Transforming Economies for Jobs and Inclusive Growth
Akio Hosono
Abstract
Open-access reader
Akio Hosono
Abstract
Open-access reader
Although “inclusive development” is a relatively new term, the concept has deep roots. In one of its first appearances as a concept, Kuznets discussed links between economic growth and income inequality (Kuznets in Am Econ Rev 45 (1):1–28, 1955). This chapter discusses strategies for jobs and inclusive growth in countries where extreme poverty is high, with a focus on sub-Saharan Africa. It begins by exploring why the need for inclusive growth is so great on the continent. It reviews the analytical drivers of the need for inclusive development. It also provides lessons from Asia and case studies of how development cooperation has contributed to inclusive growth.
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Although “inclusive development” is a relatively new term, the concept has deep roots. In one of its first appearances as a concept, Kuznets discussed links between economic growth and income inequality (Kuznets in Am Econ Rev 45 (1):1–28, 1955). This chapter discusses strategies for jobs and inclusive growth in countries where extreme poverty is high, with a focus on sub-Saharan Africa. It begins by exploring why the need for inclusive growth is so great on the continent. It reviews the analytical drivers of the need for inclusive development. It also provides lessons from Asia and case studies of how development cooperation has contributed to inclusive growth.
Key concepts: Inclusive growth, Inclusive development, Poverty, Inequality, Development economics, Economics, Economic growth, Political science