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The Inclusive Economy: How to Bring Wealth to America’s Poor energetically challenges the conventional wisdom of both the right and the left that underlies much of the contemporary debate over poverty and welfare policy. Author and national public policy expert Michael Tanner takes to task conservative critiques of a “culture of poverty” for their failure to account for the structural circumstances in which the poor live. In addition, he criticizes liberal calls for fighting poverty primarily through greater redistribution of wealth and new government programs. Rather than engaging in yet another debate over which government programs should be increased or decreased by billions of dollars, Tanner calls for an end to policies that have continued to push people into poverty. Combining social justice with limited government, his plan includes reforming the criminal justice system and curtailing the War on Drugs, bringing down the cost of housing, reforming education to give more control and choice to parents, and making it easier to bank, save, borrow, and invest. The comprehensive evidence provided in The Inclusive Economy is overwhelming: economic growth lifts more people out of poverty than any achievable amount of redistribution does. As Tanner notes, “we need a new debate, one that moves beyond our current approach to fighting poverty to focus on what works rather than on noble sentiments or good intentions.” The Inclusive Economy is a major step forward in that debate.
The book outlines a journey from enabling models of government and business to strategies for creating both financial and social inclusion and entrepreneurism as mechanisms for sustainable and inclusive growth.
Challenges head-on the two biggest issues facing humanity and the planet today: Inequality and Environmental Degradation, and provides cases and tools for new design thinking which respects both people and planet.
This book explores the racial rules that are often hidden but perpetuate vast racial inequities in the United States.
Inequality has drastically increased in many countries around the globe over the past three decades. The widening gap between the very rich and everyone else is often portrayed as an unexpected outcome or as the tradeoff we must accept to achieve economic growth. In this book, three International Monetary Fund economists show that this increase in inequality has in fact been a political choice—and explain what policies we should choose instead to achieve a more inclusive economy. Jonathan D. Ostry, Prakash Loungani, and Andrew Berg demonstrate that the extent of inequality depends on the policies governments choose—such as whether to let capital move unhindered across national boundaries, how much austerity to impose, and how much to deregulate markets. While these policies do often confer growth benefits, they have also been responsible for much of the increase in inequality. The book also shows that inequality leads to weaker economic performance and proposes alternative policies capable of delivering more inclusive growth. In addition to improving access to health care and quality education, they call for redistribution from the rich to the poor and present evidence showing that redistribution does not hurt growth. Accessible to scholars across disciplines as well as to students and policy makers, Confronting Inequality is a rigorous and empirically rich book that is crucial for a time when many fear a new Gilded Age.
This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Rising inequality and widespread poverty, social unrest and polarization, gender and ethnic disparities, declining social mobility, economic fragility, unbalanced growth due to technology and globalization, and existential danger from climate change are urgent global concerns of our day. These issues are intertwined. They therefore require a holistic framework to examine their interplay and bring the various strands together. Leading academic economists have partnered with experts from several international institutions to explain the sources and scale of these challenges. They gather a wide array of empirical evidence and country experiences to lay out practical policy solutions and to devise a comprehensive and unified plan of action for combatting these economic and social disparities. This authoritative book is accessible to policy makers, students, and the general public interested in how to craft a brighter future by building a sustainable, green, and inclusive society in the years ahead.
Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.
This book addresses topics and issues of high relevance to the widely shared desire to promote inclusive growth, sustainability, and innovation within a context of global governance. It is based on the XXXth Villa Mondragone International Economic Seminar, where leading experts met to discuss the latest research and thinking on different aspects of globalization, trade, inequalities, growth imbalances, green technologies, the labor market, and financial systems. The aim is to stimulate new responses and possible solutions to a variety of well-recognized problems, including low growth in real wages, stagnating productivity, and growing disparities in income. Some of these problems are especially evident in Europe, where austerity policies have failed to deliver adequate growth and investment. However, while a number of the contributions focus on aspects of particular importance to Europe, others look further afield, for example to the scope for innovation in Africa and to experiences with quantitative easing in Japan. The book will be of wide interest to academics, researchers, policy makers, and practitioners.
Social economy -- also known as "non-profit" or "third sector" -- organizations have grown in number and relevance, contributing to employment, social inclusion, democratic participation and community building. Much remains to be done, however, to create the necessary enabling environment to support their creation and development and to mainstream the sector in economic and social policies. This publication offers new insights into the economic theory of social economy organizations, their role in an evolving political and economic context, and the links to local development and the empowerment of users. Building on theoretical and empirical developments in OECD member countries, the publication also presents the main challenges for the social economy in Central East and South East Europe. Recommendations for action are included.--Publisher's description.
CAN AMERICA WIN ITS ECONOMIC FUTURE? "YES," says the Architect of Inclusive Competitiveness (r), Johnathan M. Holifield. In this groundbreaking book - an Innovation Economy leader, civil rights advocate and former NFL athlete - Johnathan shines a bright light on shifting demographic trends in the United States and the dramatic impact this will have on our economic future. Inside these pages you'll learn the potential pitfalls ahead, as well as the extraordinary opportunities for shared socio-economic prosperity. Although the economic narrative of the 20th century served America well, it will not - indeed, it cannot - meet the needs of the 21st century. Calling for "All Hands On Deck," this book lays out an exciting way forward for America to win the future. Johnathan presents a compelling model for a new economic narrative and action framework for leaders in business, government, technology, education, philanthropy and the community, and also shows how important it is and will be to include disconnected Americans - women, Blacks, Hispanics and rural populations - if our country is to maintain its position of global economic leadership. This book is essential reading for anyone concerned about the socio-economic future of the U.S. What the experts are saying: "Brilliant! Unlike any other book written on economic development, this one encapsulates the challenges and opportunities of the nation through the lens of economic inclusion and competitiveness ideals. Johnathan has provided America a Rosetta Stone that will unleash America's untapped economic prowess..." JAY W ILLIAMS, FORMER U.S. ASSISTANT SECRETARY OF COMMERCE FOR ECONOMIC DEVELOPMENT "With a fresh voice, Holifield clearly identifies the economic imperative of our time. Prescribing a realignment of underserved community priorities to incorporate economic competitiveness, his restructuring framework is perceptive, coherent, and transcends political affiliations..." MICHAEL SCHREIBER, CHIEF OPERATING OFFICER, ROBERT F. KENNEDY HUMAN RIGHTS "In his new book, "The Future Economy and Inclusive Competitiveness," Johnathan Holifield presents a powerful vision for how the United States can sustain economic growth and wealth creation well in to the future. His vision is based on a compelling modern view of the wealth of nations. In Holifield's view, the wealth of nations is bound up in the interconnectedness of the knowhow, implementable ideas, and information networks of the various ethnic and racial groups and individuals in the economy. He argues that the opportunity for increased economic growth and wealth generation for the United States is presented by the "demographic shift", the so-called browning of America." The key to opening the door to this opportunity is for the private and public sectors to embrace and engage strategies of economic inclusion. Simply put, Holifield argues that the size and robustness of the future US economy is a matter of best practices in a market place of inclusion that stimulates economic competitiveness. Holifield's powerful insight for how economic inclusion can define the future for the US economy is truly a must read." RONALD A. JOHNSON, PhDPRESIDENT, CLARK ATLANTA UNIVERSITY