Open Access
Article
SciPap-1192
Social Inclusion as an Instrument for Reducing Socio-Economic Inequality
by
Olena Krasota 1,* and Tetiana Melnyk 2
1 Department of Economic Theory, Macro- and Microeconomics, Taras Shevchenko National University of Kyiv, Vasylkivska Street, 90a, Kyiv 03022, Ukraine
2 Department of Accounting and Audit, Taras Shevchenko National University of Kyiv, Vasylkivska Street, 90a, Kyiv 03022, Ukraine
* Authors to whom correspondence should be addressed.
Abstract: Socio-economic inequality is growing on both local and global levels. It harms economic growth and welfare. As governments do not have enough resources to invest in education, healthcare, etc., reducing inequality is challenging. Income redistribution is a widespread means of limiting social differentiation. In this case, people are passive members of the process and lack motivation for productive activity. Therefore, reducing inequality has to be conducted in a way other than through social protection system. We consider social inclusion to become an effective instrument of inequality reduction. It includes giving all the society members equal rights regarding access to all resources and goods and involving people in economic, social, and political changes.
Keywords: Economic Growth, Social Inclusion, Socio-Economic Inequality, Gini Index, Social Exclusion
JEL classification: D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement, H53 - Government Expenditures and Welfare Programs, I30 - General, O15 - Human Resources • Human Development • Income Distribution • Migration
Received: 20 November 2020 / Revised: 21 December 2020 / Accepted: 5 January 2021 / Published: 15 January 2021
