Foreign direct investment (FDI) is widely considered among the most effective instruments for promotion of economic development. However, not all FDI leads to inclusive growth, lifting welfare poorest groups. This paper examines conditions under which can effectively lead growth. By using a fixed effects regression with annual data 67 countries from 1990 2015, we find that has positive effect o...

This research conducts an empirical investigation to identify the relationship between institutional quality and inclusive growth. For this purpose, it first examines existing situation of growth 86 countries. Later, constructs indices using social welfare function by apply principal component methodology on worldwide governance indicators. The fixed effect results suggest that Institutional is...

This chapter reviews the evidence on the potential effect of pro-growth structural reforms on wage dispersion and household income inequality and examines whether specific policies driving GDP growth over the past decades may have also contributed to widening inequalities. In doing so, it distinguishes between the main channels via which policies affect growth and income distribution and identi...

Despite being generally viewed as homogenous, the four provinces that make up Atlantic Canada have quite different Early Childhood Education and Care systems. Through in-depth interviews of policy actors within the four Atlantic Canadian provinces completed in 2011, this article illustrates that Prince Edward Island had an ‘inclusive liberal’ childcare system. Nova Scotia and New Brunswick mixe...

University and Professor of Economics at Hong Kong University of Science and Technology. This paper was prepared for the Asian Development Bank’s Distinguished Speakers Program held on 11 October 2004 in Manila, Philippines. The original lecture style of presentation has been preserved. This paper draws heavily on the author’s 2003 and 2004 papers, “Development Strategy, Viability, and Economic...

Despite rapid economic growth the numbers living in absolute poverty in Africa have grown. The absence of inclusive growth can be traced to the structure of globalisation, the advance of financialisation and the trajectory of technological progress. A number of disruptive forces in which China has played a major role offer the possibility of moving from this exclusive growth strategy – terms of...

This paper examines how economic growth in Egypt can be made more inclusive through a focus on rural development and reducing regional disparities. Nearly all of the extremely poor in Egypt live in rural areas and 83 percent of them live in Upper Egypt. The youth in those rural areas feel particularly excluded. The paper proposes a three-pronged strategy for dealing with regional inequalities a...

Technology or lack of it will play an important role in Africa’s effort to achieve inclusive development. Although a key determinant of competitiveness, new technology can exacerbate exclusion of the majority from the mainstream economic activities. To minimise potential technology exclusion while leveraging its critical role in African’s development, requires insight into technology diffusion ...