricco, and Dmitry Vasilyev
- Published in print:
- 2021
- Published Online:
- January 2022
- ISBN:
- 9780192846938
- eISBN:
- 9780191939372
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780192846938.003.0021
- Subject:
- Economics and Finance, Financial Economics
Is there a one-size-fits-all approach to inclusive growth? This chapter looks at four key case studies across advanced and emerging markets—the Nordics, India, Brazil, and Egypt—to try to answer this ...
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Is there a one-size-fits-all approach to inclusive growth? This chapter looks at four key case studies across advanced and emerging markets—the Nordics, India, Brazil, and Egypt—to try to answer this question. It highlights qualitatively in these countries the key components of inclusive growth models, outcomes from these models, and the road ahead for these models in the respective countries. Some of the analysis focuses on co-operative labor markets in the Nordics, Direct Benefit transfers in India, the role of social assistance and commodity boom in Brazil, and the inequality puzzle in Egypt. The chapter finds that there is a lack of homogeneity among the approaches by these countries and identifies the need for customized solutions to inclusive growth in the respective countries. A one-size-fits-all approach doesn’t seem to work. The more customized the inclusive growth model, the better the overall outcomes.Less
Is there a one-size-fits-all approach to inclusive growth? This chapter looks at four key case studies across advanced and emerging markets—the Nordics, India, Brazil, and Egypt—to try to answer this question. It highlights qualitatively in these countries the key components of inclusive growth models, outcomes from these models, and the road ahead for these models in the respective countries. Some of the analysis focuses on co-operative labor markets in the Nordics, Direct Benefit transfers in India, the role of social assistance and commodity boom in Brazil, and the inequality puzzle in Egypt. The chapter finds that there is a lack of homogeneity among the approaches by these countries and identifies the need for customized solutions to inclusive growth in the respective countries. A one-size-fits-all approach doesn’t seem to work. The more customized the inclusive growth model, the better the overall outcomes.
Lisa Dellmuth
- Published in print:
- 2021
- Published Online:
- January 2022
- ISBN:
- 9781529217469
- eISBN:
- 9781529217490
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781529217469.003.0007
- Subject:
- Political Science, European Union
This chapter summarizes the book’s major findings and considers the broader implications of the EU’s mixed performance on well-being for the future of inclusive growth and legitimacy in the EU. In ...
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This chapter summarizes the book’s major findings and considers the broader implications of the EU’s mixed performance on well-being for the future of inclusive growth and legitimacy in the EU. In common with all types of political institutions, the EU is more likely to solve problems if it enjoys legitimacy. As previous literature has firmly established, however, the EU’s is being increasingly critically discussed and we are witnessing a nationalistic backlash against European integration, which is particularly rooted in the social groups of those who perceive themselves to be “left behind”. The findings of this book suggest that reforming EU regional spending to buttress regional well-being should be part and parcel of work to counteract adverse spending effects on well-being, and to strengthen citizens’ beliefs in the legitimacy of the EU. The book closes by sketching some avenues for future research.Less
This chapter summarizes the book’s major findings and considers the broader implications of the EU’s mixed performance on well-being for the future of inclusive growth and legitimacy in the EU. In common with all types of political institutions, the EU is more likely to solve problems if it enjoys legitimacy. As previous literature has firmly established, however, the EU’s is being increasingly critically discussed and we are witnessing a nationalistic backlash against European integration, which is particularly rooted in the social groups of those who perceive themselves to be “left behind”. The findings of this book suggest that reforming EU regional spending to buttress regional well-being should be part and parcel of work to counteract adverse spending effects on well-being, and to strengthen citizens’ beliefs in the legitimacy of the EU. The book closes by sketching some avenues for future research.
Akmal Hussain and Muchkund Dubey (eds)
- Published in print:
- 2013
- Published Online:
- June 2014
- ISBN:
- 9780198092346
- eISBN:
- 9780199082834
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198092346.001.0001
- Subject:
- Economics and Finance, South and East Asia
The book examines in the context of South Asia, four interrelated dimensions that constitute the central policy challenges of our time: consolidating democracy, violent extremism, mass poverty, and ...
