Fostering inclusive growth

Matching efficiency with fairness for sustainable economic development

Inequality, in economic terms, can be inefficient as well as unfair. Indeed, policymakers increasingly recognise that extreme inequality may represent a threat to long-term economic and social development. As a result, there is now more effort being made to look beyond GDP growth figures to see how the benefits of economic development are distributed. 

While a degree of inequality may signal positive incentives to invest, innovate, take risks and work hard; inequality beyond a certain level can cause an inequality of opportunity that hampers social mobility and weakens incentives to invest. 

This session explores policy priorities to match economic efficiency with fairness and looks at strategies to stimulate robust and inclusive economic growth through three main channels:

·Equal opportunities

·Market structure

·Redistribution, public goods and services.

© UNOPS / John Rae

Organised by

Speakers

Moderator
Elena Flores
Director for International Economic and Financial Relations
European Commission - Directorate General for Economic and Financial Affairs
Maoyu Zhang
Vice-Chairman
China International Development Cooperation Agency
Pierre Moscovici
EU Commissioner, Economic and Financial Affairs, Taxation and Customs
European Comission
Rejoice Namale
Young Leader - Malawi
Tanya Cox
Director
CONCORD Europe
Albert G. Zeufack
Chief Economist
World Bank Group
Grete Faremo
Under-Secretary General and Executive Director
United Nations Office for Project Services (UNOPS)