The Assessment of the Effectiveness of Reforms in Various Countries by the Integral Index of Reforms and Prosperity
Author(s): Samson Davoyan, Ashot Davoyan, Tatevik Sahakyan
Abstract: The governments of different countries developed programs to implement reforms and try to surmount challenges related to them, but those countries implement the programs with different comparative efficiency. We suppose that the results of those reforms are expressed in various indexes by different international and non-government organizations. On the purpose for our research we consider more important the following indexes, as their integrity will represent the features of the social-economic development of each country. From this point of view, during the last decades there have been various indexes developed by different international organizations and non-government corporations (The Bertelsmann Stiftung’s Transformation Index, Global Peace Index, Global Innovation index, KOF Index of Globalization, Human Development Index, The Corruption Perception Index), which are used to assess the institutions of different fields. Based on the new methodology, suggested by us, we have tried to create more integral index based on the following indexes, which trend will give an opportunity to assess the comparative efficiency of various reforms for different countries (35 developing countries and countries in transition and 20 developed countries).
Keywords: Innovation, peace, global, reforms, competitiveness, freedom, prosperity, democracy, corruption, globalization
Pages: 571-581WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 11, 2014, Art. #53