In an effort to advance the conceptualization of Inclusive Economies, our research team developed an indicator framework for measuring progress towards economic inclusivity. The Rockefeller Foundation defines an inclusive economy as one in which there is expanded opportunity for more broadly shared prosperity, especially for those facing the greatest barriers to advancing their well-being. Specifically, they define an inclusive economy as one that is equitable, participatory, growing, sustainable and stable.
This report provides a summary of our research and recommendations for indicators to measure inclusive economies. We begin by reviewing the evolution of the concept of an inclusive economy, which emerges from earlier interest in pro-poor growth and inclusive growth. This is followed by a review of existing indicator initiatives around the globe that attempt to measure inclusive economies and related concepts, with particular attention given to the theories of change that underpin their approaches, and how these are used to effectuate change. The bulk of the report then provides our specific recommendations for indicators. The report concludes with a discussion on broader issues that emerged from this research and related conversations with key stakeholders, particularly about the role of indicators shaping future work, as well as actually measuring progress.