The Inclusive Development Index

World Economic Forum

On the occasion of the latest World Economic Forum (WEF) in January 22, the 2018 Inclusive Development Index (IDI) was published, measuring the level of growth and development in 103 countries.

The index ranks countries by their current level of development on three vectors: growth & development, inclusion and intergenerational equity.  It also considers a set of key performance indicators, including Gross Domestic Product.

The forum was convened under the tagline “Creating a Shared future in a Fractured World” and one of the most outstanding novelties in this year’s IDI was its identification of 15 areas of economic policy that can contribute to greater growth at the same time as fostering social participation.

Of the 29 advanced economies it analyses in 2018, Norway is the most inclusive country, followed by Iceland, Luxembourg, Switzerland and Denmark.

The emerging economies that the IDI rates highest are Lithuania, Hungary, Latvia and Poland, which in the Latin-American countries, Panama is ranked sixth, while Uruguay and Chile hold the eighth and ninth place, respectively.

The report on the IDI findings shows the importance of public-private partnerships in fostering a people-centred growth model that pivots around the domestic economic policy and international economic integration.