08 February 2018
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Image:
Richard Samans of the World Economic Forum. Photo: World Economic Forum/Ciaran McCrickard/Flickr/Creative Commons CC BY-NC-SA 2.0
The World Economic Forum (WEF) has developed a new metric of national economic performance as an alternative to GDP - the Inclusive Development Index (IDI) - which focuses on living standards and the futureproofing of economies.
It measures how 103 countries perform on 11 categories of economic progress in addition to GDP and focuses on three factors: growth and development, inclusion, and intergenerational equity or the sustainable...
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