Fueled by my research on Expatriates Relative Hardship, I came across a recent 2008 Legatum Prosperity Index: An Inquiry into Global Wealth and Wellbeing hosted by Prosperity web site. The Prosperity Index debuted in 2007, and a second edition issued in 2008. In its mission statement:
“The purpose of the Prosperity Index is to encourage policymakers, scholars, the media, and the interested public to take a holistic view of prosperity and understand how it is created. Holistic prosperity extends beyond just material wealth, and includes factors such as social capital, health, equality of opportunity, the environment, effective governance, human rights and liberties, and overall quality of life.”
The Prosperity Index is composed of Economic Competitiveness [EC] and Comparative Liveability [CL]. They were evaluated separately and then weighted equally. A lengthy exposition of Methodology, Data and Findings is also available for download here, but basically the index was developed through a rigorous testing of hypotheses, theoretical literature reviews, and statistical assessments of data collected through polling and myriad of face-to-face or phone interviews.
What was interesting, aside from per country profiles and downloadable reports, is that the website features the Prosperiscope™, where one can interactively compare two or more countries in one chart: spider, column, or bar chart, for 22 various indicators such as: Invested Capital, Good Governance [EC] (including quality of Public Services), Competitive Markets (including consumer price indices), Better Education, Economic Openness, Commercializing Innovation, Entrepreneurship, Dependence on Foreign Aid, Dependence on Commodity Exports, Freedom of Choice, Equal Opportunities, Good Governance [CL] (including political rights and civil liberties), Pleasant Environment, Moderate Climate, Time for Leisure, High Incomes (based on Purchasing Power Parity), Better Health, Low Unemployment, Family Life, Community Life, Religious Belief, and Religious Freedom. [Note: indicators in boldface were those discussed in previous posts].
Hereunder are the snapshots of the comparative results for India and the Philippines.
Spider Chart Snapshot The 2008 Legatum Prosperity Index
Spider Chart Snapshot from The 2008 Legatum Prosperity Index
Bar Chart Snapshot from The 2008 Legatum Prosperity Index.
Bar Chart Snapshot from Chart Snapshot from The 2008 Legatum Prosperity Index
In the Bar Chart above, the bar for India’s Good Governance (Comparative Liveability) is not shown because it scored zero in that indicator.
The 2008 Legatum Prosperity Index of 104 countries clarifies:
“The Philippines “tied at 52nd with Trinidad and Tobago, the Philippines’ consistent scores across the indicators leave it ranked similarly in Economic Competitiveness (53rd) and Comparative Liveability (56th). Its low levels of capital, weak innovation scores and low income are balanced by a warm climate and high levels of religious belief.”
Meanwhile, for India:
“ties for 70th place with Ukraine. Its Economic Competitiveness rank is 57th, and its Comparative Liveability rank is lower at 80th place. This low score for Comparative Liveability is in part a result of very low incomes for the many Indians living in poverty.”
That’s very good to know!
A visit to the site is highly recommended!
Notes:
Legatum Institute (2009a). 2008 Legatum Prosperity Index: An Inquiry into Global Wealth and Wellbeing Online: Legatum Institute, October 2008. back to text
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Comment by Ex Back — 9.April.2009 @ 20:20 |