The Concept of Inclusive Economy as a Component of Sustainable Development
Andriy Krysovatyy
West Ukrainian National University, Ternopil (Ukraine)
https://orcid.org/0000-0002-5850-8224
Olena Ptashchenko
West Ukrainian National University, Ternopil (Ukraine)
https://orcid.org/0000-0002-2413-7648
Oleksii Kurtsev
Simon Kuznets Kharkiv National University of Economics, Kharkiv (Ukraine)
https://orcid.org/0000-0002-4951-3718
Arutyunyan Ovagim
Simon Kuznets Kharkiv National University of Economic, Kharkiv (Ukraine)
https://orcid.org/0009-0002-8745-3768
Abstract
This research is based on the current issue of the lack of inclusivity in the economy as a hindrance to sustainable development. Governments, organizations, and individuals are considering the issues of inclusive economy on a practical level in the form of programs, strategies, or regulatory documents. The study and consideration of socio-economic processes were conducted through the analysis of scientific activity and its results, providing insights into current interests, problems, and needs of society in conditions of sustainable development. The methodological basis of the research includes general philosophical and general scientific methods. The purpose of this study is cognitive modeling of the concept of inclusive economy as a component of sustainable development. The authors argue and justify that inclusive economy is a crucial component of sustainable development. To achieve the goal of the study, the authors identified four key blocks on which the concept of inclusive economy is built in the context of sustainable development: terminological (defining key terms), fundamental (establishing underlying principles), substantive (identifying specific elements), and applied (practical applications). The concept of an inclusive economy is based on the principle of providing all members of society with free and equal access to resources and results of economic activity, which is essential for achieving sustainable development goals. The paper presents data from the index of inclusive development, which assesses the performance of developing countries in achieving inclusive growth and development. The index takes into account environmental and social issues, which underscores the need for developing an inclusive economy as a crucial component of sustainable development. The proposed concept of an inclusive economy as a component of sustainable development will ensure the appropriate level of inclusive economic growth and development by promoting equity, social inclusion, and environmental sustainability.
Keywords:
global economy, social impact, poverty alleviation, inclusiveness, social capitalReferences
ALISJAHBANA A. S., 2023, Driving Sustainable and Inclusive Growth for Everyone. SDG KNOWLEDGE HUB, A project by IISD, https://sdg.iisd.org/commentary/guest-articles/driving-sustainable-and-inclusive-growth-for-everyone/
Google Scholar
ARNO J. VAN NIEKERK, 2020, Inclusive Economic Sustainability: SDGs and Global Inequality, Sustainability, 12(13): 5427, https://doi.org/10.3390/su12135427.
DOI: https://doi.org/10.3390/su12135427
Google Scholar
BENNER C., PASTOR M., 2018, Inclusive Economy Indicators. The Rockefeller Foundation, https://www.rockefellerfoundation.org/wp-content/uploads/Inclusive-Economies-Indicators-Exec-Summary.pdf.
Google Scholar
BOICHENKO E., MARTYNOVYCH N., SHEVCHENKO I., 2021, Cognitive Modeling Concepts of Sustainable De-velopment of Society, Problemy Ekorozwoju/ Problems of sustainable development, 16(2): 158-165, https://doi.org/10.35784/pe.2021.2.16.
DOI: https://doi.org/10.35784/pe.2021.2.16
Google Scholar
BRAND-CORREA L., BROOK A., BÜCHS M., MEIER P., NAIK Y., W O’NEILL D., 2022, Economics for people and planet—moving beyond the neoclassical paradigm, The Lancet Planetary Health, 6(4): 371-379, https://doi.org/10.1016/S2542-5196(22)00063-8.
DOI: https://doi.org/10.1016/S2542-5196(22)00063-8
Google Scholar
BURIAK YE. V., REDKO K. YU., CHORNOVOL A. O., ORLENKO O. V., 2022, Sotsialno-ekonomichni aspekty staloho rozvytku Ukrainy v umovakh viiny (ievrointehratsiini aspekty). [Socio-economic aspects of sustainable develop-ment of Ukraine in the conditions of war (European integration aspects)]. Naukovi zapysky Lvivskoho universytetu biznesu ta prava. Seriia ekonomichna. Seriia yurydychna, 34, https://zenodo.org/record/7221052#.ZCNCF3ZByM8 [in Ukrainian]
Google Scholar
BUTLER B., 2019, What is an inclusive economy and why is it important? Access Ventures, https://accessventures.org/ blog/what-is-an-inclusive-economy/.
