PREREQUISITES FOR THE FORMATION OF INCLUSIVE ECONOMIC DEVELOPMENT AND ITS ROLE IN ACHIEVING SUSTAINABLE DEVELOPMENT
Abstract
The article systematizes the main unresolved issues that became to the prerequisite occurrence of the concept of inclusive economic development. The key challenges was identified, including the high level of poverty in developing countries, unequal income distribution and social inequality, the need to involve migrants and internally displaced persons in economic activities, the inclusion of people with disabilities, ensuring gender equality, and improving access to healthcare and education. These issues were examined both in a global context and within the specific circumstances of Ukraine. The paper demonstrates how these factors served as prerequisites for the development of the inclusive economic development concept. The evolution of inclusivity-related terms was explored, from "inclusive development" to "inclusive growth" and eventually "inclusive economy." Definitions of "inclusive economy" provided by international organizations as well as Ukrainian and foreign researchers were presented. The study investigates the extent to which the Sustainable Development Goals adopted for the period up to 2030, along with their associated indicators, address the unresolved issues that gave rise to the inclusive development concept. To achieve this, current legal and regulatory acts guiding the implementation of sustainable development in Ukraine were analyzed, including the Presidential Decree on the Sustainable Development Goals and the Cabinet of Ministers’ directive that elaborates on them. It is determined that a number of the problems underpinning the inclusive development concept are reflected in Ukraine’s Sustainable Development Goals , such as employment of internally displaced persons and ensuring gender equality. However, areas like employment of people with disabilities, veterans’ reintegration into the workforce, and income stability still require further elaboration within the Sustainable Development Goal framework. The article proposes directions for adapting the Sustainable Development Goals by introducing additional indicators to better reflection unresolved socio-economic challenges.
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