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Inclusive Development Index: Difference between revisions

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'''The Inclusive Development Index''' (IDI) is an annual economic index introduced by the [[World Economic Forum]] System Initiative on Shaping the Future of Economic Progress in 2017. The IDI ranks countries' economic performance in three pillars: growth and development, inclusion, and [[intergenerational equity]] and [[sustainability]].<ref>{{cite web |title=WEF – The Inclusive Development Index 2018 |url=https://etradeforall.org/wef-inclusive-development-index-2018/ |website=eTrade for all |accessdate=12 August 2020}}</ref>
TheThis IDI is a project of the World Economic Forum's System Initiative on the Future of Economic Progress, whichinitiative aims to inform and enable sustained and inclusive economic progress through deepened public-private cooperation through thought leadership and analysis, strategic dialogue and concrete cooperation, including bythe acceleratingacceleration of social impact through corporate action.
development, inclusion, and [[intergenerational equity]] and sustainability.
 
The IDI is a project of the World Economic Forum's System Initiative on the Future of Economic Progress, which aims to inform and enable sustained and inclusive economic progress through deepened public-private cooperation through thought leadership and analysis, strategic dialogue and concrete cooperation, including by accelerating social impact through corporate action.
In the IDI, countries are given a score from 1 to 7. The greater [[Social exclusion#Social inclusion|inclusivity]], the higher the score. According to 2018 IDI, the leading economy is Norway, with 6.08, followed by Iceland (6.07) and Luxembourg (also 6.07).<ref>{{cite web |last1=Duffin |first1=Erin |title=Leading advanced economies according to the Inclusive Development Index in 2018 |url=https://www.statista.com/statistics/686323/inclusive-development-index-advanced-economies/ |website=Statista |accessdate=12 August 2020}}</ref>
 
Unlike the [[Gross Domestic Product]] (GDP), the IDI measures "...the level and rate of improvement in ''shared'' socioeconomic progress".<ref>{{cite book |title=The Inclusive Development Index 2018-Summary and Data Highlights |date=2018 |publisher=World Economic Forum |location=Cologny/Geneva Switzerland |page=2 |url=http://www3.weforum.org/docs/WEF_Forum_IncGrwth_2018.pdf |accessdate=12 August 2020}}</ref>
 
==See also==
* [[Commitment to Development Index]]
* [[Human Development Index]]
* [[Inclusive growth]]
* [[Smart growth]]
 
==References==
<references />
 
==External links==
* [https://www.weforum.org/ World Economic Forum]
* [https://www.weforum.org/reports/the-inclusive-development-index-2018 The Inclusive Development Index 2018]
 
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[[Category:Macroeconomic indicators]]