27 May 2021
Singapore has retained the top spot for the second year running in a global index that ranks 151 countries by measuring the way in which elites contribute to the wealth and development of their societies. The Elite Quality Index 2021, released on Monday (May 24), examined the countries across four broad areas – economic power, economic value, political power and political value. The index, first compiled last year, is a collaboration between SMU, the University of St Gallen in Switzerland, international academic partners and the St Gallen-based non-profit organisation Foundation for Value Creation.
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Wednesday, 26 May 2021 07:53 AM MYT
Singapore came out in number one position in a ranking of 151 countries based on the value that elites add to their society. ― TODAY file pic
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SINGAPORE, May 26 Singapore has retained the top spot for the second year running in a global index that ranks 151 countries by measuring the way in which “elites” contribute to the wealth and development of their societies.
The Elite Quality Index 2021, released on Monday (May 24), examined the countries across four broad areas economic power, economic value, political power and political value.
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SINGAPORE - Singapore s elites create the most value compared with their counterparts around the world, according to a study led by the Switzerland-based University of St Gallen and Singapore Management University (SMU).
There has been a jump in the Elite Quality Index s coverage - from 32 countries, when it started last year, to 151 this year - as well as the number of indicators measured - from 72 to 107.
Singapore holds on to the top spot, scoring highly in indicators measuring free trade stance, commitment to property rights, and venture capital investment. The Republic also scored in having low levels of political corruption.