Hong Kong is 19th 'most prosperous' region in the world, report says
Taiwan and the mainland were ranked 22nd and 51st, respectively
Hong Kong, Taiwan and the mainland have all risen in rank on a global report that indexes the most prosperous regions around the world.
“The Legatum Prosperity Index offers a unique insight into how prosperity is forming and changing across the world,” a description on the Legatum Institute site reads. “Traditionally, a nation’s prosperity has been based solely on…a country’s income, represented either by GDP or by average income per person.
“However, most people would agree that prosperity is more than just the accumulation of material wealth, it is also the joy of everyday life and the prospect of being able to build an even better life in the future. The Prosperity Index is distinctive in that it is the only global measurement of prosperity based on both income and well being.”
After analysing academic literature and survey information obtained from 142 regions in the areas of economics, entrepreneurship, governance, education, health, safety, personal freedom and social capital, analysts creating the report concluded that overall, Hong Kong was the 19th “most prosperous” region in the world, while Taiwan ranked 22nd and mainland China 51st.
