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Inclusive Growth

Concepts and Indicators

Valerie Cerra and Dmitriy Rozhkov

This course introduces participants to the concepts and dimensions of inclusive growth and the broader set of goals that policy makers should be concerned about. It reviews important theories and evidence on which policies can help boost growth, and determines whether growth helps to reduce poverty and whether there is a trade-off between raising growth and reducing inequality. The second half of the course will focus on measuring inclusiveness, starting with the most disadvantaged groups in how to measure poverty and then expanding to other income groups in order to measure inequality. This analysis focuses on monetary indicators of inclusiveness, income, and consumption levels. The course will also consider non-monetary dimensions of welfare, such as health and education levels.

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This course introduces participants to the concepts and dimensions of inclusive growth and the broader set of goals that policy makers should be concerned about. It reviews important theories and evidence on which policies can help boost growth, and determines whether growth helps to reduce poverty and whether there is a trade-off between raising growth and reducing inequality. The second half of the course will focus on measuring inclusiveness, starting with the most disadvantaged groups in how to measure poverty and then expanding to other income groups in order to measure inequality. This analysis focuses on monetary indicators of inclusiveness, income, and consumption levels. The course will also consider non-monetary dimensions of welfare, such as health and education levels.

What you'll learn

  • Define inclusive growth and its many dimensions, distinguishing between outcomes and opportunities.
  • Identify the linkages between growth, poverty and inequality. Discuss the merits and shortcomings of the above measures.
  • Summarize an overall framework of inclusive growth and provide an overall diagnosis for a country to prioritize policy action.
  • Define and calculate indices of poverty and inequality, including growth incidence curves.
  • Identify indicators of inclusiveness that are non-income-based and explain multi–dimensional social welfare measures.
  • Discuss the merits and shortcomings of the above measures.

What's inside

Learning objectives

  • Define inclusive growth and its many dimensions, distinguishing between outcomes and opportunities.
  • Identify the linkages between growth, poverty and inequality. discuss the merits and shortcomings of the above measures.
  • Summarize an overall framework of inclusive growth and provide an overall diagnosis for a country to prioritize policy action.
  • Define and calculate indices of poverty and inequality, including growth incidence curves.
  • Identify indicators of inclusiveness that are non-income-based and explain multi–dimensional social welfare measures.
  • Discuss the merits and shortcomings of the above measures.

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Provides an introduction to inclusive growth and poverty reduction
Suitable for individuals interested in economic development and social policy
Taught by experienced instructors with expertise in economics and development
Covers both theoretical and practical aspects of inclusive growth

