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

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
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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.
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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.
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Figure 3
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Source: World Development Indicators database.

Figure 4
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Source: World Energy Outlook – Electricity Access database.

Figure 5
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Source: ADB/ESCAP/UNDP 2010 Regional MDG Report.

Figure 6
Source: Key Indicators 2007 – Inequality in Asia.
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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
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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
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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
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The Concept of Inclusive Growth and its Policy Relevance for Asia and the Pacific

by International Food Policy Research Institute (IFPRI)

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