INCLUSIVE ECONOMICS AND THE INTERNATIONALECONOMIC ORDER

Abstract

Inclusive economics(IE)or economic inclusivity is fundamental to the globalchallenges of inequality, systemic risk and fair governance inaddressing globaleconomic disparities. The sustainability of theglobal economy is developing intoarguably the highest global priority. Asthe world becomeever more a ‘globalvillage’, inclusive economics is seen as an avenue that has potential for steeringglobalisation and global economic governance(GEG) decision- making towardsgreater sustainability. But IE comes with significant implications for the economy,if betterunderstood, as it is not simply a perfect fit to the profit-driven marketsystem. This necessitates adjustments within the international economicorder.Pressure from theglobal civil societyis increasingin order for the globaleconomy to become more socially responsible and less purely profit-driven(capitalistic). It is therefore of critical importance to investigatewhat IE is – evenas it evolves – and what its implications are. The question at the heart of the issueis how to advanceeconomic inclusivityglobally, as a central priorityfortheinternational economic order,in a way toensuregenuine economic progress