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Career center

Learners who complete Inclusive Growth: Concepts and Indicators will develop knowledge and skills that may be useful to these careers:
Social Entrepreneur
Social entrepreneurs develop and implement innovative solutions to social and environmental problems. This course may be useful for social entrepreneurs as it provides a framework for understanding inclusive growth and its measurement. Social entrepreneurs can use this knowledge to develop and evaluate solutions that promote inclusive growth and reduce inequality.
Poverty Reduction Specialist
Poverty reduction specialists develop and implement programs to reduce poverty. This course may be useful for poverty reduction specialists as it provides a framework for understanding inclusive growth and its measurement. Poverty reduction specialists can use this knowledge to develop and evaluate programs that promote inclusive growth and reduce poverty.
Inclusive Finance Specialist
Inclusive finance specialists develop and implement financial products and services that are accessible to low-income and marginalized populations. This course may be useful for inclusive finance specialists as it provides a framework for understanding inclusive growth and its measurement. Inclusive finance specialists can use this knowledge to develop and evaluate financial products and services that promote inclusive growth and reduce inequality.
Impact Investor
Impact investors invest in companies and projects that generate positive social and environmental impact. This course may be useful for impact investors as it provides a framework for understanding inclusive growth and its measurement. Impact investors can use this knowledge to identify and evaluate investments that promote inclusive growth and reduce inequality.
Development Economist
Development economists apply economic principles and theories to address social and economic issues in developing countries. This course may be useful for development economists as it provides insights into the linkages between growth, poverty, and inequality, as well as the measurement of inclusiveness. This knowledge can help development economists design and evaluate policies that promote inclusive growth and poverty reduction.
Sustainability Analyst
Sustainability analysts assess the environmental and social impact of projects and policies. This course may be useful for sustainability analysts as it provides a framework for understanding inclusive growth and its measurement. Sustainability analysts can use this knowledge to assess the impact of projects and policies on inclusive growth and to develop strategies to promote inclusive growth.
Policy Analyst
Policy analysts research, analyze, and interpret data to inform policy decisions. This course may be useful for policy analysts as it provides a framework for understanding inclusive growth and its measurement. Policy analysts can use this knowledge to develop policies that promote inclusive growth and reduce inequality, and to assess the impact of these policies.
Social Policy Analyst
Social policy analysts research, analyze, and interpret social data to inform social policy decisions. This course may be useful for social policy analysts as it provides a framework for understanding inclusive growth and its measurement. Social policy analysts can use this knowledge to develop policies that promote inclusive growth and reduce inequality, and to assess the impact of these policies.
Researcher
Researchers conduct original research to advance knowledge in a particular field. This course may be useful for researchers as it provides a framework for understanding inclusive growth and its measurement. Researchers can use this knowledge to design and conduct research that contributes to the understanding of inclusive growth and its impact on society.
Professor
Professors teach and conduct research at universities and colleges. This course may be useful for professors as it provides a framework for understanding inclusive growth and its measurement. Professors can use this knowledge to develop and teach courses on inclusive growth, and to conduct research that contributes to the understanding of inclusive growth and its impact on society.
Consultant
Consultants provide advice and expertise to businesses, governments, and other organizations. This course may be useful for consultants as it provides a framework for understanding inclusive growth and its measurement. Consultants can use this knowledge to advise their clients on how to develop and implement policies and programs that promote inclusive growth.
Financial Advisor
Financial advisors provide financial advice and services to individuals and families. This course may be useful for financial advisors as it provides a framework for understanding inclusive growth and its measurement. Financial advisors can use this knowledge to provide advice to their clients on how to invest in companies and projects that promote inclusive growth and reduce inequality.
Economist
Economists research, analyze, and interpret economic data to formulate economic policies and theories. This course may be useful for economists as it provides a comprehensive overview of inclusive growth, including its dimensions, theories, and measurement techniques. Understanding these concepts can help economists develop and assess economic policies that promote inclusive growth and reduce inequality.
Business Development Manager
Business development managers develop and implement strategies to grow businesses. This course may be useful for business development managers as it provides a framework for understanding inclusive growth and its measurement. Business development managers can use this knowledge to develop and implement strategies that promote inclusive growth and reduce inequality in their businesses.
Marketing Manager
Marketing managers develop and implement marketing strategies to promote products and services. This course may be useful for marketing managers as it provides a framework for understanding inclusive growth and its measurement. Marketing managers can use this knowledge to develop and implement marketing strategies that promote inclusive growth and reduce inequality in their products and services.

Reading list

We've selected 13 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Inclusive Growth: Concepts and Indicators.
Explores the role of the state in promoting inclusive growth and sustainable development, with a focus on developing countries.
Provides a comprehensive overview of the measurement of poverty and inequality, with a focus on developing countries.
Analyzes the relationship between inequality and economic development, with a particular emphasis on the impact of inequality on economic growth.
Provides a historical perspective on the relationship between health, wealth, and inequality, with a focus on the impact of economic growth on these factors.
Provides a concise history of global inequality, with a focus on the impact of globalization on inequality.
Argues that extreme poverty can be eliminated by providing basic social services and promoting economic growth.
Focuses on the challenges faced by the poorest countries in the world, with a focus on the role of conflict and governance in poverty reduction.
Provides a historical perspective on the relationship between productivity, wealth, and poverty, with a focus on the role of technology in economic growth.
Provides a detailed analysis of the relationship between capital and inequality, with a focus on the long-term trends in inequality.

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