Summary of The Inclusive Growth and Development Report 2017

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Rating

9

Qualities

  • Analytical
  • Innovative

Recommendation

Global economic growth has declined since 2011 and is continuing to deteriorate in 2016. The answer to the question of how to move economies forward remains elusive yet vital. Part of the problem is a blind reliance on gross domestic product as the focal point for crafting economic policy. This perceptive report from the World Economic Forum presents an approach to understanding the links between economic development and the extent to which the population as a whole shares in that progress. getAbstract recommends this noteworthy study to those interested in an alternative view of how to measure and promote inclusive economic growth.

About the Author

The World Economic Forum is an independent global organization that engages leaders of business, politics, academia and society to improve the state of the world.

 

Summary

In 2016, both advanced and developing countries experienced declining economic growth despite aggressive monetary policies to invigorate activity. Some experts suggest that the global economy is stuck in “secular stagnation – a chronic propensity to grow slowly.” This condition is particularly troubling in an era of rising income inequality within many nations. In OECD countries, widening income gaps are stifling the attempts of those at the bottom of the wage scale to upgrade their skills, which in turn diminishes productivity. Productivity growth drives healthy ...


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