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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,



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.


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JONATHAN Reckford. Four Pillars and a Roof. Building cohesive plans for making adequate housing universal. [viewed Apr. 29, 2019]. Available from:  https://www.oecd-forum.org/channels/791-inclusive-growth/posts/48404-four-pillars-and-a-roof-building-cohesive-plans-for-making-adequate-housing-universal

KRYSOVATYY, A., Zvarych, I., & Zvarych, R., 2018. Сircular economy in the context of alterglobalization. Journal of International Studies, 11(4), 185-200. doi:10.14254/2071-8330.2018/11-4/13

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