The Inclusive Economy : Criteria, Principles and Ubuntu / Arno J. van Niekerk.

Format:

Book

Author/Creator:

van Niekerk, Arno J., author.

Language:

English

Subjects (All):

Economics--South Africa.

Economics.

Ubuntu (Philosophy).

South Africa--Economic conditions.

South Africa.

Physical Description:

1 online resource (506 pages)

Edition:

First edition.

Place of Publication:

Auckland Park, South Africa : UJ Press, [2022]

Summary:

There is one serious missing link at the center of today's capitalism.

Contents:

Intro

Foreword

Phil Molefe

Introduction

Our major twenty-first-century economic challenge and Ubuntu

Chapter 1

What is inclusive economics?

Conceptualisation: What is an inclusive economy?

Theoretical framework for economic inclusivity

Heterodox economic theories

Inclusive economic theory

Implications of an inclusive economy

Conclusion

Chapter 2

Inclusive growth

What inclusive growth is not: Inequality and unfettered growth

How is inclusive growth different?

What are the components of inclusive growth?

Pro-poor growth

Broad-based growth

Shared growth

Inclusive business

Green growth

Growth that creates real value

Failures of GDP and measuring inclusive growth

Inclusiveness index for growth

McKinley Inclusive Growth Index

Global Database of Shared Prosperity (GDSP)

Dynamic integrated measure of inclusive growth

Chapter 3

Genuine economic progress

The meaning of genuine economic progress

Theoretical foundation

Measuring genuine economic progress

Genuine Progress Indicator (GPI)

Indices measuring holistic economic progress

The System of Integrated Environmental and Economic Accounting (SEEA)

Progress: From innovation for profits to innovation for well‑being

APPENDIX 3.1: Components, refinements and formulas of the GPI

Chapter 4

The circular economy

Brief background and theoretical underpinning

What is different about the circular economy?

A different concept of the economy

Circular economy's higher goal: Changing the processes of production, business and governance

Measuring progress differently - and for a different purpose

The role of innovation and technology: The digital circular economy

Chapter 5.

Collaborative economy

What is a collaborative economy?

Collaborative frameworks: The honeycomb model and the access economy

Honeycomb 1.0

Honeycomb 2.0

Honeycomb 3.0

The access economy

Building a collaborative economy: How is inclusive business different from CSR?

A new economic ethos coming out of the collaborative economy

Chapter 6

Inclusive economic policies and institutions

Inclusive economy matrix (IEM)

A new end goal: Defining a new economic agenda

Policies promoting and enabling inclusive growth

Policies that ensure genuine economic progress and effective redistribution of income

Implementing genuine economic progress through policy

Inclusive tax reform for better income redistribution

Reform monetary and financial systems for stability

Building capacity through innovative policies: Technology and inclusive development

Policies steering the economy towards a smart circular economy

Policies that entrench the building of a collaborative economy and government

Inclusive institutions

Policy process and implementation

Conclusion: Policy framework and final recommendations

APPENDIX 6.1: The Sustainable Development Goals (SDGs) and inclusive economies

APPENDIX 6.2: Country examples of integrating well-being metrics into policy-making

Chapter 7

Navigating the Great Transition

Resetting the coordinates: Key factors and priorities for economic inclusion

Setting higher goals through a new commitment: A social covenant

Transitioning by means of systemic change in the economy

Put into proper use the new approaches to measuring economic progress

Innovative inclusion in the 4IR to advance the transition

Steering/navigating the new economy movements.

Transition by means of learning something special: Ubuntu economics

Conclusion: An inclusive economy at our doorstep

References

Endnotes

Table 3.1: Items used for the calculation of Singapore's GPI

Table 3.2: The components of the Gross National Happiness Index

Table 3.3: Size of the economy vs happiness (average life evaluations)

Table 3.4: Strengths and shortcomings of some of the key beyond-GDP indicators and indices

Table 3.5: Components of the Genuine Progress Indicator

Table 4.1: Circular economy indicators included in the EU28 monitoring framework

Table 5.1: Factors to consider in an inclusive business model

Table 5.2: Frameworks for determining the inclusivity of inclusive business

Table 6.3: Outlining the inclusive economy matrix

Table 6.4: Indicators of inclusive growth for general application

Table 6.5: Smart circular economy matrix to assist policy-making

Table 6.6: The four pillars (and traits) of the collaborative economy as policy focus-areas

Table 6.7: Migration within the collaborative economy through policy guidance

Table 6.8: Framework for assessing policy issues related to collaborative consumption

Table 6.9: Inclusive economic policy framework: Creating synergies for better solutions

Table 7.1: Key composites of an inclusive economy

Figure 2.1: Income disparities from 1980 to 2019 (global averages) (Source: Own work and data from the World Inequality Database (WID) 2021)

Figure 2.2: Total global debt as a percentage of world GDP (weighted average) (Sources: Own work

data from the International Monetary Fund (IMF) and the Bank of International Settlements (BIS))

Figure 2.3: Components of inclusive growth (Source: Own design)

Figure 2.4: Change brought about by inclusive business models (Source: De la Mata 2012).

