IMFx: Inclusive Growth: Concepts and Indicators

IMFx: Inclusive Growth: Concepts and Indicators

by The International Monetary Fund

This course dives into the key concepts and dimensions of inclusive growth, scrutinizing the broader objectives policy makers must consider. It examines vital theories and tangible evidence to identify policies that can inspire growth, explores the relationship between growth, poverty reduction, and inequality mitigation. In later segments, it emphasizes on devising metrics to quantify inclusiveness, beginning with the most marginalized groups to assess poverty and stretching out to other income brackets to gauge inequality. The course delves deep into both monetary and non-monetary welfare indicators, addressing facets such as income, consumption, health, and education levels.

  • Grasp the intricate construct of inclusive growth, discerning between outcomes and opportunities.
  • Uncover connections between economic growth, poverty, and inequality, alongside evaluating the effectiveness and flaws of related metrics.
  • Craft a comprehensive framework for inclusive growth and devise strategic national policy priorities.
  • Master techniques to compute poverty and inequality indices, like growth incidence curves.
  • Identify and expound non-income-based inclusiveness indicators, and explain multi-dimensional welfare considerations.

No specific prerequisites are required for this course, making it accessible to individuals with a basic understanding of economics but eager to acquire deeper insights into inclusive growth.

  • Introduction to the concepts and dimensions of inclusive growth.
  • Analysis of policies to foster growth through theoretical and evidential lenses.
  • Methods to measure inclusiveness starting with poverty metrics for disadvantaged groups.
  • Expansion of inclusiveness measurement to include other income groups for inequality assessment.
  • Examination of monetary and non-monetary welfare dimensions like health and education.

This course is designed for individuals interested in economic policies, particularly in understanding how economic growth can be inclusive, addressing both quantitative and qualitative aspects of societal welfare. Suitable for policy makers, students of economics and finance, social workers, and anyone interested in the intersection of economics with social issues.

The skills and knowledge gained from this course can be applied in various real-world contexts including government policy making, NGO program design, and corporate social responsibility initiatives. Learners can use the frameworks and approaches studied to contribute to societal development strategies that aim for equitable growth, ensuring that economic advancements benefit all sections of the society equitably.

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