What does inclusive economic growth actually mean in practice?

31 Jul 2015 by By Paloma Durán, Director, Sustainable Development Goals Fund

Coffee cooperative in AfricaA farmer with his family in Chingawaram village, India. Inclusive growth is about ensuring that the benefits of development reach the entire population, including the most vulnerable members. Photo: UNDP India
With the historic Third International Conference on Financing for Development (FfD3) now completed, “inclusive growth” remains a high priority on the agenda. While most stakeholders agree it’s an important and compelling part of the dialogue on development, it still remains rather ambiguous as a term. And seemingly when you ask five economists to define the concept, you will likely end up with six answers. Within the Sustainable Development Goals Fund (SDG Fund), we are keen to understand the various theories pertaining to inclusive growth and how best to put them into practice. We realize that there’s more than one way to achieve this objective, which means there is plenty of room for creativity. … Read more

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