| 英文摘要 |
Western democracies have experienced vast changes in recent years, starting from the rise of populist right parties in the European Parliament election in 2014, Brexit in the referendum in 2016, to a number of unexpected general election results in the US and the EU. One common characteristic of these unexpected events was that it was the left-behind and economically disadvantaged voters who delivered such results. Trade protectionism and populist nationalism were their answers to ever-growing economic inequality. While political and business elites appealed to inclusive capitalism to address the economic inequality, no holistic, realistic policy combination was ever proposed. This paper is an attempt to translate inclusive capitalism from aspiration to systematic policy actions by employing an Inclusive Development Index (IDI) to the study of an indicative country-Denmark. It was found that those areas which Denmark has been performing well in were areas surrounding acquired equal opportunities: quality public education, health and active labor market policies for developing personal capability from childhood to adulthood; uncorrupted public services and business-friendly legal and tax regimes for facilitating market competition from business creation to operation, especially for small businesses. Governance was key to the functioning of this self-producing policy eco-system, centrally staged as a big investor and enabler for both labor and capital. The distinctive thinking underpinning policy-making- treating economic policies as social policies and vice versa, reconciled economic growth and distributive justice simultaneously, resulting in inclusive capitalism in day-to-day realities. The Danish formula has shown that it was not capitalism that needed to reform, it was the prevailing liberalist orthodoxy that guided governance that was in desperate need of overhaul. |