Inclusive growth: Literature review

Abstract

The paper presents a comprehensive analysis of scholarly literature within the domain of inclusive growth. It meticulously categorises diverse approaches aimed at delineating the essence of inclusive growth, encompassing the articulation of principal objectives, and identifying challenges that inclusive growth endeavours to address. Furthermore, to enhance the organization of research and attain a nuanced understanding of prevalent, well-explored, and under-researched themes, the study advocates for a supplementary bibliometric analysis of publications on inclusive growth. Utilizing data extracted from the Scopus and Web of Science databases from 1995 to 2022, this research discerns notable scholarly interest in inclusive growth, particularly among academic communities in the United States, India, and Great Britain. The findings delineate several focal points within the realm of inclusive growth, including the determinants of developmental trajectories, the constituents and metrics of economic expansion, as well as the evaluation and prognostication of its outcomes. Moreover, the study underscores the significance, characteristics, and potential avenues of inclusive growth, alongside the imperative of financial inclusivity and its role in fostering equitable economic development. Additionally, it identifies key components essential for achieving sustainable development objectives, elucidating how inclusive growth initiatives are intricately linked to the mitigation of pervasive societal challenges such as poverty, inequality, and unemployment. By identifying prominent clusters of scholarly discourse, this research facilitates a nuanced comprehension of the most salient themes and issues animating the discourse on inclusive growth, thus providing a valuable foundation for future scholars and policymakers in this crucial area.