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Legatum Prosperity Index

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The Legatum Prosperity Index is an annual ranking developed by the Legatum Institute of 104 countries, according to a variety of factors including wealth, economic growth, personal wellbeing, and quality of life.[1][2] The Legatum Institute is comprised mainly of former members of the George W. Bush administration. Australia topped the list of the 2008 report.[1][2]

File:Pibook.jpg
The 2008 Legatum Prosperity Index Report

Methodology

The 2008 Legatum Prosperity Index is based on 44 different indicators analysed across 104 nations around the world. Source data includes Gallup World Poll, WTO, World Development Indicators, GDP, WIPO, UN Human Development Report, World Bank, OECD, World Values Survey. Oxford Analytica is Legatum's research partner for the Prosperity Index and contributed the methodology and analysis. Detailed information about the 2008 Legatum Prosperity Index, the rankings and methodology are available at www.prosperity.com.

Rankings

Top 30
1.  Australia 6.  United States 11. Netherlands 14. Belgium 21. Taiwan 26. South Korea
2.  Austria 7.   Switzerland 12. Sweden 14. Canada 22. Spain 27. Chile
3.  Finland 8.  Hong Kong 13. Japan 14. United Kingdom 23. Slovenia 28. UAE
4.  Germany 9.  Denmark 14. Norway 19. Israel 23. Czech Republic 29. Malaysia
5.  Singapore 10. New Zealand 14. France 20. Ireland 25. Italy 30. Kuwait


Bottom 20
85.  Pakistan 90.  Bolivia 94.  Nigeria 100.  Tanzania
86.  Ghana 90.  Cambodia 96.  Mozambique 101.  Central African Republic
87.  Nicaragua 92.  Senegal 96.  Kenya 102.  Mali
88.  Ecuador 93.  Cameroon 98.    Nepal 103.  Zambia
89.  Bangladesh 94.  Sudan 99.  Zimbabwe 104.  Yemen

Legatum Institute

The Legatum Institute, the publisher of the index, is a privately-funded think-tank founded in 2007 and headquartered in Dubai. It is funded by Legatum Capital, a portfolio investment fund manager.[3]

Personnel

The Prosperity Index is reviewed and critiqued (although not necessarily endorsed in toto) by an advisory panel of academics and scholars representing a range of disciplines and includes: Dr. Daniel Drezner (Tufts University); Dr. Peter Feaver (Duke University); Dr. Robert Jensen (University of California, Los Angeles); Dr. Stephen Krasner (Stanford University); Dr. Michael Kremer (Harvard University); Dr. Philip Levy (American Enterprise Institute); Dr. Edmund Malesky (University of California, San Diego); Dr. Ann Owen (Hamilton College); Dr. Robert Putnam (Harvard University).

One of the main authors of the 2007 report, Will Inboden, was a senior white-house official in the administration of George W. Bush.[3]

References

  1. Sydney Morning Herald - "Australia Tops Prosperity Index", 14 October 2008
  2. Economic Times - "India Behind Other Emerging Markets in Promoting Prosperity", 14 October 2008
  3. Forbes.com - "United States Should Respect Integrity of Existing Economic Fundamentals, Legatum Prosperity Index Says" , 14 October 2008
  4. Intute Educational Resource reference to Prosperity Index
  5. Rediff India - "Poor Ranking For India In Global Prosperity Survey"
  6. World Bank External Governance Dataset & Indicators
  7. Guardian (UK) - "UK Lags Behind in Prosperity League"
  8. Daily Mail (UK) - "UK Below Mexico in World League of Wealth and Happiness"
  9. Straits Times - "Singapore Leads Asia in New Prosperity Index"
  10. Allbusiness.com discusses the Index