It is argued that the strategy of inclusive growth is intended to meet the objectives of inclusiveness and sustainability together. Comment on this statement. (250 words)
Inclusive growth is a development strategy that aims to create economic growth that benefits all members of society, including the poorest and most vulnerable. The concept of inclusive growth recognizes that economic growth alone is not sufficient for development, and it must be accompanied by policies that promote equity, social inclusion, and environmental sustainability. Here’s how the strategy of inclusive growth is intended to meet the objectives of inclusiveness and sustainability together:
- Inclusiveness: The primary objective of inclusive growth is to promote inclusiveness by ensuring that the benefits of economic growth are shared by all members of society, including the poorest and most vulnerable. The following measures are taken to achieve inclusiveness:
- Creating job opportunities: Inclusive growth policies aim to create employment opportunities for all segments of society, including women, youth, and marginalized communities.
- Ensuring access to basic services: Inclusive growth policies aim to ensure access to basic services such as education, healthcare, and housing for all members of society.
- Addressing income inequality: Inclusive growth policies aim to address income inequality by promoting equitable distribution of resources.
- Sustainability: Inclusive growth policies also aim to promote sustainability by ensuring that economic growth is environmentally sustainable and does not harm future generations. The following measures are taken to achieve sustainability:
- Promoting renewable energy: Inclusive growth policies promote the use of renewable energy sources such as solar and wind power, which are environmentally sustainable.
- Reducing carbon emissions: Inclusive growth policies aim to reduce carbon emissions by promoting sustainable transport, energy-efficient buildings, and low-carbon industries.
- Protecting natural resources: Inclusive growth policies aim to protect natural resources such as forests and water bodies by promoting sustainable agriculture and responsible mining practices.
In conclusion, the strategy of inclusive growth is intended to meet the objectives of inclusiveness and sustainability together. Inclusive growth policies aim to promote inclusiveness by ensuring that the benefits of economic growth are shared by all members of society, while also ensuring that economic growth is environmentally sustainable and does not harm future generations.
