Inclusive Growth: The Institutional Foundations of Shared Prosperity
Inclusive growth is not simply about whether an economy expands, but whether institutions convert growth into shared security, opportunity, dignity, and long-term social stability. Aggregate output can rise while wages stagnate, housing becomes unaffordable, healthcare remains inaccessible, education becomes stratified, and households carry greater exposure to debt and economic shock. This article examines inclusive growth as an Institutions & Governance question, arguing that prosperity is shaped by public architecture: taxation, labor protections, healthcare systems, education, housing policy, social insurance, public goods, and state capacity. It contrasts market dynamism with the institutional need for risk-sharing, social investment, and democratic legitimacy. Growth becomes genuinely inclusive only when it expands human capability, reduces preventable insecurity, protects basic dignity, and ensures that economic prosperity strengthens the public foundations of collective wellbeing.






