The Economics of Inclusion: Building an Argument for a Shared Society

Michael A. Valenti and Olivier Giovannoni

Economics Working Paper Archive from Levy Economics Institute

Abstract: This paper presents a review of the literature on the economics of shared societies. As defined by the Club de Madrid, shared societies are societies in which people hold an equal capacity to participate in and benefit from economic, political, and social opportunities regardless of race, ethnicity, religion, language, gender, or other attributes, and where, as a consequence, relationships between the groups are peaceful. Our review centers on four themes around which economic research addresses concepts outlined by the Club de Madrid: the effects of trust and social cohesion on growth and output, the effect of institutions on development, the costs of fractionalization, and research on the policies of social inclusion around the world.

Keywords: Shared Societies; Economic Inclusion; Institutions; Economic Growth; Income Distribution (search for similar items in EconPapers)
JEL-codes: D31 O11 O43 (search for similar items in EconPapers)
Date: 2013-02
New Economics Papers: this item is included in nep-cdm, nep-evo, nep-hpe, nep-pke and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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