S'pore Ranked 23rd In Legatum Prosperity Index
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"The Legatum Prosperity Index is the world's only global assessment of wealth and wellbeing," said Dr. William Inboden, Senior Vice President of the Legatum Institute. "Many Asian nations have good economic fundamentals, but the Index tells us that true prosperity requires more than just money and weak scores for their Democratic Institutions and Personal Freedom measures are letting some Asian nations down," he continued. "Furthermore, countries which have low levels of economic stability, such as Cambodia (93rd) finish even further down in the overall rankings. Overall, this strongly suggests that a country can improve its overall prosperity by promoting the fundamentals of life satisfaction as much as the standard measurements of wealth such as GDP," concluded Dr. Inboden.