The NextGen Value Creation Barometer 2023: Why Sustainable Value Creation for Young and Future Generations Matters in a Time of Polycrisis

Abstract

As a sub-index of the Elite Quality Index (EQx) 2023, the NextGen Value Creation Barometer measures the extent to which countries' economic models create or deplete value for young and future generations, focusing on five core categories: Ecology and Natural Capital; Equitable Opportunities; Education and Human Capital; Health and Well-Being; Innovation and Technology. We find that rankings in the Barometer differ substantially from the overall EQx, which underlines that the intergenerational value relationship, which the Baromter seeks to capture, is a distinct socio-economic phenomenon. While we find many smaller, European economies among the top 15 - with Denmark ranked first - the United States drops precipitously to # 76 in the Barometer, compared to # 21 in the overall EQx. In its concern for long-term Value Creation for young and future generations, the Barometer is a key impact project of the initiative for ‘A New Generational Contract’, which the St. Gallen Symposium launched together with the Club of Rome in May 2022.

Keywords: intergenerational, fairness, equity, long-term value, index, elites, elite quality, institutions, value creation, value extraction, economic development, political economy, global rankings, international business