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South African Journal of Economic and Management Sciences

On-line version ISSN 2222-3436
Print version ISSN 1015-8812

Abstract

VAN NIEKERK, Arno. A conceptual framework for inclusive economics. S. Afr. j. econ. manag. sci. [online]. 2019, vol.22, n.1, pp.1-13. ISSN 2222-3436.  http://dx.doi.org/10.4102/sajems.v22i1.2915.

BACKGROUND: In view of growing concerns about global inequality and economic exclusion within and between countries, the theme of 'inclusive economics' or 'economic inclusivity' is gaining significance AIM: In discovering a more in-depth understanding of inclusive economics, the article develops a conceptual framework to better understand both the interpretation and application of inclusive economics. SETTING: As an ideal setting, the post-global financial crisis period provides fertile ground to explore alternative economic theories and systems such as inclusive economics. METHODS: A variety of terms and theories are associated with inclusive economics, hence a conceptual and theoretical analysis, in a descriptive context, is used to clarify the theoretical demarcation of this concept. RESULTS: Since the concept does pose a challenge to conventional economic frameworks, a key result is that it may become a valuable addition to the range of economic thinking and proposals in solving much-needed 21st century economic challenges. CONCLUSION: The article contributes towards developing a new paradigm for genuine economic progress - in theory and practice.

Keywords : Inclusive economics; Well-being economy; Sharing economy; Conceptual framework.

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