Modern Indices for International Economic Diplomacy

Composite indices are used to track performance aspects of a country's economy and people, evaluate progress, and engage in policy dialogue. Modern Indices for International Economic Diplomacy compiles a spectrum of relevant indices for development and well-being.

Format: Paperback / softback
Length: 296 pages
Publication date: 04 April 2023
Publisher: Springer Nature Switzerland AG

Composite indices are widely employed by national and international organizations, governments, and corporations to monitor diverse facets of a country's economy and its population, assess progress, and actively participate in policy dialogues. These indices have demonstrated their utility as valuable communication tools and inputs into decision-making and policymaking processes over an extended period.

In the realm of international economic diplomacy, Modern Indices for International Economic Diplomacy presents a comprehensive compilation of relevant indices employed for benchmarking across nations. These indices encompass a wide range of development and well-being indicators, including:

The OECD Better Life Index: This index measures subjective well-being and quality of life, providing insights into factors such as employment, income, health, education, housing, and community engagement.

The Gini Index: The Gini Index measures income inequality by quantifying the distribution of income among individuals or households within a country. It provides a measure of the extent to which wealth is concentrated among a small percentage of the population.

The Gender Equality/Inequality Index: This index assesses gender equality by examining various dimensions, such as women's participation in the workforce, political representation, access to education and healthcare, and gender-based violence. It aims to gauge the level of gender disparities and promote gender equality.

The International Energy Security Risk Index: The International Energy Security Risk Index evaluates the vulnerability of countries to energy-related risks, such as supply disruptions, price fluctuations, and geopolitical tensions. It helps identify countries that may face energy security challenges and assesses the potential impact on their economic stability and development.

The Big Mac Index: The Big Mac Index measures the purchasing power parity of currencies by comparing the cost of a Big Mac burger in different countries. It serves as a proxy for the relative cost of living and provides insights into the economic performance of different regions.

The Country Risk Index: The Country Risk Index assesses the political and economic stability of countries, evaluating factors such as government stability, economic performance, political risk, and external factors such as natural disasters or conflicts. It helps investors and businesses make informed decisions about investment opportunities in different countries.

The Corruption Perceptions Index: The Corruption Perceptions Index measures the level of corruption in public institutions and government agencies. It provides insights into the transparency, accountability, and effectiveness of government systems, which can impact economic development and investor confidence.

The Global Terrorism Index: The Global Terrorism Index measures the frequency, intensity, and impact of terrorist acts and incidents worldwide. It helps assess the level of terrorist threat and the effectiveness of counterterrorism measures, which can have implications for international security and economic stability.

This book will be of significant interest to practitioners, policymakers, researchers, and students engaged in the study of international economic relationships. By providing a comprehensive overview of these indices, Modern Indices for International Economic Diplomacy offers valuable insights into development, well-being, inequality, energy security, and terrorism, enabling a deeper understanding of the complex dynamics shaping global economic interactions.

Weight: 420g
Dimension: 210 x 148 (mm)
ISBN-13: 9783030845377
Edition number: 1st ed. 2022