Testing the resilience of Europe’s inclusive growth model (VOX)

Europe’s social contracts to protect their citizens from socioeconomic risks are based on an inclusive growth model characterised by a more egalitarian view of revenue generation and distribution. But this model is under strain, with various global placing upward pressure on inequality that could intensify. This column suggests that keeping the essence of Europe’s current inclusive growth model does not preclude it from adapting its current social contracts to protect its citizens, whatever the disruptions that lie ahead.

https://voxeu.org/article/testing-resilience-europe-s-inclusive-growth-model

Jacques Bughin, Christopher Pissarides

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