El Índice de Desarrollo Inclusivo 2018 | WEF

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The Inclusive Development Index 2018 Summary and Data Highlights Slow progress in living standards and widening inequality

stability policies is a key reason for many governments’ failure

have contributed to political polarization and erosion of

in recent decades to mobilize a more effective response to

social cohesion in many advanced and emerging economies.

widening inequality and stagnating median income as

This has led to the emergence of a worldwide consensus

technological change and globalization have gathered force.

on the need for a more inclusive and sustainable model of growth and development that promotes high living standards for all.

This policy imbalance is reinforced by the prevailing metric of national economic performance, the gross domestic product (GDP), which measures the aggregate amount of goods and

To help narrow the gap between aspiration and action,

services produced in an economy. Most citizens evaluate their

the World Economic Forum System Initiative on Shaping

respective countries’ economic progress not by published

the Future of Economic Progress last year introduced a new

GDP growth statistics but by changes in their households’

economic policy framework and performance metric in its

standard of living — a multidimensional phenomenon that

Inclusive Growth and Development Report 2017. The

encompasses income, employment opportunity, economic

framework identifies 15 areas of structural economic policy

security, and quality of life. And yet, GDP growth remains the

and institutional strength that have the potential to contribute

primary focus of both policymakers and the media, and is still

simultaneously to higher growth and wider social participation

the standard measure of economic success.

in the process and benefits of such growth.

What gets measured gets managed, and the primacy of GDP

The structural policies and institutions in these domains

statistics tends to reinforce the amount of attention paid by

collectively represent the system through which modern

political and business leaders to macroeconomic and financial

market economies diffuse gains in living standards.

stability policies, which influence the overall level of economic

Governments often fail to appreciate the potential of policy

activity, relative to that paid to the strength and equity of

in these areas to increase the rate of growth and spread its

institutions and policy incentives in such areas as skills

benefits more widely, particularly in demand-constrained

development, labor markets, competition and rents, investor

and low-productivity contexts. Underemphasis of these

and corporate governance, social protection, infrastructure,

policies relative to macroeconomic, trade, and financial

and basic services. These play an important role in shaping


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