The Concept of Inclusive Growth and its Policy Relevance for Asia and the Pacific
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The Concept of Inclusive Growth and its Policy Relevance for Asia and the Pacific

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IFPRI Policy Seminar "The Concept of Inclusive Growth and its Policy Relevance for Asia and the Pacific" by Ursula Schaefer-Pruess, Vice-President of the Asian Development Bank (ADB) for Knowledge ...

IFPRI Policy Seminar "The Concept of Inclusive Growth and its Policy Relevance for Asia and the Pacific" by Ursula Schaefer-Pruess, Vice-President of the Asian Development Bank (ADB) for Knowledge Management and Sustainable Development. Held on 28 September 2010

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The Concept of Inclusive Growth and its Policy Relevance for Asia and the Pacific The Concept of Inclusive Growth and its Policy Relevance for Asia and the Pacific Presentation Transcript

  • The Concept of Inclusive Growth and its Policy Relevancefor Asia and the Pacific
    Ursula Schaefer-Preuss
    Vice President, Knowledge Management
    and Sustainable Development
    Asian Development Bank
    International Food Policy Research Institute
    28 September 2010
    Washington, DC
  • Outline
    • Why more and more countries are embracing inclusive growth
    • What is inclusive growth
    • What does inclusive growth imply for policy making
    • Inclusive growth and the MDGs
    • How ADB supports inclusive growth and MDGs in Asia and the Pacific
    2
  • Figure 1
    Note: Pacific includes Papua New Guinea and Timor-Leste only.
    Source: Calculated from World Bank’s PovcalNet database and World Development Indicators database.
    3
  • Figure 2
    Note: Pacific includes Papua New Guinea and Timor-Leste only.
    Source: Calculated from World Bank’s PovcalNet database and World Development Indicators database.
    4
  • Figure 3
    5
    Source: World Development Indicators database.
  • Figure 4
    6
    Source: World Energy Outlook – Electricity Access database.
  • Figure 5
    7
    Source: ADB/ESCAP/UNDP 2010 Regional MDG Report.
  • Figure 6
    Source: Key Indicators 2007 – Inequality in Asia.
    8
  • Figure 7
    Inclusive growth
    Social inclusion to ensure equal access to economic opportunity
    • Investing in education, health, and other social services to expand human capacity, especially of the disadvantaged
    • Eliminating market and institutional failures and social exclusion to level the playing field
    Social safety nets to mitigate the effects of transitory livelihood shocks and to prevent extreme poverty
    High, sustained, and efficient growth to create productive jobs and economic opportunity
    Goodgovernance and institutions
    9
  • Highlights of 2010 Asia-Pacific MDG Report
    Progress on MDGs is mixed:
    Region likely to achieve targets on poverty, primary enrolment, gender parity in education, access to safe drinking water, and reversing spread of TB and HIV
    Region lagging in primary school completion, child and maternal health, basic sanitation, forest cover, and CO2emissions
    Priority areas of focus identified:
    Hunger and food security
    Health and other basic services
    Basic infrastructure
    10
  • Highlights of 2010 Asia-Pacific MDG Report
    Seven drivers necessary to accelerate MDG achievement:
    Strengthening growth by stimulating domestic demand and intra-regional trade
    Making growth more inclusive and sustainable
    Strengthening social protection
    Reducing gender gaps
    Ensuring financial inclusion
    Supporting least developed and structurally disadvantaged countries
    Exploiting potential of regional economic integration
    11