How to Achieve Inclusive Growth

Reviews / Votes

THE go-to book to translate the goal of inclusive growth into specific policy actions. Impressive array of authors, and a long list of practical ideas. * Olivier Blanchard, Senior Fellow at Peterson Institute for International Economics and former Chief Economist of the IMF * Inclusive, broadly-shared, growth has been an aspiration for many policymakers and commentators, but also turned out to be rather elusive in the age of globalization, automation, and mega corporations. This collection of essays by leading academics and practitioners explains why and provides guidelines for how we can tackle labor market, technology, financial market, and international challenges to make growth more inclusive. Anybody who wants to tackle the problem of inequality and poverty today will find this collection to be an invaluable guide. * Daron Acemoglu, MIT Institute Professor and John Bates Clark Medalist * Rising inequality is widely lamented, but lucid plans for addressing it are scarce. This volume offers an intellectual framework and policy agenda for achieving inclusive growth--and a ton of rigorous research and concrete examples, crafted by the leading scholars of our day, demonstrating the viability of that agenda. Policymakers and practitioners worldwide will find tremendous value in these pages. * David Autor, Ford Professor of Economics at MIT and Co-Director of MIT School Effectiveness and Inequality Initiative * Global trade, growth and technological progress have lifted billions of people out poverty over the past several decades. However, especially over the past two decades, growth has not always been a force for economic convergence, both within countries, and even more so across countries where by far the biggest gaps lie. How to Achieve Inclusive Growth brings together an impressive body of academic research both on best practices and on unsolved challenges. The book takes an admirably global perspective on a problem where altogether too many studies view inequality as mainly a national issue, as if other citizens of the world did not matter. There are no easy answers, but as this book demonstrates, the starting point has to be in asking the right questions. * Kenneth Rogoff, Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University and former Chief Economist of the IMF * This edited volume by the IMF and academic experts provides a foundation to define and achieve inclusive growth, that is growth widely shared and sustainable. A clear marker that the IMF thinks deeply beyond narrow economic growth and a reference for a better future. * Emmanual Saez, Chancellor's Professorship of Tax Policy and Public Finance and Director of the Center for Equitable Growth at UC Berkeley * As the world faces multiple crises, this volume is a timely necessity for scholars and policymakers. We can only hope that they will heed its lessons. Climate change, COVID-19, technological change, financial instability, and globalization (among other disruptive developments) have all raised the need for multilateral governmental action on global public goods. At the same time, failures of policy response have sapped the domestic political cohesion that allows countries to work together. With an all-star cast of authors and a breathtaking scope across policy areas, this book outlines a path to the inclusive growth that is a prerequisite for solving the century's existential challenges. * Maurice Obstfeld, Class of 1958 Professor of Economics at UC Berkeley and former Chief Economist of the IMF * Rising inequality is the defining challenge of our time. This volume brings together renowned experts to present a wide range of potential remedies, reconciling growth with a more sustainable distribution of economic resources. * Gabriel Zucman, Associate Professor of Economics and Director of the Stone Center on Wealth and Income Inequality at UC Berkeley *