April 24, 2024

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[THE INVSETOR] The World Economic Forum‘s “Inclusive Growth and Development Report 2017,” released on Jan.16 said that most countries are missing important opportunities to raise economic growth and reduce inequality at the same time because the growth model and measurement tools that have guided policymakers for decades require significant readjustment.

The Inclusive Development Index is based on 12 performance indicators. In order to provide a more complete measure of economic development than gross domestic product growth alone, the index has three pillars -- growth and development, inclusion and intergenerational equity and sustainability.

Among advanced economies, Norway is at the top, followed by Luxembourg (2nd), Switzerland (3th), Iceland (4th) and Denmark (5th). Other nations rounding out the top 10 advanced economies are Sweden (6th), the Netherlands (7th), Australia (8th), New Zealand (9th) and Austria (10th).

(theinvestor@heraldcorp.com)