The goal of shared prosperity includes two key elements: economic growth and equity. Without sustained growth, the poor are unlikely to increase their living standards, participate in broad ownership, or enjoy equitable use of land and resources.
published in Lights of Irfan, 16, pages 199-222 Wilmette: Haj Mehdi Armand Colloquium, 2015
Abstract: The goal of shared prosperity captures two key elements, economic growth and equity. Without sustained economic growth, poor people are unlikely to increase their living standards. Effective corrective action will require a number of approaches, including: every person having access to an income adequate to meet basic needs and favouring those who produce real value through productive work; recycling wealth from those who have far more than they need at the top to those at the bottom who lack access to the basic essentials; equitable land use and development policies; broad participation in ownership and access to commonwealth.