Social exclusion - some targets and facts from the European Union and implications for economic growth
Journal Title: Central European Review of Economics and Finance - Year 2016, Vol 14, Issue 4
Abstract
On the background of inconclusive evidence about the income inequality-economic growth relation, this paper suggests that the level of exclusion (a blend of multi-dimensional and mutually reinforcing processes of deprivation), aside from the social aspects, negatively affects economic growth (especially in the case of developed countries). However, it is not mainly about the interrelation between the phenomena but also about finding the channels that lead from exclusion to growth. Identifying them allows us to answer questions about the legitimacy of some recent efforts made in the European Union (EU) . The global crisis has contributed not only to a deterioration of the EU's economy and public finances, but concurrently to European citizens' quality of life. It is difficult to deal with all issues at the same time because there is potential conflict between the achievement of wider social objectives and the pursuit of prudent macroeconomic policy. Thus, after a discussion about current European policy in the field of poverty and social exclusion, some good examples of effective practises are also described.(original abstract)
Authors and Affiliations
Magdalena Tusińska
Keywords
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