Understanding inclusive growth: Effective policies for more inclusive societies

By definition, inclusive growth entails the equitable allocation of resources in order to generate benefits that can be incurred by all sectors of the society, thus alleviating poverty and inequality. However, is inclusive growth necessarily pro-poor? And does it ensure reducing the troubles of the most disadvantaged while benefiting everyone? There is yet no clear coherent measure to combine all the dimensions of inclusive growth that involves how the elements of inclusiveness relate to each other and ultimately how they can collectively induce growth.

Rafael Ranieri from the Ministry of Planning, Budget and Management, Brazil presented a paper titled “Inclusive growth: Building up a concept” at the GDN 14th Annual Conference. He tackled the state of the debate on the concepts of inclusive growth and pro-poor growth; highlighting distinctive features of the concept of inclusive growth and contributing to the design of more effective policies through addressing the main issues that can take it further. He argues that, unlike pro-poor growth concepts, inclusive growth is not limited to income outcomes but is rather concerned with the process of growth. In other words, people must actively participate in the growth process for it to be inclusive.

Greater clarity about the meaning of inclusive growth is important to determining clearer policy objectives and thus to designing more effective policies to create more inclusive societies. In their paper, Ranieri and Raquel A. Ramos from the Centre d’Economie de Paris Nord, France emphasize that actual manifestation of inclusion in public policy make a country more resilient to change in the long term, taking into consideration the distinct nature of national concerns and social forces in each country.

                Rafael Ranieri, Ministry of Planning, Budget and Management, Brazil

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