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

Year 2023, Volume: 5 Issue: 1, 44 - 57, 18.07.2023

Mahmut Zeki Akarsu

https://doi.org/10.47899/ijss.1241492

Cited By: 2

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

Economic Development, Social Development, Index, GDP

Supporting Institution

University of Warsaw

Ülke Gelişim Endeksi: Sosyoekonomik İlerlemenin Değerlendirilmesinde Bütüncül Bir Yaklaşım

Abstract

Küresel ekonomi geliştikçe, milli refahın sadece GSYİH'ya dayalı ölçümü giderek yetersiz hale gelmektedir. Bu yaklaşımın sınırlamaları, Ülke Gelişim Endeksi'nin geliştirilmesine öncülük etmiştir ve bu endeks, bir ülkenin ilerlemesini ve refahını değerlendirmenin nasıl yeniden tanımlanacağına dair bir hedef taşımaktadır. Gelir eşitliği, fırsatlara erişim ve demokratik değerler gibi çeşitli sosyal ve ekonomik göstergeleri içeren bu inovatif metrik, bir ülkenin refahının ve gelişiminin daha ayrıntılı ve bütüncül bir anlayışını sağlamayı amaçlamaktadır. Ülke Gelişim Endeksi'nin metodolojisi, geniş bir veri kaynağı ve göstergeler yelpazesinden faydalanarak sıkı ve çok yönlü bir yaklaşımı içermekte ve her ülke için bir bileşik skor üretmek için sofistike bir algoritma kullanmaktadır. Bu metodoloji, güvenilirliğinin ve geçerliliğinin sağlanması için sıkı test ve doğrulamalardan geçirilecektir. Sonuç olarak, Ülke Gelişim Endeksi, ülkeleri değerlendirmenin ve karşılaştırmanın yeniden tanımlanmasına ve insan refahı ve toplumsal ilerleme teşvik etmek için politikacılara güçlü bir araç sağlama potansiyeline sahiptir.

Keywords

Ekonomik Gelişim, Sosyal Gelişim, İndeks, GSYH

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