BUSINESS INFORM №8-2018

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Section: Labour economics and social policy
UDC 364.22
Tiutiunnykova S. V., Pyvovarova K. L.
The Inclusive Development of the Economy as a Factor of Overcoming Poverty (p. 105 - 111)
The article is aimed at studying the theoretical and methodological foundations of inclusive development as a means of overcoming unnecessary inequality and countering poverty. The issues of inclusive development of the economy are being actively discussed all over the world. The slowdown in economic growth is not limited to a number of developing countries, but also to developed ones. This, in turn, stimulates changes in social and economic policy instruments. This number includes the search for a new model of social and economic development, which will be able to answer the current challenges facing the world society. The authors prove that a model of economic growth based on neoliberal principles leads to a sharp polarization of society on the poor and the rich, and refute the claim that economic growth automatically leads to a reduction in inequality. It is substantiated that inclusive development is the key to the humane development of society and the most important factor in overcoming poverty. The index of inclusive development is considered as an adequate alternative to GDP and index of human development. The general conditions of creation of inclusive institutions are suggested.
Keywords: poverty, inequality, social exclusion, inclusive institutions.
Bibl.: 17.

Tiutiunnykova Svitlana V. – Doctor of Sciences (Economics), Professor, Professor, Department of Economic Theory and Economic Management Methods, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]
Pyvovarova Krystyna L. – Student, Faculty of Economics, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)

Article is written in Ukrainian
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Reference to this article:
Tiutiunnykova, Svitlana V., and Pyvovarova, Krystyna L. (2018) “The Inclusive Development of the Economy as a Factor of Overcoming Poverty.” Business Inform 8:105–111.

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