Figure 2.5: Inclusiveness Index for 1996 and 2006 (Source: Data from Ramos et al. 2013)

Figure 2.6: Regional comparison of shared prosperity: Annualised p/c growth (2011-2018) (Source: Data from the GDSP)

Figure 2.7: Shifts in social mobility curve showing inclusive growth (Source: Anand, Mishra &amp

Peiries 2013a)

Figure 3.1: World average GDP per capita vs GPI per capita (1945‑2020) (Sources: Kubiszewski et al. 2013

World Bank &amp

OECD 2021 and GNHUSA 2021)

Figure 3.2: GPI components used for assessment (Source: Berik 2020)

Figure 3.3: A more sustainable economy based on minimising throughput (Source: Talberth et al. 2006)

Figure 3.4: Components of the HDI (Source: UNDP 2021)

Figure 3.5: Elements of the IHDI (Source: UNDP 2021)

Figure 3.6: Average well-being for the UK (2011-2020) (Sources: Data from Tinkler 2015, Pettinger 2017

ONS 2021)

Figure 3.7: LQI: Country ranking comparison (2021) (Sources: Data from WorldData 2021

Numbeo 2021)

Figure 3.8: BLI attainment of well-being in 2019 (Source: Data from BLI 2021)

Figure 3.9: A proposed system of indicators aimed toward improving human well-being (Sources: Dietz &amp

O'Neil 2013

Abdallah et al. 2010)

Figure 3.10: Components of GPI separated into built, human, social and natural capitals (Source: Kubiszewski 2018)

Figure 3.11: Various mathematical representations of the GPI (Sources: Talberth &amp

Weisdorf 2017

Bagstad &amp

Shammin 2012

Lawn 2008)

Figure 4.1: Social welfare maximisation (Source: Feldman 2008)

Figure 4.2: Interactions between the economy and the environment (Source: Hanley et al. 1997)

Figure 4.3: Balance within a sustainable economy: A foundation for inclusive development (Source: Turner 1988)

Figure 4.4: Contrast between the circular economy and the linear economy (Source: UNIDO 2018).

Figure 4.5: An environmentally safe and socially just space for humanity to thrive (Source: Raworth 2012)

Figure 4.6: The circular economy: Regenerative by design (Source: Raworth 2017)

Figure 4.7: The circular economy: From centralised to distributed design (Source: Raworth 2017)

Figure 4.8: Feedback loop used in regenerative design (Source: Lyle 1996)

Figure 4.9: Circular economic system diagram: Consumption, production and well-being (Sources: Ellen MacArthur Foundation 2019

McDonough &amp

Braungart 2002)

Figure 4.10: Transitioning from the traditional business model to the circular business model (Source: Geissdoerfer et al. 2018)

Figure 4.11: Framework and throughput indicators for an economy-wide circular economy assessment (Source: Mayer et al. 2018)

Figure 4.12: Input- and output-side circular economy indicators (Source: Mayer et al. 2018)

Figure 4.13: Classification of the three LCA measurement scopes from circular economy indicators (Source: Moraga et al. 2019)

Figure 4.14: Measurement scope - different stages in LCA (Source: Vogtländer 2010)

Figure 4.15: Levels in the circular economy framework (Source: Elia et al. 2017)

Figure 4.16: Taxonomy of index-based methods (Source: Elia et al. 2017)

Figure 4.18: Main current circular economy targets by areas of application (Source: Morseletto 2020)

Figure 4.19: Interactions of the energy, materials, and biodiversity nexus (Source: Friant et al. 2020)

Figure 4.20: Relations between economic change and sociological change (Sources: Prieto-Sandoval et al. 2018

Chertow &amp

Ehrenfeld 2012)

Figure 4.21: The smart circular economy framework (Source: Kristoffersen et al. 2020)

Figure 5.1: Different forms of collaboration within the sharing economy (Source: CFI Team 2021).

Figure 5.2: Cumulative funding of sharing economy start-ups since 2010 (billions USD) (Sources: Wallenstein &amp.

Notes:

Description based on print version record.

Includes bibliographical references.

ISBN:

1-77640-236-7