science

Inclusive Development Index

Inclusive Development Index is a science topic covered in the lgStudy science library. This page brings together a partial reference excerpt, illustrations, worked examples, real-world applications and a short study plan, so you can understand Inclusive Development Index rather than just read about it. In short: The Inclusive Development Index (IDI) is an annual economic index introduced by the World Economic Forum System Initiative on Shaping the Future of Economic Progress in 2017. The IDI ranks countries' economic performance in three pillars: growth and development, inclusion, and intergenerational equity and sustainability.

Key takeaways

Inclusive Development Index belongs to science; place it in that map before memorising details.
Learn the definition first, then one example that makes the definition concrete.
Connect Inclusive Development Index to a quantity you can measure, compute or draw — that is where exam questions come from.
Reproduce the core statement of Inclusive Development Index from memory before moving on to harder problems.

Reference excerpt

The Inclusive Development Index (IDI) is an annual economic index introduced by the World Economic Forum System Initiative on Shaping the Future of Economic Progress in 2017. The IDI ranks countries' economic performance in three pillars: growth and development, inclusion, and intergenerational equity and sustainability. This initiative aims to inform and enable sustained and inclusive economic progress through deepened public-private cooperation through thought leadership and analysis, strategic dialogue and concrete cooperation, including the acceleration of social impact through corporate action. In the IDI, countries are given a score from 1 to 7. The greater inclusivity, the higher the score. According to 2018 IDI, the leading economy is Norway, with 6.08, followed by Iceland (6.07) and Luxembourg (also 6.07). Unlike the gross domestic product (GDP), the IDI measures "...the level and rate of improvement in shared socioeconomic progress".

See also Commitment to Development Index Human Development Index Inclusive growth Smart growth

References

External links World Economic Forum The Inclusive Development Index 2018

Worked examples

Example 1 — a first encounter with Inclusive Development Index

Start with the simplest possible case. Write down what Inclusive Development Index claims or describes in one sentence, then invent the smallest concrete situation in which that sentence is true. In science, the smallest case is usually a single object, a single equation or a single measurement. Check that every symbol or term in your sentence has a meaning in that case.

Example 2 — changing one variable

Take the situation from Example 1 and change exactly one quantity: double it, halve it, or set it to zero. Predict what should happen to Inclusive Development Index before you calculate. Comparing your prediction with the result is the fastest way to find out whether you understand the idea or only the words.

Example 3 — an exam-style question

Typical questions about Inclusive Development Index ask you to (a) state it precisely, (b) apply it to given data, and (c) explain a limitation. Practise writing all three answers in under five minutes; the third part is what separates a full-mark answer from an average one.

Applications of Inclusive Development Index

In research: Inclusive Development Index appears in science research whenever the underlying quantities have to be modelled precisely. Papers usually cite it as a starting assumption and then explore where it breaks down.
In technology and industry: Engineering practice reuses Inclusive Development Index in design rules, simulations and safety margins. Knowing the idea lets you read a specification sheet and understand why the numbers look the way they do.
In the classroom: Inclusive Development Index is common in secondary-school and first-year university syllabi. It links to neighbouring topics Macroeconomic indicators, Macroeconomics stubs, so understanding it makes those chapters shorter.
In everyday life: Look for Inclusive Development Index outside the textbook — in sport, cooking, traffic, electronics or the sky above you. An example you found yourself is remembered far longer than one you were given.

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How to study Inclusive Development Index in 20 minutes

Read the reference excerpt below once, without taking notes.
Close the page and write down what Inclusive Development Index means in your own words.
Compare your version with the excerpt and mark what you missed.
Work through the three examples above with pen and paper.
Explain Inclusive Development Index out loud to somebody else — or to Teacher Smith in the lgStudy chat.

Frequently asked questions

What is Inclusive Development Index in simple terms?

Why does Inclusive Development Index matter?

Because it connects several science ideas at once: it gives you a definition you can apply, a quantity you can calculate, and a way to check whether a result is plausible.

How should I study Inclusive Development Index?

Read the excerpt, restate it from memory, then work through the examples and applications listed on this page. The five-step study plan above takes about twenty minutes.

What does this page cover?

It gives you a compact reference excerpt plus original lgStudy explanations, examples, applications and study material on Inclusive Development Index.