IMF Working Papers

Is There a One-Size-Fits-All Approach to Inclusive Growth? A Case Study Analysis

By Sriram Balasubramanian, Lahcen Bounader, . Jana Bricco, Dmitry Vasilyev

April 29, 2021

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Sriram Balasubramanian, Lahcen Bounader, . Jana Bricco, and Dmitry Vasilyev. Is There a One-Size-Fits-All Approach to Inclusive Growth? A Case Study Analysis, (USA: International Monetary Fund, 2021) accessed November 15, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

Is there a one-size-fits-all approach to inclusive growth? We look at four key case studies across advanced and emerging markets—the Nordics, India, Brazil, and Egypt—to try to answer this question. We highlight qualitatively in these countries the key components of inclusive growth models, outcomes from these models, and the road ahead in the respective countries. Some of the analysis focuses on co-operative labor markets in the Nordics, direct benefit transfers in India, the role of social assistance and commodity boom in Brazil, and the inequality puzzle in Egypt. The paper finds that there is a lack of homogeneity among the approaches by these countries and identifies the need for customized solutions to inclusive growth. A one-size-fits-all approach doesn’t seem to work. The more customized the inclusive growth model, the better the overall outcome.

Publication Details

  • Pages:

    39

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

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  • Series:

    Working Paper No. 2021/111

  • Stock No:

    WPIEA2021111

  • ISBN:

    9781513582368

  • ISSN:

    1018-5941