1887

Promoting Inclusive Growth

Challenges and Policies

image of Promoting Inclusive Growth

This volume discusses several policy challenges facing countries to achieve and sustain inclusive growth. The volume is based on the proceedings of a conference co-organised by the OECD Economics Department and the World Bank on 24-25 March 2011, which brought together academics and practitioners from advanced, emerging-market and developing economies. While discussions on strong growth typically focus on the pace of economic expansion, those on inclusiveness also delve into the patterns of growth and on how its benefits are shared among the various social groups. An important message that came out of the conference is that strong growth is not necessarily inclusive and that policy action is needed to make sure that pro-growth initiatives also foster inclusiveness.

English

.

Finance, regulation and inclusive growth

Regulatory agencies that foster competition among private financial institutions, promote transparency throughout the financial system and work relentlessly to reform policies that perversely distort the incentives of private institutions encourage inclusive growth. In contrast, regulations that stymie competition in the name of stability and policies that funnel credit to politically-favoured ends in the name of the poor typically curtail inclusive growth. Political economy factors are paramount in shaping the design and implementation of financial regulatory policies since powerful segments of society may seek exclusive - not inclusive - growth.

English

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error