المستخلص: |
Sustainable economic growth requires inclusive growth. Growth is necessary, but it will be unsustainable in the long run unless it is both socially inclusive and environmentally sound. Inclusive green growth requires tackling political economy constraints, overcoming deeply entrenched behaviors and social norms, and developing innovative financing instruments to change incentives and promote innovation and thus address the market, policy, and institutional failures that lead to the overuse of natural assets. The literature on the subject draws fine distinction between direct income redistribution or shared growth and inclusive growth. Inclusive growth is, therefore, supposed to be inherently sustainable as distinct from income distribution schemes which can in the short run reduce the disparities, between the poorest and the rest, which may have arisen on account of policies intended to jump start growth. While income distribution schemes can allow people, to benefit from economic growth in the short run, inclusive growth allows people to contribute to and benefit from economic growth. Economic and social sustainability, on the one hand, and social and environmental sustainability, on the other, have been found to be not only compatible, but also largely complementary. Growth has come largely at the expense of the environment which is why green growth aims to ensure that economic and environmental sustainability are compatible. This paper attempts to introduce the importance of inclusive economic growth with a direct focus on the implications it has on the environment. With the focus on Inclusive Green Growth and sustainability in general and applying it to the Egyptian case. Introducing a number of measures to be administered by governments to be able to ensure a more equitable sustainable future.
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