by Michael E. Porter and Scott Stern
How do we measure development? The Social Progress Index was launched in 2013 as a holistic approach to benchmarking countries' social performance, independent of economic measures. SPI has been widely taken up on a global basis in evaluating national performance, and sub-national indices are proliferating at the regional and city level. In this lecture, Professor Porter describes the learning from SPI about the relationship between economic development and social progress, and explore the implications for development thinking and how the World Bank can best deliver on its "shared prosperity" goal.