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Inclusive Growth - Coggle Diagram
Inclusive Growth
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Definition
UNDP
“the process and the outcome where all groups of people have participated in the organisation of growth and have benefited equitably from it”
World Bank
“Inclusive Growth refers both to the pace and pattern of growth, which are interlinked and must be addressed together.”
Inclusive growth is also defined in terms of reduction in inequalities in incomes, assets as well as in vertical inequalities (individual inequalities) and horizontal inequalities (group inequalities).