المستخلص: |
Egypt like many countries, has attained tangible economic growth (an average of 4.7% during the period 200/01 and 2010/11), but lacked sustainability and social equity.Spill over and trickling down effect, often referred to as effective instrument for restructuring social balance did not materialize in practice, with countries - though growing- suffering from high levels of unemployment and poverty rates. This fact has shifted the distributional aspects and inclusion issues from being secondary factors to a priority by most economies. However, countries have to overcome many challenges to achieve inclusive growth calling for government policy interventions as an enabler, investor -in certain areas- and as a regulator.. .etc. Accordingly, the present study displays inclusive growth theoretical background and its historical evolution, pinpointing the main features of such growth. It then explores the three main pillars to achieve inclusive growth, namely (i) creating and expanding opportunities; (ii) ensuring equal access to these economic opportunities and (iii) social protection to reduce vulnerability, with special focus on challenges facing such pillars and finally the third section highlights the Egyptian case concluding with some policy recommendations. The study’s question is what are the main prerequisites and requirements in order for an economy to adopt and ensure inclusive growth? And how could this be applied to the Egyptian case?
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