Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/173197 
Year of Publication: 
2018
Series/Report no.: 
Economics Discussion Papers No. 2018-7
Publisher: 
Kiel Institute for the World Economy (IfW), Kiel
Abstract: 
The authors propose a policy compact to achieve more inclusive growth in G20 countries so that economic growth regains the ultimate sense of improving all people's lives. Guiding principles are: 1) prosperity is not just about income but about all relevant outcomes of well-being and capabilities to overcome the initial social disadvantage; 2) it is also about including people in participatory decision-making to enhance their dignity and control over their lives; 3) excluding people from reaping the benefits of growth will thwart social cohesion and well-being; 4) integrated policy approaches are needed to achieve inclusive growth, across policy domains and between national and global actions, including responsible management of migratory movements. Concrete policy actions are described that span education, labor, fiscal instruments, public and private governance.
Subjects: 
inclusive growth
social cohesion
inequalities
well-being
JEL: 
D63
O40
E60
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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