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Working Paper 257 - The Inclusive and Sustainable Transformation Index
A century or two from now, when future historians analyze and chronicle the story of economic development and try to identify its defining and foundational moments (the conceptual points in time when the world decided to establish some baselines of commonality), it is very likely that they will pick 2015, the year of the adoption of the Sustainable Development Goals (SDGs) and of the Paris Agreement on climate change, as a major inflexion point. These global treaties were milestones in the long struggle for building global consensus on international priorities, including specific objectives that the community of nations should strive for. Not surprisingly, even the most ambitious and transformational global objectives usually generate a (healthy) dose of incredulity: why should anyone believe in the promises of a better world when such goals set in the past had yielded little results, largely because they were predicated on the assumption that the global consensus that led to the signing of these two major international covenants will hold in countries at all levels of economic development?