Institutionalizing Inclusive Markets as a Prerequisite to Inclusive Growth

Abstract

This article questions the contemporary definitions given to the concept of inclusive growth, which is assumed to be an effective solution to the problems of exclusion (marginalization, unemployment, poverty, inequality, etc.), without designing new growth models and without putting in place the tools necessary for inclusion (regulation, institutions, capacities, etc.). In the authors' view, the current exclusionary model is far from generating real inclusion as long as it fails to promote the necessary institutions to produce real inclusion and the ability to deal with the different forms of “exclusion.”