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The Political Economy of Inclusive Growth: A Review

Author

Listed:
  • Mr. Simon Johnson
  • Ms. Priscilla S Muthoora

Abstract

In this paper, we review the role of the political economy in inclusive growth. We find that political economy forces on the demand and supply side have weakened redistribution over time and contributed to a new wave of populism. We document growing support for a rethink of the social contract to make growth more inclusive and discuss some of its broad elements.

Suggested Citation

  • Mr. Simon Johnson & Ms. Priscilla S Muthoora, 2021. "The Political Economy of Inclusive Growth: A Review," IMF Working Papers 2021/082, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:2021/082
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    Citations

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    Cited by:

    1. Valerie Cerra, 2022. "A Framework For Inclusive And Sustainable Growth In Asia And The Pacific," Asia-Pacific Sustainable Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 29(1), pages 17-41, May.
    2. Huet-Vaughn, Emiliano, 2023. "Minimum Wages and Voting: Assessing the Political Returns to Redistribution outside the Tax System," IZA Discussion Papers 16416, Institute of Labor Economics (IZA).

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