Development Dialogue 5: Promoting equality and inclusive growth in Mongolia
- Date: 22 October 2013, Government House,Ulaanbaatar
- Partner Agency: Standing Committee on Social Policy, Parliament of Mongolia
- Donor: UK Embassy
Mongolia has been growing at a fast pace over the last decade, mostly on the back of increasing mining revenues. GDP growth avereged nearly 9 percent annually in 2004-08, and the economy recorded double-digid growth in 2011 and 2012. Monglia is now classified as a lower-middle income country by the World Bank.
As the recent MDG Progress Report shows, even though most of the global targets will be achieved by 2015, progress many indicators is uneven across regions and vulnerable groups. Mongolia needs growth, but not any kind of growth. Rather, it needs growth that benefits all sections of society, or inclusive growth.
Inclusive growth is as much about process as about outcomes. People are expected to not only enjoy the fruits of growth, but also participate in and contribute to the growth process. Developing a common understanding of inclusive and equitable growth is critical for developing feasible policies in areas that impact both growth and inclusiveness: such as education, health, employment, sustainable urban development, and social protection among others. A challenge is to uncover the trade-offs among different policy options, as well as their likely complementarities.
While there is a general recognition of the need for inclusive growth, Mongolia like many other countries, faces diffuculties in using this concept for policymaking. Often, there are obstacles to implementing change and reaching consensus among different interest groups who may benefit from the status quo. Underlyaing challenges can also stem from lack of effective institutions and governance. it is important to increase awareness within civil society, the private sector, academia, and media of the need for, and the determinants of, inclusive growth.
The Dialogue will be organized as a Panel discussion. Prior to the start of the panel discussion there will be a brief presentation of the issues to structure the discussion. The panel discussion will be followed by an open exchange of views among all participants.
Issues for discussion
The purpose of the discussion is to understand what constitutes inclusvie growth in Mongolia and how it be promoted. Some of the questions for discussion by the panelists could include.
- What do we understand by Inclusive Growth? How shoud Inclusive Growht be defined in Mongolia?
- How can policy makers minimize possible trade-offs to ensure both growth and equity? Does inclusive growth suggest lower growth?
- Which pro-growth policies also promote inclusiveness? What are the challenges in designing and implementing inclusive growth policies.