Ivashchuk Iryna
Doctor of Economics, Professor
Director of Bohdan Havrylyshyn Education and Research Institute of International Economic Relations
Ternopil National Economic University
11 Lvivska st., Ternopil, 46020, Ukraine,
Zvarych Iryna
Candidate of Economics, Associate Professor,
Doctoral Student of International Economics Department
Bohdan Havrylyshyn Education and Research Institute of International Economic Relations
Ternopil National Economic University,
11 Lvivska st., Ternopil, 46020, Ukraine,
INCLUSIVE GROWTH’S VECTORS IN FUNCTIONING OF THE GLOBAL INCLUSIVE CIRCULAR ECONOMY
Abstract: “Steps” of inclusive development (lifting from poverty and inclusive growth) are proposed. Concept of “Inclusive growth” according to the information of OECD, International Policy Center for Inclusive Growth, European Commission, International Monetary Fund are analyzed. To achieve these results, they focus on indicators that consist of three main areas: economic growth, social integration and social security networks, backed up by indicators that define the foundations for effective governance and effective institutions. In addition to the factors of inclusive growth, in the process of forming the paradigm of the global inclusive circular economy, one should focus on circular growth. Model of sustainable growth by accelerating structural transformations in five key economic systems (clean energy systems, smart urban development, sustainable land use, water resources management, the circular industrial economy) is developed. Basic pillars of inclusive development are considered. Indicators in the “Beyond GDP” (Better Life Index (BLI), Ecological Footprint, Environmental Pressure Index (EPI), European Environment Agency Core Set of Indicators (EEA CSI), Genuine Progress Indicator (GPI), Gross National Happiness Index (GNHI), Happy Planet Index (HPI), Human Development Index (HDI), Index of Sustainable Economic Welfare (ISEW), Sustainable Development Indicators (SDI) are characterized. In this article Better Life Index (BLI): Housing, Income and Jobs are calculated.
Key words: inclusive growth, global inclusive circular economy, Beyond GDP (Housing, Income and Jobs).
JEL classification: F 01, F 43, I 32, J 23.
Bibliography
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