Institute Legatum: Money — not welfare

According to the latest ranking of well-being (Legatum Prosperity Index), which measures the wealth and well-being in 110 countries around the world, many countries in Eastern Europe and Central Asia have relatively good health and education programs, but suffer from poor management.

Among these countries — and Belarus. In the year of its place in the overall ranking has changed from the 55th to the 54th, but it is exactly in the middle of the list, yielding not only a leader, but also to its neighbors such as Lithuania, Latvia and Poland.

This year, the Legatum Institute changed the method of rating and, therefore, in the report for 2010 perapadlichyv results for the year 2009, so they can be properly compared with the current. According to the old procedure last year Belarus was on the 85th place — this result is recorded in numerous materials on the Internet, after conversion — on the 55th.

Mrs. Choi, British fund analyst Legatum, makes of this research the following conclusions concerning some countries in Eastern Europe and Central Asia.

"Bad management system, corruption, lack of confidence in the judicial system or to the election, this is what pulls down the country — as well as the inefficiency and lack of transparency of the government.

Rating takes into account the welfare of the state of the economy, entrepreneurship, quality of management, education, health, safety, personal freedom and social capital.

Almost all countries, which last year took place below the 60's, have reduced this year their performance. Russia moved from 62 th to 63rd, Ukraine — 6 places from 63 th to 69 th. Moldova also slipped from 83 th place to 86 th, and Pakistan rolled from the 107th place in the list on the penultimate 109th.

Iran moved up one position — from 93 th to 92 th, but some of the data Legatum, which are used against the country concerned in 2008. In 2009, the Iranian government is not allowed to ask the government during the polls some issues, particularly regarding the evaluation of integrity, and the presence or absence of the fear of the public expressing their political opinions.

Among the Central Asian countries, the most significant drop occurred in the Uzbekistan — From 65th to 76th place. This was the result of economic problems, the corresponding indicator that country has moved down to 39 seats. In Ukraine the decline was due to the deterioration in the quality of management positions in the area of personal freedoms. Croatia and Kazakhstan meanwhile risen in the ranking by one position — on the 38th and 50th places respectively.

According to the researchers, the global economic crisis to a certain extent affected the data, but will not have a significant impact on the ratings of the following year. Expert Legatum Center Ashley Lenigan notes that Ireland and Iceland — are two of the countries most affected by the global economic downturn in the study were at relatively high places — on the 11th and the 12th — thanks to the high estimates of personal freedom, education, health and quality of management.

Mrs. Lenigan said one of the key findings of the current study: that the well-being on a global scale is closely related to the level of entrepreneurial activity, and with a high level of personal freedom, trust and tolerance.

She noted that in some countries, the rapid economic growth has not led to a significant increase in well-being:

"We also found that economic growth is not sufficient for countries such as Brazil, Russia, India and China, to lead to prosperity, these countries have shown a good growth of GDP, but their overall assessment of the spoiled indicators in areas such as health, education, personal freedom and safety. "

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