ELEMENTS AND INDICATORS OF INCLUSIVE ECONOMIC DEVELOPMENT

The concept of inclusive economic development and the basic concepts that underlie it are examined in the scientific paper. The definitions of “inclusive growth” offered by the leading international organizations and scientists are studied. The methods of inclusive economic development assessment are analyzed: the methodology of the Asian Development Bank, the method of calculating of inclusive development index offered by the World Economic Forum in Davos (Switzerland) likewise the method of inclusive rural development assessment is substantiated. Their main advantages and disadvantages are revealed. The policy of inclusive growth should be based on institutional support and good governance policy. To determine the level of inclusive economic development the key components should be considered: political, economic, social, and environmental. The need to improve the existing methods by including the environmental component and indicators that determine the degree of equal opportunities for the citizens regardless of their age, gender, physical abilities, religion, nationality, and place of residence is shown.