Norway tops 2010 Prosperity Index / News / The Foreigner

Norway tops 2010 Prosperity Index. Norway is the most prosperous country in the world. This makes it the second time in a row, according to the 2010 Prosperity Index (LPI), conducted by think tank the Legatum Institute in London. 110 countries were assessed, and the first three places are occupied by three Nordic countries, Norway, Denmark, and Finland, followed by Australia, New Zealand, Sweden, Canada, Switzerland, the Netherlands and the United States. British Labour politician Lord Peter Mandelson, who launched the LPI yesterday, writes in an article for the Wall Street Journal “…it is my firm belief—and history has shown it to be true—that wealth alone does not make for a happy and successful society. Happy citizens are produced as much by democracy, freedom, and entrepreneurial opportunity as they are by a growing economy.”

legatum, institute, london, prosperity, index, norway, scandinavia, nordics, lord, peter, mandelson, labour, oestre, toten



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Norway tops 2010 Prosperity Index

Published on Wednesday, 27th October, 2010 at 10:39 under the news category, by Ramona Tancau and Michael Sandelson   .
Last Updated on 27th October 2010 at 10:56.

Norway is the most prosperous country in the world. This makes it the second time in a row, according to the 2010 Prosperity Index (LPI), conducted by think tank the Legatum Institute in London.

Fjord on a rainy day
Fjord on a rainy day
Photo: (C) 2004 by Schlaubi/Wikimedia Commons


110 countries were assessed, and the first three places are occupied by three Nordic countries, Norway, Denmark, and Finland, followed by Australia, New Zealand, Sweden, Canada, Switzerland, the Netherlands and the United States.

British Labour politician Lord Peter Mandelson, who launched the LPI yesterday, writes in an article for the Wall Street Journal “…it is my firm belief—and history has shown it to be true—that wealth alone does not make for a happy and successful society. Happy citizens are produced as much by democracy, freedom, and entrepreneurial opportunity as they are by a growing economy.”

The annual LPI is a complex formula developed four years ago, “based on foundations of prosperity”, that measures both the wealth of the country and the quality of life of its citizens. The Legatum Institute claims it is “the world’s only global assessment of wealth and wellbeing”.

Eight prosperity pillars are assessed: national development in terms of the strength of the economy, entrepreneurship and opportunities, effectiveness of government, the quality of healthcare and education, safety and security, personal freedom and social capital.  

Some of the key discoveries of the index are that the countries ranking highest are democracies, that choice and opportunities make people happier than wealth does, and that larger countries have more challenges in becoming prosperous.

However, the UK came 13th. According to NRK, which covered the story on yesterday’s morning radio news, the BBC World Service rang a Brit living in Østre Toten municipality to find out why he thought Britain lags so far behind Norway.

“The welfare state is very fair, I’m a big fan of it…[however], the British pubs are always the best, and that is the big thing I miss about Norway,” said Mick Derrick.



Published on Wednesday, 27th October, 2010 at 10:39 under the news category, by Ramona Tancau and Michael Sandelson   .
Last updated on 27th October 2010 at 10:56.

This post has the following tags: legatum, institute, london, prosperity, index, norway, scandinavia, nordics, lord, peter, mandelson, labour, oestre, toten.





  
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