Composite indices are used by national and international organisations, as well as governments and corporations, to track various performance aspects of a country's economy and its people, evaluate progress, and engage constructively in policy dialogue; and they have long proven useful as communication tools and inputs into decision-making and policymaking.

Modern Indices for International Economic Diplomacy compiles a spectrum of relevant indices for development and well-being used in benchmarking across nations, namely the OECD Better Life Index, the Gini Index, the Gender Equality/Inequality Index, the International Energy Security Risk Index, the Big Mac Index, the Country Risk Index, the Corruption Perceptions Index, and the Global Terrorism Index.

Vincent Charles is a Professor and Director of the Center for Value Chain Innovation at CENTRUM Católica Graduate Business School, Pontifical Catholic University of Peru, Lima, Peru.

 Ali Emrouznejad is a Professor and Chair in Business Analytics at Surrey Business School, The University of Surrey, UK.