INCLUSIVE DEVELOPMENT ASSESSMENT METHODOLOGY


Keywords: inclusion, economic growth, inclusive growth concept, well-being, human resources.

Abstract

Topicality. Slow economic growth, high unemployment, and rising inequality have driven social change, and inclusive growth has figured prominently in policy debates in the world. The main items on the agenda are the ability of governments to pursue policies that will boost economic growth, equitable distribution of incomes, and the prosperity of social groups. The benefits outlined above go beyond the traditional income generation approach to include inclusive performance in various aspects of social welfare, particular work, and health. While many tools and processes are already available to policymakers, a more coordinated approach is needed to strengthen governance to achieve inclusive growth goals.
Aim and tasks. The study aims to determine the prerequisites, formulate the essence, generalize and critically analyze the methodological foundations of inclusive economic development, which possibility to identify the main problems and propose the main measures for their improvement.
Research results. The concept of inclusive growth is a relatively new theory of economic development. The preconditions concept of inclusive growth its development were laid even at the first stages of the formation of the world economy. And the problem of uneven distribution of income from the economic activity was officially recognized by the world community at the 6th specialized session of the UN General Assembly in 1974. At the beginning of the XXI century, the development gap increasing and the problem of poverty again is able to develop a consensus agenda of the world politics. In the new economic system, a person becomes the engine of economic development. This human-centered concept will be based on inclusive development. This concept, despite its potential, has certain limitations.
Conclusion. The real meaning and methodology for assessing the level of inclusive development is in its infancy and therefore is not devoid of shortcomings. Among the latter, it is necessary to determine: the presence of objective (measurable) and subjective (evaluative) indicators; lack of statistical data to assess the level of inclusive development; the absence of interchangeable and complementary measures, which is associated with the use of different calculation methods in foreign countries; the digitalization process will be disregard basic principles of the functioning of an inclusive economy.

Author Biography

K.V. KOVTONIUK

PhD. (Economics), Associate Prof.
Kyiv National Economic University named after Vadym Hetman
Prospect Peremogy, 54/1, 03057, Kyiv, Ukraine

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Published
2021-08-20
How to Cite
KOVTONIUK, K. (2021). INCLUSIVE DEVELOPMENT ASSESSMENT METHODOLOGY. Economic Innovations, 23(3(80), 165-174. https://doi.org/https://doi.org/10.31520/ei.2021.23.3(80).165-174