Transforming Economic Growth into Inclusive Development: An International Analysis

Abstract

This paper conducts a critical analysis on growth and development in world countries. Using different dimensions featured in the development of several synthetic indexes, it analyzes the relationship between wealth and development estimates. It therefore uses the indicator developed by the World Development Forum, the Inclusive Development Index, turned into complementary economic estimators for different scenarios. Its results allow us to identify key factors for robust synthetic indicators and detect the dimensions and variables of development that have a greater impact on the ranking of countries.