ABSTRACT
Growth policy refers to the various government policies that influence the economic growth of a country. Some of those policies are explicitly geared toward promoting growth while others impinge upon growth even though they serve other objectives. While the central objective of a growth strategy is to foster economic growth, a growth strategy inevitably has significant ramifications for inequality. More recently, however, there is a growing recognition among developing Asia's policy makers that sustainable growth requires including the largest possible segment of the population in the economic growth process. Sustainable growth also requires spreading the fruits of growth to as much of the population as possible. Policy makers are aware of the increasingly vocal popular demand for more equality. For example, policy makers in the People's Republic of China (PRC) recently set forth the agenda for a 'harmonious society' to address the growing popular demand for a more inclusive growth process.
