Mike Orszag, Urvi Shriram, Dennis J Snower, 13 March 2014

Economic performance is increasingly defined by the idiosyncratic characteristics of companies operating across national borders, making anachronistic the treatment of the country as the basic unit of economic analysis when measuring performance. This column presents a new way of measuring economic performance and describes the Economic Performance Index (EPI) developed by the Global Economic Symposium and Towers Watson. Heterogeneous activity at the industry level better informs decision-makers acting in specific contexts.