31 OCT,2021 | MEDC
Public data needs optimal handling to produce the best results. Covid has forced policymakers to deal with multiple socioeconomic paradoxes defying standard theoretical frameworks, and so, alter their assumptions accordingly. Ideology has no place in the optimal use of data, and focus should remain on the quality of the granular data of socioeconomic indicators, rather than any obsession over headline numbers. Data is often used subtly to promote agendas. For example, we are (justifiably) proud of administering a billion vaccines, but we should not forget that China has already provided 2.2 billion vaccines to its citizens without any official celebration. That is the kind of attitude needed to promote development. The focus of public data should be simply to inform, rather than trying to impress anyone about anything. Only when we are able to do that – using the highest quality data available – can we consider ourselves a truly successful economy.
*Photo Credit: Google