Google Scholar
CHIN CHENG C. F., YUAN Q., HUA C., XU Y., CANTORE N., WANG K., 2023, Global Inclusive and Sustainable Competitive Industrial Performance (ISCIP): An efficiency based spatio-temporal analysis for 139 countries, Applied En-ergy, 333, https://doi.org/10.1016/j.apenergy.2022.120603.
DOI: https://doi.org/10.1016/j.apenergy.2022.120603
Google Scholar
CICHOWICZ E., ROLLNIK-SADOWSKA E., 2018, Inclusive Growth in CEE Countries as a Determinant of Sustaina-ble Development, Sustainability, 10(11): 3973, https://doi.org/10.3390/su10113973.
DOI: https://doi.org/10.3390/su10113973
Google Scholar
CRAIG N., MCCARTNEY G., MCGREGOR P., ROY G., SARICA S., SCOBIE G., KATIKIREDDI S., SHIPTON D., 2021, Knowing the goal: an inclusive economy that can address the public health challenges of our time, BMJ Journals, 75: 1129-1132, https://jech.bmj.com/content/jech/75/11/1129.full.pdf.
DOI: https://doi.org/10.1136/jech-2020-216070
Google Scholar
DASGUPTA P., MANAGI S., KUMAR P., 2021, The inclusive wealth index and sustainable development goals, Sus-tainability Science, https://doi.org/10.1007/s11625-021-00915-0.
DOI: https://doi.org/10.1007/s11625-021-00915-0
Google Scholar
EC, EUROPE 2020: A strategy for smart, sustainable and inclusive growth, http://ec.europa.eu/europe2020/index_en.htm
Google Scholar
GANUSHCHAK-YEFIMENKO L., NIFATOVA O., FASTOVETS N., PLYSENKO H., LUTAY L., TKACHUK V., SHCHERBAK V., PTASHCHENKO O., 2020, Use of key indicators to monitor sustainable development of rural areas. Global journal of environmental science and management-GJESM, 6(2): 175-190.
Google Scholar
INSHAKOVA A. O., INSHAKOVA E. I., 2022, New Technology for Inclusive and Sustainable Growth. Technological Support, Standards and Commercial Turnover, Smart Innovation, Systems and Technologies, 288, https://link.springer. com/book/10.1007/978-981-16-9808-8.
DOI: https://doi.org/10.1007/978-981-16-9808-8
Google Scholar
KANTAR, 2022, The Inclusion Index, https://www.kantar.com/campaigns/inclusion-index.
Google Scholar
KURZ R., 2019, Post-growth perspectives: Sustainable development based on efficiency and on sufficiency, Public Sector Economics, 43(4): 401-422, https://doi.org/10.3326/pse.43.4.4.
DOI: https://doi.org/10.3326/pse.43.4.4
Google Scholar
LIANG D., DE JONG M., SCHRAVEN D. F. J., WANG L., 2021, Mapping key features and dimensions of the inclu-sive city: A systematic bibliometric analysis and literature study, International Journal of Sustainable Development and World Ecology, 29(1): 60-79, https://doi.org/10.1080/13504509.2021.1911873.
DOI: https://doi.org/10.1080/13504509.2021.1911873
Google Scholar
MANAGI S., 2019, Wealth, inclusive growth and sustainability, Taylor and Francis Group, https://doi.org/ 10.4324/9780429400636.
DOI: https://doi.org/10.4324/9780429400636
Google Scholar
MILÁN GARCÍA J., URIBE-TORIL J., RUIZ REAL J. L., DE PABLO J., 2019, Sustainable Local Development: An Overview of the State of Knowledge. Resources, 8(1): 31, https://www.researchgate.net/publication/330891595_Sustainable_Local_Development_An_Overview_of_the_State_of_Knowledge.
