Political Will-ACT Index: Measuring the Readiness of Countries to Cross Development Greyline

Ali Massoud

Applied Economics and Finance, 2022, vol. 9, issue 2, 1-20

Abstract: This paper aims to present a new index, the Political Will-ACT Index. The proposed index provides a measure for the readiness of low & middle income countries to cross development greyline. A line if a country cross mange to cross, it achieves sustainable development. The concept of Political Will-ACT merges political will with three other dimensions- ability, commitment, and tolerance.The paper concludes that for countries to achieve sustainable economic development, they have to fulfill four conditions- (1) Their political leaders should have clear vision for achieving sustainable development. (2) Their governments must be committed to their reform agendas & programs. (3) The ability of the government to mobilize enough resources needed for implementing reform agendas. (4) Countries must tolerate the economic agents during excuting reform programs & policies.

Date: 2022
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