Original Research
A conceptual framework for inclusive economics
Submitted: 04 December 2018 | Published: 29 November 2019
About the author(s)
Arno van Niekerk, Department of Economics and Finance, Faculty of Economics and Management Sciences, University of the Free State, Bloemfontein, South AfricaAbstract
Background: In view of growing concerns about global inequality and economic exclusion within and between countries, the theme of ‘inclusive economics’ or ‘economic inclusivity’ is gaining significance.
Aim: In discovering a more in-depth understanding of inclusive economics, the article develops a conceptual framework to better understand both the interpretation and application of inclusive economics.
Setting: As an ideal setting, the post-global financial crisis period provides fertile ground to explore alternative economic theories and systems such as inclusive economics.
Methods: A variety of terms and theories are associated with inclusive economics, hence a conceptual and theoretical analysis, in a descriptive context, is used to clarify the theoretical demarcation of this concept.
Results: Since the concept does pose a challenge to conventional economic frameworks, a key result is that it may become a valuable addition to the range of economic thinking and proposals in solving much-needed 21st century economic challenges.
Conclusion: The article contributes towards developing a new paradigm for genuine economic progress – in theory and practice.
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Crossref Citations
1. Inclusive Economic Sustainability: SDGs and Global Inequality
Arno van Niekerk
Sustainability vol: 12 issue: 13 first page: 5427 year: 2020
doi: 10.3390/su12135427