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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.

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Policy debate

How do you make growth more inclusive?

Let me begin with an awkward confession. I am a macroeconomist. Macroeconomics is difficult but, as you are aware from reading the news, we have done a splendid job regardless. In contrast, I always thought microeconomics and recipes for structural reform were inherently easier. However, after two years of chairing the Economic and Development Review Committee, which does country reviews at the OECD, I have begun to realise that this is not so.

English

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