Open AccessINCLUSIVE GROWTH AND DEVELOPMENT PATTERNS OF CENTRAL AND EASTERN EUROPEAN COUNTRIES
Author(s) -
Olga Tsapko-Piddubna
Publication year - 2021
Publication title -
naukovij vìsnik užgorodsʹkogo nacìonalʹnogo unìversitetu. serìâ: mìžnarodnì ekonomìčnì vìdnosini ta svìtove gospodarstvo
Language(s) - English
Resource type - Journals
ISSN - 2413-9971
DOI - 10.32782/2413-9971/2021-36-28
Subject(s) - inclusive growth , czech , slovak , inequality , development economics , inclusion (mineral) , social equality , political science , economic growth , geography , economics , economic geography , economic system , poverty , sociology , social science , mathematical analysis , linguistics , philosophy , mathematics , law
The primary intension behind this study is to analyse and compare the patterns of inclusive growth and development across economies of Central and Eastern Europe based on a performance metric developed by the World Economic Forum. The current state of growth and inequality is analyzed through pillars оf 1) growth and development; 2) inclusion; and 3) intergenerational equity and sustainability. The EU and Norway, the most inclusive country in 2017, were included into the study as a benchmark. The main findings suggest that the Czech and Slovak Republic are the best performing among CEE countries in inclusive growth and development patterns. On the contrary, Ukraine, Moldova, and Russian Federation are the worst. These countries have not transformed their economic growth into social inclusion. In order to improve the inclusiveness of economic growth, it is recommended to promote policies that would increase human economic opportunities and productive employment, and consequently, both equality and economic well-being of CEE economies.