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 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

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