Article - Problems of Modern Economics

Gorbashko E. A.
Vice Rector for Academic Affairs, Head of the Chair of Economics and Quality Management, St. Petersburg State University of Economics, PhD (Economics), Professor
Titova A. V.
Assistant of the Rector for Academic Affairs, St. Petersburg State University of Economics, PhD (Economics)

International ratings of socio-economic development: retrospective analysis, present-day trends and perspectives (Russia, St. Petersburg)

The article discuss indices used for evaluation of socio-economic development and population’s wellbeing in various international ratings. The authors analyze correlational dependencies of selected indices and values of their components, show the impossibility to apply the summary indices under investigation to evaluate to evaluate the social well-being and sustainable development of the state. The article formulates recommendations for the development of summary indices that provide for the selection of optimal developmental trajectories both for a separate state and for the global community at large

Key words: globalization, index of global competitiveness, index of inclusive development, happiness rating, aims of sustainable development — 2030, global community, inclusiveness, generational succession

Pages: 86 - 91

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