Political Will-ACT Index: Measuring the Readiness of Countries to Cross Development Greyline
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.
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PDFDOI: https://doi.org/10.11114/aef.v9i2.5526
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Applied Economics and Finance ISSN 2332-7294 (Print) ISSN 2332-7308 (Online)
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