Around the world, no bigger policy challenge preoccupies leaders than expanding social participation in the process and benefits of economic growth. The report, which covers 109 economies, seeks to improve our understanding of how countries can use a diverse spectrum of policy incentives and institutional mechanisms to make economic growth more socially inclusive without dampening incentives to work, save and invest.
The Report presents a new global index, the Inclusive Development Index (IDI), providing a richer and more nuanced assessment of countries’ level (and recent performance) of economic development than the conventional one based on GDP per capita alone. It also provides a policy framework showing the many factors that can drive a more inclusive growth process.
Lessons from Norway, the world’s most inclusive economy
The West is beset with widening wealth gaps, shrinking middle classes and fractured societies. It’s a familiar phenomenon, but what if there was a different side to the story?
To save globalization, its benefits need to be more broadly shared
Economists tend to be advocates of globalization. The benefits of specialization and exchange are evident within a country’s borders: no one would seriously suggest that impeding the flow...
Women worldwide are missing out. This is how we can make economic growth equal for all
Glaring gaps in prosperity worldwide have prompted a growing consensus that economic growth must benefit all socio-economic segments of the population. Putting an end to inequality hinges...