Social exclusion - some targets and facts from the European Union and implications for economic growth

• Authors: Magdalena Tusińska
• Languages of publication: EN

Abstracts

EN

On the background of inconclusive evidence about the income inequality-economic growth relation, this paper suggests that the level of exclusion (a blend of multi-dimensional and mutually reinforcing processes of deprivation), aside from the social aspects, negatively affects economic growth (especially in the case of developed countries). However, it is not mainly about the interrelation between the phenomena but also about finding the channels that lead from exclusion to growth. Identifying them allows us to answer questions about the legitimacy of some recent efforts made in the European Union (EU) . The global crisis has contributed not only to a deterioration of the EU's economy and public finances, but concurrently to European citizens' quality of life. It is difficult to deal with all issues at the same time because there is potential conflict between the achievement of wider social objectives and the pursuit of prudent macroeconomic policy. Thus, after a discussion about current European policy in the field of poverty and social exclusion, some good examples of effective practises are also described.(original abstract)

Keywords

EN

Social exclusion; Poverty; Economic growth; Financial crisis

PL

Wykluczenie społeczne; Ubóstwo; Wzrost gospodarczy; Kryzys finansowy

• Publisher: Instytut Naukowo-Wydawniczy "SPATIUM"
• Journal: Central European Review of Economics & Finance
• Year: 2016
• Issue: Vol. 14, No 4
• Pages: 49-63

Contributors

author

Magdalena Tusińska

• University of Economics in Katowice, Poland

References

• Ballesteros, C. (2014). Banki mogą być etyczne from http://csr.forbes.pl/bankowosc- etyczna-w-europie,artykuly,177474,1,1.html
• Becker, G. S. & Nashat Becker, G. (2006). Ekonomia życia. Helion, Gliwice.
• Blanchard, O. & Summers, L. (1986). Hysteresis and the European Unemployment Problem, NBER Macroeconomics Annual, MIT Press, Cambridge, MA.
• Von Braun, J. & Gatzweiler F. W. (2014). Marginality. Addressing the Nexus of Poverty, Exclusion and Ecology. Springer.
• Dell' Anno, R. & Amendola, A. (2015). Social exclusion and economic growth: an empirical investigation in European economies. Review of Income and Wealth, June, 61(2).
• Cohen, S. I. (2001). Microeconomic Policy. Taylor and Franis Group, Routledge, London and New York.
• Deininger, K. & Squire, L. (1998). New ways of looking at old issues: asset inequality and growth. Journal of Development Economics, LVII (1998), 259-287.
• Draft thematic guidance fiche for desk officers. Thematic objective 9: SOCIAL INCLUSION VERSION 2 - 27/01/2014.
• European Commission (2010), Europe 2020. A strategy for smart, sustainable and inclusive growth. Brussels, 3.3.2010 COM(2010) 2020 final.
• European Commission, (2014). General Report on the Activities of the European Union. Brussels.
• Febea (2011). Atlas dobrych praktyk inkluzji społecznej i zawodowej. Finanse etyczne na rzecz aktywnej Europy. Warszawa.
• Febea (2010). The Atlas of job creation. Good practises for social inclusion. Ethical finance for an Active, creative and solidarity-based Europe. Brussels.
• Galor, O. & Zeira, J. (1993). Income Distribution and Macroeconomics. Review of Economic Studies, 60, 35-52.
• Kuznets, S. (1995), Economic growth and income inequality. American Economic Review, XXXXV, 1-28.
• Lucas, R. Jr. (2003). The Industrial Revolution: Past and Future. 2003 Annual Report Essay. Federal Reserve Bank of Minneapolis from http://www.minneapolisfed. org/publications_papers/pub_display.cfm?id=3333 (access: 30.09.2015)
• Mayes, D. (2001). Social Exclusion: a challenge to macroeconomic policy. National Centre for Research on Europe University of Canterbury, Bank of Finland from www.europe.canterbury.ac.nz/publications/pdf/ncre0201_mayes.pdf
• Okun, A., Equality and Efficiency: The Big Tradeoff from http://www.aspeninstitute. org/sites/default/files/content/docs/OKUN_EQUALITY_AND_ EFFICIENCY_%28AS08%29.PDF
• Pęciak, R. & Tusińska, M. (2015). The fight against poverty in the European Union - expectations versus reality. Journal of International Studies, 8(2), 114-129.
• PSE, http://www.poverty.ac.uk/definitions-poverty.
• Radziukiewicz, M. (2008). W kierunku dialogu o spójności społecznej. Dialog.
• Stromach, T. (2014). Charity Begins at Home: Cultural Differencies in Social Discounting and Generosity. Journal of Behavioral Decision Making, July.
• Thorbecke, E. & Charumilind, Ch. (2002). Economic Inequality and Its Socioeconomic Impact. World Development, 30(9).
• Tilford, S. & Whyte, Ph. (2010). The Lisbon scorecard X The road to 2020. Centre for European Reform.
• TISE, https://tise.pl/social-and-economic-investment-company-tise-sa/
• Wilkinson, R. & Pickett K. (2009). The Spirit Level. Why More Equal Societies Almost Always Do Better. Allen Lane.
• Williams, J. R., Masuda, Y. J. & Tallis, H. (2015). A Measure Whose Time has Come: Formalizing Time Poverty. Soc Indic Res, Springer Science+Business Media Dordrecht, DOI 10.1007/s11205-015-1029-z
• Wójcik-Żołądek, M. (2012). Ubóstwo i wykluczenie społeczne w Polsce. Infos, Biuro Analiz Sejmowych, 4(118).
• Zweimüller, J. (2000). Inequality, Redistribution, and Economic Growth, Empirica, Kluwer Academic Publishers, 27, 1-20