DOI: https://doi.org/10.3390/resources8010031
Google Scholar
NAKICENOVIC N., MESSNER D., ZIMM C., CLARKE G., ROCKSTRÖM J., AGUIAR A. P., BOZA-KISS B., CAMPAGNOLO L., CHABAY I., COLLSTE D., COMOLLI L., GOMEZ-ECHEVERRI L., GOUJON A., GRUBLER A., JUNG R., KAMEI M., KAMIYA G., KRIEGLER E., KUHN M., LEININGER J., MARTIN-SHIELDS C., MAYOR-RODRIGUEZ B., MILLER J., MIOLA A., RIAHI K., SCHEWENIUS M., SCHMIDT J., SKIERKA K., SE-LOMANE O., SVEDIN U., YILLIA P., 2019, The Digital Revolution and Sustainable Development: Opportunities and Challenges. The World in 2050 initiative, https://www.idos-research.de/uploads/media/TWI2050-for-web.pdf.
Google Scholar
NOGUEIRA C., FILIPE MARQUES J., PINTO H., 2023, Civil economy as a path towards sustainability: An empirical investigation, Journal of Cleaner Production, 383, https://doi.org/10.1016/j.jclepro.2022.135486.
DOI: https://doi.org/10.1016/j.jclepro.2022.135486
Google Scholar
PAWŁOWSKI A., 2021, Sustainable development and renewable sources of energy Advances in Environmental Engi-neering Research in Poland, 3-16
DOI: https://doi.org/10.1201/9781003171669-1
Google Scholar
POPESCU I.-S., HITAJ C., BENETTO E., 2021, Measuring the sustainability of investment funds: A critical review of methods and frameworks in sustainable finance, Journal of Cleaner Production, 314(10), https://doi.org/10.1016/j.jclepro.2021.128016.
DOI: https://doi.org/10.1016/j.jclepro.2021.128016
Google Scholar
SÉNIT C.-A., OKEREKE C., ALCÁZAR L., BANIK D., LIMA M. B., BIERMANN F., FAMBASAYI R., HATHIE I., KRONSELL A., & LEONARDSSON H., 2022, Inclusiveness. The Political Impact of the Sustainable Development Goals Transforming Governance Through Global Goals? Cambridge University Press, New York: 116-139, https://doi.org/10.1017/9781009082945.006.
DOI: https://doi.org/10.1017/9781009082945.006
Google Scholar
SHKURENKO O., 2021, Integration of Sustainable Development and Business Development as a Dominant Basis of the Circular Economy Model: Theoretical Aspect, The Journal of V. N. Karazin Kharkiv National University. Series: Interna-tional Relations. Economics. Country Studies. Tourism, 13: 152-165, https://doi.org/10.26565/2310-9513-2021-13-16.
DOI: https://doi.org/10.26565/2310-9513-2021-13-16
Google Scholar
SIANES A., VEGA-MUÑOZ A., TIRADO-VALENCIA P., ARIZA-MONTES A., 2022, Impact of the Sustainable Development Goals on the academic research agenda. A scientometric analysis, PLOS ONE, https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0265409.
DOI: https://doi.org/10.1371/journal.pone.0265409
Google Scholar
UNIIAT A. V., YUZVIN Z. I., 2019, Kontseptsiia inkliuzyvnoi ekonomiky v konteksti suchasnoho staloho rozvytku krain. [The concept of inclusive economy in the context of modern sustainable development of countries], Efektyvna ekonomika, 2, http://www.economy.nayka.com.ua/pdf/2_2019/57.pdf [in Ukrainian].
Google Scholar
Authors
Andriy KrysovatyyWest Ukrainian National University, Ternopil Ukraine
https://orcid.org/0000-0002-5850-8224
Authors
Olena PtashchenkoWest Ukrainian National University, Ternopil Ukraine
https://orcid.org/0000-0002-2413-7648
Authors
Oleksii KurtsevSimon Kuznets Kharkiv National University of Economics, Kharkiv Ukraine
https://orcid.org/0000-0002-4951-3718
Authors
Arutyunyan OvagimSimon Kuznets Kharkiv National University of Economic, Kharkiv Ukraine
https://orcid.org/0009-0002-8745-3768
Statistics
Abstract views: 456PDF downloads: 573