Sustainable economic growth requires inclusive growth. Maintaining this is sometimes difficult because economic growth may give rise to negative externalities, such as a rise incorruption, which is a major problem in developing countries. Nonetheless, an emphasis on inclusiveness—especially on equality of opportunity in terms of access to markets, resources, and an unbiased regulatory environment—is an essential ingredient of successful growth.
Elena Ianchovichina and Susanna Lundstrom,
"Inclusive growth analytics", The World Bank
European Youth Network for Creativity and Innovation
The European Youth Academy for Inclusive Growth seeks to explore how youth work can strengthen the social measures addressing the intersections between social inclusion, employment and inclusive growth .
It is becoming increasingly evident that social inclusion of vulnerable young people has an important role to play in making their growth processes more inclusive and resilient. It contributes to enhancing equity and mitigating vulnerability in the face of shocks and barriers to the full and productive absorption of the labour force by market‐driven processes alone. Less acknowledged are the implications of the youth work contributions to broadening the European sources of growth so as to make the growth trajectory more inclusive through a combination of micro, meso and macro‐level impacts on demand, productivity and resilience.
The response to the recent economic crisis in Europe, and the strategies that were adopted by various countries prior to that point to promising moves in this direction while demonstrating the potential for both nationally and European-wide adapted and innovative approaches to design and scaling‐up. Many of the programmes were home grown and with significant potential for international exchange and cooperation. The recent experiences also point to gaps and areas, which need urgent attention.
The EYNCRIN`s European Youth Academy for Inclusive Growth looks at youth work methods to address the additional sources of young people`s vulnerability that increasingly need to be better incorporated into social protection, youth policities and social policies.