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The book examines in the context of South Asia, four interrelated dimensions that constitute the central policy challenges of our time: consolidating democracy, violent extremism, mass poverty, and climate change. These dimensions are explored at the country-specific as well as the regional levelby some of the leading scholars and eminent public figures from the region, and the inter connections between these dimensions are developed in Chapter 1. Consolidating democracy requires governments to give space to civil society and provide institutional access to the under-privileged over governance decisions that affect their life. Such empowerment requires rapid poverty reduction through inclusive growth. A major hurdle in achieving inclusive growth is climate change, which has a relatively greater adverse effect on the poor. Mitigation and adaptation measures require collective efforts for joint watershed management, improved efficiency of irrigation and water use, development of heat-resistant varieties of food grains, and development of decentralized food stock silos to manage possible food shortages in future. The book advocates that a prerequisite for such efforts is a new approach based on interstate peace and cooperation. This could facilitate the establishment within individual nation states of institutional links between democratic structures, development initiatives, managing violence, and conserving the environment. The potential for cooperation is located in the perennial wisdom of South Asia. Through the interplay of the plurality of religions and cultures in South Asian history has emerged a consciousness of transcendent unity. Rediscovering this consciousness could play an important role in articulating new institutions for cooperation to build a better future for the people of this region.Less
The book examines in the context of South Asia, four interrelated dimensions that constitute the central policy challenges of our time: consolidating democracy, violent extremism, mass poverty, and climate change. These dimensions are explored at the country-specific as well as the regional levelby some of the leading scholars and eminent public figures from the region, and the inter connections between these dimensions are developed in Chapter 1. Consolidating democracy requires governments to give space to civil society and provide institutional access to the under-privileged over governance decisions that affect their life. Such empowerment requires rapid poverty reduction through inclusive growth. A major hurdle in achieving inclusive growth is climate change, which has a relatively greater adverse effect on the poor. Mitigation and adaptation measures require collective efforts for joint watershed management, improved efficiency of irrigation and water use, development of heat-resistant varieties of food grains, and development of decentralized food stock silos to manage possible food shortages in future. The book advocates that a prerequisite for such efforts is a new approach based on interstate peace and cooperation. This could facilitate the establishment within individual nation states of institutional links between democratic structures, development initiatives, managing violence, and conserving the environment. The potential for cooperation is located in the perennial wisdom of South Asia. Through the interplay of the plurality of religions and cultures in South Asian history has emerged a consciousness of transcendent unity. Rediscovering this consciousness could play an important role in articulating new institutions for cooperation to build a better future for the people of this region.
Valerie Cerra, Barry Eichengreen, Asmaa El-Ganainy, and Martin Schindler (eds)
- Published in print:
- 2021
- Published Online:
- January 2022
- ISBN:
- 9780192846938
- eISBN:
- 9780191939372
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780192846938.001.0001
- Subject:
- Economics and Finance, Financial Economics
Rising inequality and widespread poverty, social unrest and polarization, gender and ethnic disparities, declining social mobility, economic fragility, unbalanced growth due to technology and ...
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Rising inequality and widespread poverty, social unrest and polarization, gender and ethnic disparities, declining social mobility, economic fragility, unbalanced growth due to technology and globalization, and existential danger from climate change are urgent global concerns of our day. These issues are intertwined. They therefore require a holistic framework to examine their interplay and bring the various strands together. This book brings together leading academic economists and experts from several international institutions to explain the sources and scale of these challenges. The book summarizes a wide array of empirical evidence and country experiences, lays out practical policy solutions, and devises a comprehensive and unified plan of action for combatting these economic and social disparities. This authoritative book is accessible to policy makers, students, and the general public interested in how to craft a brighter future by building a sustainable, green, and inclusive society in the years ahead.Less
Rising inequality and widespread poverty, social unrest and polarization, gender and ethnic disparities, declining social mobility, economic fragility, unbalanced growth due to technology and globalization, and existential danger from climate change are urgent global concerns of our day. These issues are intertwined. They therefore require a holistic framework to examine their interplay and bring the various strands together. This book brings together leading academic economists and experts from several international institutions to explain the sources and scale of these challenges. The book summarizes a wide array of empirical evidence and country experiences, lays out practical policy solutions, and devises a comprehensive and unified plan of action for combatting these economic and social disparities. This authoritative book is accessible to policy makers, students, and the general public interested in how to craft a brighter future by building a sustainable, green, and inclusive society in the years ahead.
