Promoting Equitable Urban Economies through Inclusive Growth

Promoting Equitable Urban Economies through Inclusive Growth

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Introduction

Inclusive growth is an economic approach to the development of an economy, which focuses on improving the living standards of all citizens, and ensure that people in diverse social groups benefit from the country’s economic prosperity. Lee & Sissons (2016) note that the approach is inclusive in the sense that it leaves no citizen behind as a nation or economy grows positively, ensuring that there is equitable distribution of benefits as a country develops. This economic approach is relevant in the high-income countries, and emerging economies, which are experiencing high levels of income inequalities between the wealthy and poor populations (Van Niekerk, 2020). The income…