Araştırma Makalesi

The Country Development Index: A Holistic Approach to Assessing Socioeconomic Progress

Cilt: 5 Sayı: 1 18 Temmuz 2023
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The Country Development Index: A Holistic Approach to Assessing Socioeconomic Progress

Abstract

As the global economy continues to evolve, the traditional approach of measuring national prosperity based solely on GDP has become increasingly inadequate. The limitations of this approach have prompted the development of the Country Development Index, which aims to redefine how we evaluate a country's progress and well-being. By incorporating a diverse range of social and economic indicators, such as income equality, access to opportunities, and democratic values, this innovative metric seeks to provide a more nuanced and holistic understanding of a nation's prosperity and advancement. The Country Development Index's methodology involves a rigorous and multifaceted approach that draws upon a wide range of data sources and indicators, and uses a sophisticated algorithm to generate a composite score for each country. This methodology will be subjected to rigorous testing and validation to ensure its reliability and validity. Ultimately, the Country Development Index has the potential to revolutionize how we evaluate and compare countries, and to provide policymakers with a powerful tool for promoting human well-being and societal progress.

Keywords

Destekleyen Kurum

University of Warsaw

Kaynakça

  1. Acemoglu, D., Naidu, S., Restrepo, P., & Robinson, J. A. (2019). Democracy does cause growth. Journal of political economy, 127(1), 47-100.
  2. Alemán, E., & Kim, Y. (2015). The democratizing effect of education. Sage Research and Politics (Sage Research and Politics), 2(4), 1-7. 2053168015613360.
  3. Cervellati, M., & Sunde, U. (2009). Life expectancy and economic growth: the role of the demographic transition. IZA Paper No: 4160.
  4. Deaton, A. (2013). The great escape: health, wealth, and the origins of inequality. New Jersey: Princeton University Press.
  5. Deonandan, R. (2019). Defining poverty: a summary of competing models. The Asian Institute of Research Journal of Social and Political Sciences, 2(1), 17-21.
  6. Dynan, K., & Sheiner, L. (2018). GDP as a measure of economic well-being. Hutchins Center Working Paper #43 https://www.brookings.edu/wp-content/uploads/2018/08/WP43-8.23.18.pdf.
  7. European Commission (2020). Life expectancy. European Commission website. Accessed Jan 09, 2021. https://ec.europa.eu/health/indicators/docs/echi_10_ds_en.pdf.
  8. Farris, F. A. (2010). The Gini index and measures of inequality. The American Mathematical Monthly, 117(10), 851-864.

Ayrıntılar

Birincil Dil

İngilizce

Konular

Ekonomi

Bölüm

Araştırma Makalesi

Erken Görünüm Tarihi

17 Mayıs 2023

Yayımlanma Tarihi

18 Temmuz 2023

Gönderilme Tarihi

24 Ocak 2023

Kabul Tarihi

15 Mayıs 2023

Yayımlandığı Sayı

Yıl 2023 Cilt: 5 Sayı: 1

Kaynak Göster

APA
Akarsu, M. Z. (2023). The Country Development Index: A Holistic Approach to Assessing Socioeconomic Progress. İzmir Sosyal Bilimler Dergisi, 5(1), 44-57. https://doi.org/10.47899/ijss.1241492

Cited By

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Index Copernicus (Master List), Scilit, CrossRef, Harvard Library, EuroPub, OpenAIRE, Base, Academindex, IAD, Academic Resource Index (Researchbib), ASOS Index, Advanced Science Index, Türk Eğitim İndeksi, Academia.edu, Google Scholar, Scientific Indexing Services (SIS), ROAD, Internet Archive Scholar
tarafından taranmaktadır.

Yayıncı
İzmir Akademi Derneği
www.izmirakademi.org
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