Marc Bacchetta, Valerie Cerra, Roberta Piermartini, and Maarten Smeets
- Published in print:
- 2021
- Published Online:
- January 2022
- ISBN:
- 9780192846938
- eISBN:
- 9780191939372
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780192846938.003.0007
- Subject:
- Economics and Finance, Financial Economics
This chapter surveys the literature on the relationship between international trade and inclusive growth. It examines claims that the rise in inequality in many countries can be attributed to the ...
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This chapter surveys the literature on the relationship between international trade and inclusive growth. It examines claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition, especially from EMEs like China, spurring trade tensions and protectionist measures. The chapter investigates the conflicting literature showing the aggregate benefits of trade versus the adverse and persistent impact of trade, especially import competition, on specific industries and local communities. It then reviews the evidence for using trade policies and other complementary policies for adjustment and compensation to those groups adversely affected by trade.Less
This chapter surveys the literature on the relationship between international trade and inclusive growth. It examines claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition, especially from EMEs like China, spurring trade tensions and protectionist measures. The chapter investigates the conflicting literature showing the aggregate benefits of trade versus the adverse and persistent impact of trade, especially import competition, on specific industries and local communities. It then reviews the evidence for using trade policies and other complementary policies for adjustment and compensation to those groups adversely affected by trade.
Tim Jackson and Robin Webster
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447332497
- eISBN:
- 9781447332534
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447332497.003.0014
- Subject:
- Social Work, Social Policy
Macro-economic policy should be evaluated and devised according to sustainability criteria alongside economic and social criteria. Economic goals, whether growth of GDP, productivity or ...
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Macro-economic policy should be evaluated and devised according to sustainability criteria alongside economic and social criteria. Economic goals, whether growth of GDP, productivity or competitiveness should not trump equity/justice or sustainability. But nor should environmental goals trump social goals. The urgent challenge addressed in this chapter is to develop a macroeconomic framework that supports ‘eco-social’ policies to pursue both goals simultaneously.Less
Macro-economic policy should be evaluated and devised according to sustainability criteria alongside economic and social criteria. Economic goals, whether growth of GDP, productivity or competitiveness should not trump equity/justice or sustainability. But nor should environmental goals trump social goals. The urgent challenge addressed in this chapter is to develop a macroeconomic framework that supports ‘eco-social’ policies to pursue both goals simultaneously.
Saman Kelegama
- Published in print:
- 2013
- Published Online:
- June 2014
- ISBN:
- 9780198092346
- eISBN:
- 9780199082834
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198092346.003.0010
- Subject:
- Economics and Finance, South and East Asia
This chapter identifies the principal elements of an effective inclusive growth strategy in Sri Lanka. It observes that while successive governments have undertaken policies for inclusive growth, ...
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This chapter identifies the principal elements of an effective inclusive growth strategy in Sri Lanka. It observes that while successive governments have undertaken policies for inclusive growth, these have been neutralized by the protracted Civil War. It argues that conflicts affect poverty through entitlement failures, such as loss of public entitlements, loss of market/livelihood entitlements, loss of civil/social entitlements, and reverse entitlements resulting from population displacement and asset transfers. The chapter argues that the major challenge for inclusive growth in the post conflict period in Sri Lanka is to address these entitlement failures, particularly in the war-affected areas.Less
This chapter identifies the principal elements of an effective inclusive growth strategy in Sri Lanka. It observes that while successive governments have undertaken policies for inclusive growth, these have been neutralized by the protracted Civil War. It argues that conflicts affect poverty through entitlement failures, such as loss of public entitlements, loss of market/livelihood entitlements, loss of civil/social entitlements, and reverse entitlements resulting from population displacement and asset transfers. The chapter argues that the major challenge for inclusive growth in the post conflict period in Sri Lanka is to address these entitlement failures, particularly in the war-affected areas.
