THE DEVELOPMENT OF AN INCLUSIVE ECONOMY COULD GIVE IMPETUS TO THE FORMATION OF DIGITAL NEO-FEUDALISM

Abstract

At its core, an inclusive economy aims to create an economic system that benefits everyone and leaves no one behind. It goes beyond the traditional notion of GDP growth and focuses on improving the overall quality of life of all members of society. This perspective requires broadening the metrics used to assess economic success to include factors such as health, education, and social mobility. One of the key components of developing an inclusive economy is called “financial inclusion” – providing people with the means to access, use and benefit from all financial services, such as bank accounts, credit, insurance, pension savings and investment products. McKinsey Global Institute's (MGI) estimates that to achieve approximate equality of opportunity for the world's population, additional resource growth from GDP would be needed at approximately 8 percent per year in the coming decades! The MGI puts productivity growth at the heart of the solution. Globally, increasing productivity by about one percentage point a year, and upskilling 10 percent of the workforce to move into more productive sectors, could close up to two-thirds of the empowerment gap over the next decade. This upskilling depends on businesses creating more productive jobs and equipping workers with the skills to do them effectively (McKinssey&Company. 2024). Our research in the field of labor productivity shows that despite the development of digital technologies and artificial intelligence, in the conditions of widespread slowdown in GDP growth, long-term inflationary processes, aggressive sanctions and customs policies, there is no possibility of sustainable growth in labor productivity (Baltgailis J., Simakhova A., Buka S. 2025). It seems that global structures see overcoming this slowdown in the universal introduction of digital currencies into the financial system, allowing state institutions, coupled with private digital giants, to take full control of transactions of the population and business, which, as stated: “Integrating economic inclusion into DEI ( Diversity, Equity, and Inclusion) efforts enables broader societal changes that empower individuals and strengthen communities, ultimately contributing to a more just and resilient economy” (Oxford Review.2025). In our opinion, the emerging system of economic blocs and countries, the contradictions between state institutions and private digital giants, the division of the financial sector into centralized and decentralized do not allow us to talk about the prospects for the formation of an inclusive economy in the near future. The goals and objectives for the development of an inclusive economy, which are proclaimed and developed by the state, often coincide with or are close to the goals and objectives of digital platforms and large corporations, which does not reflect reality and forms neo-feudal prospects for the economic development of the global world economy.