Surplus economy versus inclusive economy
Journal Title: Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu - Year 2016, Vol 68, Issue 3
Abstract
The paper sets out from an assumption that, in a market economy, the fundamental growth barrier is that of demand. This results in a number of disproportions in socio-economic development, including waste stemming from the surplus economy model that is specific to highly developed countries. Surplus economy is characterized by a mismatch between the supply of goods and services and the demand for them. The key proposition put for the in the paper is that of the possibility to address the surplus economy syndrome by pro-inclusive transformations of the socio-economic system. In discussing the issue, it is suggested that inclusiveness is a value per se, while the inclusiveness of a socio-economic system is a crucial precondition of sustainable, harmonious development. Inclusiveness is here understood as a mechanism/system capable of constraining the waste of material resources and human capital. Putting such a system in place stands for a transition from surplus economy to modest economy. An inclusive socio-economic system is one oriented on optimizing the utilization of production capacity and bridging the gap between actual and potential economic growth and social development. The paper outlines the key elements of such a system. The issues are discussed from the perspective of Poland. The paper is based on statistical analyses and studies of subject literature.
Authors and Affiliations
Elżbieta Mączyńska
Keywords
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