How to Achieve Inclusive Growth

This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations.

Rising inequality and widespread poverty, social unrest and polarization, gender and ethnic disparities, declining social mobility, economic fragility, unbalanced growth due to technology and globalization, and existential danger from climate change are urgent global concerns of our day. These issues are intertwined. They therefore require a holistic framework to examine their interplay and bring the various strands together.

Leading academic economists have partnered with experts from several international institutions to explain the sources and scale of these challenges. They gather a wide array of empirical evidence and country experiences to lay out practical policy solutions and to devise a comprehensive and unified plan of action for combatting these economic and social disparities.

This authoritative book is accessible to policy makers, students, and the general public interested in how to craft a brighter future by building a sustainable, green, and inclusive society in the years ahead.

Valerie Cerra, Assistant Director, IMF,Barry Eichengreen, George C. Pardee & Helen N. Pardee Professor of Economics and Political Science, University of California, Berkeley,Asmaa El-Ganainy, Deputy Division Chief, IMF,Martin Schindler, Deputy Division Chief, IMF

Valerie Cerra is Assistant Director and Division Chief of the Inclusive Growth and Structural Policies Division in the International Monetary Fund's Institute for Capacity Development. She has been involved in policy advice, lending, and capacity development in the IMF's Western Hemisphere, African, European, and Asia and Pacific departments, and the IMF Institute. She obtained undergraduate degrees in finance and engineering from the University of Pennsylvania, and a Ph.D. in Economics from the University of Washington. She has published widely in leading economics journals on topics related to international macroeconomics, financial crises, economic scarring, and inclusive growth.

Barry Eichengreen is George C. Pardee & Helen N. Pardee Professor of Economics and Political Science, University of California, Berkeley; Research Associate of the National Bureau of Economic Research; and Research Fellow of the Centre for Economic Policy Research.


Asmaa El-Ganainy is a Deputy Division Chief at the IMF's Institute for Capacity Development. Previously, she worked in the European and Fiscal Affairs Departments, contributing to IMF's surveillance, lending, research and capacity development work across a range of countries. Her research interests are in the fields of public finance, sovereign debt, inequality, labor economics, and capital flows.

Martin Schindler is a Deputy Division Chief at the IMF. He has contributed to the IMF's surveillance, lending, and analytical work, covering low-income, emerging and advanced economies on four continents, as well as to capacity development, including as deputy director of the Joint Vienna Institute. He is the lead editor of the IMF book on Jobs and Growth: Supporting the European Recovery and has published in leading economic journals, including the Journal of Monetary Economics, the Journal of International Economics, and the European Economic Review, among others. He holds a Ph.D. in economics from the University of Pennsylvania.