Social compacts for long-term inclusive economic growth in developing countries

The notion of a social compact between government, business, and civil society as a basis for long-term economic development and growth underpins economic models in many industrialised countries. The search for a new social order is pressing in developing countries where high levels of economic growth exposes the growing gaps between those who participate economically and those who are left behind. This creates new interest groups and alliances and sees old social orders collapse. Finding ways to bring about more inclusive development in developing countries through a social compact is the focus of this paper.