The population’s prosperity and standard of living are among the most visible effects of good governance. Material well-being can be investigated in several ways. The first refers to the size and persistence of revenue at national level. The more sensitive aspects refer to the way revenues are distributed in a society: the extent of material inequality, but also the percentage of population affected by poverty. A society with severe inequalities, even if it is a prosperous society, with a competitive economy, is not viable in the long term. Likewise, a country with high at-risk-of-poverty or social exclusion rates is a country whose government is unable to design or implement effective policies to increase citizens’ welfare. [read more]
We must mention here that Europe 2020 strategy promotes social inclusion, aiming to reduce poverty as a distinct strategy target; in terms of key indicators, the target is to have at least 20 million fewer people in or at risk of poverty and social exclusion by 2020.
The main and secondary indicators selected for this subfield highlight essential aspects, such as: GDP per capita in Purchasing Power Standards (PPS) (PPS is a conventional currency unit which eliminates the differences of price levels between member states), S80/S20 income quintile share ratio (an indicator that reflects social inequality) and at-risk-of-poverty rate after social transfers. Each of these indicators reflects one of the above-mentioned relevant aspects.
It is competence that makes the difference!
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