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The Common Approaches to Evaluating the Parameters of Inclusive Economic Development: the Egalitarian Sectional View for Ukraine
Vdovichen A. А., Vdovichena O. G.

Vdovichen, Anatolii А., and Vdovichena, Olga G. (2019) “The Common Approaches to Evaluating the Parameters of Inclusive Economic Development: the Egalitarian Sectional View for Ukraine.” Business Inform 2:64–71.
https://doi.org/10.32983/2222-4459-2019-2-64-71

Section: Mechanisms of Regulation of the Economy

UDC 338.1:338.2:330.341

Abstract:
The article is aimed at developing a model of the inclusive-oriented growth of the economy taking into view the basic principles of such growth and researching the place of Ukraine in the overall ranking of countries according to the level of socio-economic and inclusive development through individual indicators. The article substantiates the fundamental necessity of rethinking and changing the existing models of economic growth in order to overcome the growing socio-economic inequalities in the context of global economic instability. The modern conception of inclusive development is defined as such, which forms a new basis for the sustainable growth of modern economic systems, orienting them towards the principles of justice and equality, ecological safety. The priority components of inclusive development are proposed in the form of a model. The indicators of inclusive development for the world economies and Ukraine are researched as well; the rating of individual developing countries is compared according to the inclusive development index and the place of Ukraine in this rating is determined. Prospect of further researches in this direction is monitoring of the key indicators of efficiency and dynamics of the main factors of welfare in Ukraine by means of the information panel with the purpose of elaboration of priority directions of further socio-economic and inclusive-oriented development.

Keywords: inclusive development, inclusive growth, inclusive development index, Gini coefficient.

Fig.: 3. Tabl.: 3. Bibl.: 19.

Vdovichen Anatolii А. – Doctor of Sciences (Economics), Professor, Director, Chernivtsi Institute of Trade and Economics of State University of Trade and Economics (7 Tsentralna Square, Chernivtsi, 58002, Ukraine)
Email: [email protected]
Vdovichena Olga G. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Management, Marketing and International Logistics, Chernivtsi Institute of Trade and Economics of State University of Trade and Economics (7 Tsentralna Square, Chernivtsi, 58002, Ukraine)
Email: [email protected]

List of references in article

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Addison, T., and Nino Zarazua, M. “What is Inclusive Growth?“ Nordic-Baltic MDB meeting. Helsinki, Finland, January 25, 2012. https://www.wider.unu.edu/sites/default/files/Events/PDF/UNU-WIDER%20Presentation%20What%20is%20Inclusive%20Growth.pdf
Ali, I., and Son, H. “Defining and Measuring Inclusive Growth: Application to the Philippines“. ERD Working Paper Series. 2007. https://www.adb.org/sites/default/files/publication/28211/wp098.pdf
Bazyliuk, A. V., and Zhulyn, O. V. “Inkliuzyvne zrostannia yak osnova sotsialno-ekonomichnoho rozvytku“ [Inclusive growth as a basis for socio-economic development]. Ekonomika ta upravlinnia na transporti, no. 1 (2015): 5-12.
Vdovichen, A. A. Makroekonomichni dysproportsii ekonomiky Ukrainy: sutnist ta osoblyvosti formuvannia [Macroeconomic imbalances in the Ukrainian economy: the essence and peculiarities of formation]. Kyiv, 2017.
Yermak, S. O. “Deskryptyvni kharakterystyky inkliuzyvnoho zrostannia yak innovatsiinoho vektora sotsialno-ekonomichnoho rozvytku krainy“ [Descriptive features of inclusive growth as an innovative vector of socio-economic development of the country]. Problemy ekonomiky, no. 1 (2017): 8-14.
Zatonatska, T. H. “Finansove zabezpechennia inkliuzyvnoho zrostannia ta podolannia bidnosti v Ukraini: isnuiucha praktyka ta perspektyvy“ [Financial support for inclusive growth and poverty reduction in Ukraine: existing practice and perspectives]. Teoretychni ta prykladni pytannia ekonomiky, vol. 2, no. 1 (2014): 102-112.
Beddoes, Z. M. “For richer, for poor“. Economist. October 13.2012. https://www.economist.com/special-report/2012/10/13/for-richer-for-poorer
“The Growth Report: Strategies for Sustained Growth and Inclusive Development. 2008“. https://openknowledge.worldbank.org/handle/10986/6507
Leftwich, A. “Developmental States, Effective States and Poverty Reduction: The Primacy of Politics (Draft)“. UNRISD Project on Poverty Reduction and Policy Regimes. 2009. http://www.unrisd.org/80256B3C005BCCF9/search/EE2D4DF653F6077BC1257A5D004C7E5E
“The Global Competitiveness Report 2017 - 2018“. https://www.weforum.org/reports/the-global-competitiveness-report-2017-2018
“Global Wealth Report 2018. Credit Suisse AG Research Institute“. https://www.credit-suisse.com/corporate/en/research/research-institute/global-wealth-report.html
“The Inclusive Growth and Development Report 2018. World Economic Forum. (Geneva, 2017)“. https://www.weforum.org/reports/the-inclusive-development-index-2018
Prohnimak, O. D. “Inkliuzyvnyi rozvytok Ukrainy: Pereshkody VS perspektyvy“ [Inclusive development of Ukraine: obstacles to VS perspectives]. Ekonomichnyi visnyk Donbasu, no. 1 (2018): 187-197.
Fedulova, L. I. “Inkliuzyvni innovatsii v systemi sotsialno-ekonomichnoho rozvytku“ [Inclusive innovations in the system of social and economic development]. Ekonomika: realii chasu, no. 3 (2016): 56-65.
Harrod, R. F. “An Essay in Dynamic Theory“. The Economic Journal, vol. 49, no. 193 (1939): 14-33.
“R. Khausmann: ekonomika nuzhdaetsya v inklyuzivnom roste“ [R. Hausmann: the economy needs inclusive growth]. https://finance.rambler.ru/economics/27815581-hausmann-ekonomika-nuzhdaetsya-v-inklyuzivnom-roste/
Gini, C. “Measurement of Inequality of Incomes“. The Economic Journal, vol. 31, no. 121 (1921): 124-126.

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