wootonIt would be nice to think that real inclusive growth could actually be achieved but alas, it is an imperfect world and the vast majority of political-economic systems just don’t allow for it. The best to be hoped for would be a fair sharing of new wealth and opportunity. In political system terms, roughly half the world’s population is under some form of democracy while the other half is under hybrid or authoritarian regimes, the large populations of China and India tend to balance each other out as India is a democracy while China is an authoritarian regime.

But whether a political system is democratic or not theoretically makes little difference to the way in which wealth and opportunity are shared. In fact, logically an authoritarian regime should be better equipped to ensure the inclusivity of opportunity, communism after all majored on that promise but they couldn’t really get themselves properly organized, nor were they very good at planning!

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details