Inclusive Growth

The Global Challenges of Social Inequality and Financial Inclusion

Howard Thomas|Yuwa Hedrick-Wong

Emerald

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9781789737806

10 April 2019

$104.99

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9781789737790

10 April 2019

$104.99

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9781789737813

10 April 2019

$104.99

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Inclusive growth ensures the benefits of a growing economy extend to all segments of society. Unleashing people’s economic potential starts with connecting them to the vital networks that power the modern economy. Implementing inclusive growth is a means of democratizing productivity and it is essential to reduce the widening gap between the wealthy and the poor in both developed and developing economies.

This book arose out of a research partnership between the Mastercard Center for Inclusive Growth and Singapore Management University (SMU). It demonstrates the logic of inclusive growth, explaining its principles and the enabling models that define it. It also examines the means to creatively address financial and social inclusion and thus improve social equality. The focus is to provide basic rights for all in society to access and participate in the vital networks of services and know-how that are the indispensable enablers of increasing productivity in modern economic production. Business, government, and civil society must devise implement effective initiatives so that inclusive growth is achieved through the global democratization of productivity.

Inclusive Growth: The Global Challenges of Social Inequality and Financial Inclusion will appeal to researchers and faculty in management and business schools, leaders with a moral and ethical sense of social responsibility, as well as academics interested in economics, economic policy, and economic development.

Preface and Introduction Chapter 1. Enabling Models of Inclusive Growth: From Financial Inclusion to Democratizing Productivity Chapter 2. What is 'Financial Inclusion'? Chapter 3. How Digital Finance and Fintech Can Improve Financial Inclusion Chapter 4. What is Social Inclusion and how Financial and Social Inclusion are Inextricably Linked Chapter 5. Pathways to Inclusive Growth: Social Capital and the Bottom of the Pyramid Chapter 6. The Role of Social Enterprises and Entrepreneurship in Driving Inclusive Growth Chapter 7. The Role of Women Entrepreneurs in Inclusive Growth Postscript. Reflections and Future Directions Appendix 1. Mastercard Program in Financial and Social Inclusion at SMU Appendix 2. SMU Case Studies on Financial and Social Inclusion in Partnership with the Center for Management Practice, SMU Appendix 3. List of Members of Advisory Board

The slim volume catalogues a multi-year journey exploring inclusive growth through the lenses of research projects and living case studies conducted at Singapore Management University in partnership with the Mastercard Center for Inclusive Growth. The authors begin by explaining the enabling models and basic principles which underlie inclusive growth then describe strategies for creating both financial and social inclusion and entrepreneurism as mechanisms for sustainable and inclusive growth. Case studies describe a digital payment program in Kenya, a water purification project in Cambodia, and a bakery financial literacy program in Myanmar.
- Annotation ©2019

Howard Thomas is Distinguished Visiting Professor at Gordon Institute of Business Science, South Africa, and the Ahmass Fakahany Distinguished Professor of Global Leadership at the Questrom School of Business, Boston University. He is also an Emeritus Professor of Strategic Management at Singapore Management University.

Yuwa Hedrick-Wong is Chief Economics Commentator at Forbes Asia, and Visiting Scholar at the Lee Kuan Yew School of Public Policy, National University of Singapore. He was formerly Chief Economist at Mastercard Inc.