Information For Readers

Objectives and Areas of Application of the Index Using the Index for Cross-Country Comparisons One of the main objectives of the New Generation Economic Index is to enable international comparisons of countries' development levels in line with the criteria of the "new economy". Since the methodology of the index is based on global databases (World Bank, UN, OECD, World Economic Forum, etc.) and international surveys, it is possible to adequately compare the results of different countries. Through this index, countries can determine their strengths and weaknesses, which are not revealed by traditional indicators, given their position in global competition. For example, thanks to the index indicators, gaps in the digital infrastructure or education quality of a country with a high GDP can be revealed. Thus, the NGI can be accepted as a single methodological basis based on fair principles for cross-country rankings, global development reports and comparative studies. Areas of application for domestic strategies and policies
The NGI results are a useful tool not only for international comparisons, but also for the formulation of domestic policies and strategies. Governments can identify priority areas for economic reforms based on the sub-indicators of this index. For example, if the results of the NDII reveal that the country is lagging behind in terms of digital infrastructure, it may be decided to allocate additional investment and strengthen strategic measures for the development of this area. At the same time, index indicators also serve as signals about criteria such as the level of human capital readiness, the innovation environment, and the degree of social inclusion, and can influence private sector investment decisions. In academic research, the NDII acts as a conceptual framework, providing a set of indicators for measuring the country's transition to a new generation economy. As a result, the index can be used as a valuable decision-making tool for both government agencies and the business and research community in determining priority areas in their activities and eliminating gaps. As a result, an opportunity is created to ensure rapid growth in the country's balanced development.