The Creation of Inclusive Value at Korean Firms
|저자||Soyoung Lim||발행일||제 호 (2019.06.28)|
With globalization and technological advances, the global economy has grown tremendously, but the benefits have not been equitably distributed.
Economic growth’s lack of inclusiveness has resulted in worsened inequality of income, wealth and opportunity, excluding many from the benefits of growth. In recent years efforts to solve the social side effects caused by inequality have led to the birth of inclusive growth as a concept. Inclusive growth is a growth theory that highlights equal opportunity for each member of the society to participate in economic activities, both to ameliorate inequality and promote economic growth.
The key to the inclusive growth defined by the international community is that it gives equal opportunities to all the members of society. This means that it embraces the vulnerable: those in the low-income bracket, children, the elderly and the disabled. Until recently, vulnerable people have been regarded as objects of charity or aid in international discussions and domestic policy. As a result, rather than being part of economic activities, the vulnerable were generally perceived to be passive actors and recipients welfare.