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The “Inclusive Development Index 2017” (IDI), a new global index from the World Economic Forum (WEF) was published this week. As indicated in the “Inclusive Growth and Development Report 2017”, the IDI, which analyzes 109 countries, conveys “ a more integrated sense of the relative state of economic development – and recent performance – than conventional rankings based on GDP per capita alone”.
The IDI is hence an alternative ranking that shows many factors which can drive an inclusive growth process. It bases its calculation on different indicators, such as the advancement of living standards, poverty, inequality, environmental factors or social protection rather than on increased production of goods and services alone. As such, the IDI shows countries’ potential to...
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