THE PRACTICE OF APPLYING INCLUSIVE ECONOMIC THEORY FOR ECONOMIC DEVELOPMENT AND POVERTY REDUCTION

Abstract

This article develops various methods for resolving economic crises and financial difficulties in the countries of the world. Nevertheless, the analysis shows that the most important way to save the region from poverty is to introduce inclusive economic institutions.Economically inclusive institutions create inclusive markets that not only allow people to pursue careers that best suit their skills, but also create a level playing field for everyone to pursue their careers. When owners can start their own businesses, workers can work more efficiently, less profitable businesses are replaced by competitive ones.