Written by: Joe Brennan
Reposted by: InterSearch Ireland
World Economic Forum measurement looks beyond economic growth data!
Ireland is the world’s eighth-most “inclusive” advanced economy, based on a measure from the World Economic Forum (WEF), which looks beyond economic growth data to examine living standards, environmental sustainability and protection of future generations from indebtedness.
The ranking marks an improvement on Ireland’s 12th place among 29 advanced economies in a previous report published by the WEF, organisers of the annual Davos conference taking place this week.
“Our reliance on GDP [gross domestic product] of national economic achievement is fuelling short-termism and inequality, and leaders must urgently move to a new model of inclusive growth and development,” according to the WEF report, published on Monday, on the eve of the four-day gathering in the Swiss ski resort.