INCLUSIVE GROWTH, FULL EMPLOYMENT, AND STRUCTURAL CHANGE

Implications and Policies for Developing Asia

Jesus Felipe Asian Development Bank jfelipe@adb.org

http://www.worldacademy.org/files/INCLUSIVE%20GROWTH%20LAUNCH%20Jesus%20Felipe.pdf

The Lie We Live

The main purpose of the system cannot be "to grow". At maximum, growth that can only be a mean to an end - to be happy. And not always grow is the path for human beings to be happier. But we've been following growth as the end to be achieved. We forgot our ultimate goal, the fundamental function of the system.

Need to redefine the fundamental function of the system, of our social-economic form of organization --> need to know ourselves better in order to know what makes us happy --> this is the meaning of being alive and should be the fundamental function of the system, around which we organize our social-economic activities