Descriptive Characteristics of Inclusive Growth as an Innovative Vector of the Socio-Economic Development

• Published in: Problemi ekonomìki Vol. 4; pp. 8 - 14
• Main Author: Yermak Svitlana O.
• Format: Journal Article
• Language: English
• Published: PH "INZHEK" 01.12.2017
• Subjects: descriptive characteristics; inclusive development index (IDI); inclusive growth; inclusiveness; socio-economic development
• ISSN: 2222-0712

The article examines the experience of recent years, which indicates an increase in the unevenness of incomes and social inequalities in the process of development of scientific and technological progress, modernization of the economy and economic growth. That is, there arises not only the problem of sustainability of economic growth, but its inclusiveness as well. The differences between the extractive and inclusive models of the economy are given, the very concept “inclusiveness” is considered as the involving of all strata of the population, without any distinctions and limitations, in the process. There studied the concept of inclusive growth creating maximum opportunities for all strata of the population to find employment and participate in all spheres of the country’s life and ensuring an equitable distribution of labor income. The basic components and characteristics inherent in inclusive growth as a basis of social and economic development are formed. The Inclusive Development Index (IDI) and the place of Ukraine in terms of IDI and GDP per capita among developing countries in 2017 are analyzed.