MAIN DETERMINANTS OF THE DEVELOPMENT OF THE INCLUSIVE ECONOMY

Abstract

The presented paper analyzes the main components of the development of an inclusive economy. Determinants of the development of economic processes are determined. The purpose of the presented work is to study the main determinants of the development of economic processes, to determine the main components of an inclusive economy. The research methods are analysis and synthesis for determining the main components of the development of economic processes, induction and deduction for the analysis of the main determinants of the development of an inclusive economy, a graphic method for visual presentation of research results. The development of an inclusive economy depends on various determinants that influence the creation and strengthening of inclusive processes and structures in the economy. Effective regulation and policy can stimulate the development of an inclusive economy. Legislative acts and political decisions aimed at supporting socially vulnerable groups, equal access to resources and opportunities for all, are important factors in the successful development of an inclusive economy. An inclusive economy requires a highly qualified workforce capable of innovative thinking and adaptation to change. Investments in education, training and skills development help build human capital and ensure inclusive development. An important determinant of an inclusive economy is ensuring equal access to resources, services and opportunities for all. This includes access to the labor market, credit, financial services, education, health care, as well as the inclusion of women, the disabled, youth and other socially vulnerable groups. Creating favorable conditions for the development of entrepreneurship and small and medium-sized enterprises can contribute to the inclusive growth of the economy. Supporting small and medium-sized businesses, reducing barriers to entrepreneurship, as well as innovation and access to technology can contribute to the creation of new jobs and the development of an inclusive economy. The development of an inclusive economy requires access to financial services for all segments of the population. Providing access to banking services, microcredit, insurance and investments can ensure financial sustainability and the development of socially oriented projects. Financial inclusion promotes inclusion of different social groups in the financial system, helps reduce poverty and stimulates economic development.