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Sunday, 5 June 2016

Theme 3: The 'Good' Country Index

The new specifications in A Level Economics challenges students to think a little more laterally about what is meant by economic progress and growth. While measuring GDP remains significant, an analytical student will include other measures to indicate how well a country or its economy may be performing. Here's an index that has been around for a few years but brings a different look at performance - the Good Country Index. By 'Good' the index is referring to how a country contributes to the planet and humanity through its policies and behaviours.
It ranks 163 countries, using a wide variety of data from many sources on 6 categories such as 'Contribution to Science and Technology' and 'Contribution to Prosperity and Equality'. These rankings are then averaged out to give an overall ranking. Sweden has been announced as the 'Goodest' country using this method and, guess what, the UK is ranked 4th in the world!

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