INCLUSIVE ECONOMY AS THE OBJECT OF MODERN SCIENTIFIC RESEARCH

Abstract

This article highlights the role and contributions of eminent economists such as Amartya Sen, Joseph Stiglitz, Muhammad Yunus, Esther Duflo, Abhijit Banerjee, Ha-Joon Chang, and Raghuram Rajan to the development of economic science and the understanding of inclusive economy and social justice. The research of these scholars has provided valuable insights into the challenges of inclusive economy, inequality, globalization, and institutions. The article emphasizes the importance of further research and integration of diverse approaches to develop comprehensive and effective strategies for achieving inclusive economic and social outcomes. It also notes that ongoing scientific debates revolve around the appropriate level of government intervention, compromises between equity and efficiency, and complexities of institutional reform. Furthermore, the article underscores the need for improving the measurement systems of social impact to ensure objective and meaningful assessments, as quantitative evaluation and comparison of social consequences can be challenging and subjective. Reliable methodologies and maximum objectivity of economic results are necessary in this regard. Overall, the article emphasizes the significance of a balanced approach, considering numerous dimensions of inclusivity and sustainability, to achieve substantial and lasting societal improvements. Researchers have made a significant contribution to the advancement of economic science and the understanding of inclusive development and social justice. Their studies have shed light on various aspects of economic development, inequality, financial systems, government intervention, and globalization. While their work has been valuable, there is a need for further research and the integration of diverse approaches to achieve truly inclusive and sustainable economic outcomes. Currently, it is important to focus on the ethical aspects of research and ensure transparency and reliable methodologies for measuring the inclusiveness of economic processes. A balanced approach that takes into account numerous dimensions of inclusiveness and sustainability is key to achieving meaningful and lasting improvements in creating a society of equal opportunities. The conclusions call for further research and the advancement of economic science to promote inclusive economic development and social justice.