Inclusive growth

Nonetheless, an emphasis on inclusiveness—especially on equality of opportunity in terms of access to markets, resources, and an unbiased regulatory environment—is an essential ingredient of successful growth.

The inclusive growth approach takes a longer-term perspective, as the focus is on productive employment as a means of increasing the incomes of poor and excluded groups and raising their standards of living.

[8] On the one hand, there is a lack of a comprehensive and worldly recognised set of standards to systematically measure the inclusiveness of growth, which makes data collection and policy evaluation difficult.

[9] Both the intangibility and long term perspective make it less desirable than other more conspicuous economic targets for policymakers.

[10] On the other hand, as pointed out by some detractor, many negative externalities of growth are fundamentally at odds with the target of inclusiveness,[11] which further makes the situation complex.