UK based Legatum Institute conducted an annual prosperity survey of 104 countries and measured countries on prosperity – not just wealth, but factors such as health, education, safety, governance, support for entrepreneurship/innovation etc.
The nine sub-indexes/parameters are:
- Economic Fundamentals – a growing, sound economy that provides opportunities for wealth creation
- Entrepreneurship and Innovation – an environment friendly to new enterprises and the commercialization of new ideas
- Democratic Institutions – transparent and accountable governing institutions that promote economic growth
- Education – an accessible, high-quality educational system that fosters human development
- Health – the physical wellbeing of the populace
- Safety and Security – a safe environment in which people can pursue opportunity
- Governance – an honest and effective government that preserves order and encourages productive citizenship
- Personal Freedom – the degree to which individuals can choose the course of their lives
- Social Capital – trustworthiness in relationships and strong communities.
Here is a comparison of India/China/Israel and US on different parameters [India: Green, China: Blue, Israel: Red and US: Orange]
India beats China in all parameters except the ones which are most important to foster entrepreneurship – Innovation, Education and Health (Highly Recommended Read: Entrepreneurship: China vs. India Divide].
As far as Israel is concerned, it scores far above China and India – the results shows up in the quality of startups that Israel produces.
What’s your take on the study?