The rise of Asian countries in the index is notable, with three of the top six positions held by Asian nations.
SINGAPORE: Singapore has clinched the top spot in the Elite Quality Index , a comprehensive analysis of 151 countries utilizing 146 indicators to evaluate the quality of a nation’s elite and its impact on societal value creation.
The EQx2024 examines conceptual elements such as Power, Creative Destruction, and Unearned Income to measure the extent to which elites create or extract value from their countries. Elites are defined as the top 1% of a society’s political, economic, or knowledge sectors and play a critical role in shaping business models and maintaining institutional power.
The rise of Asian countries in the EQx2024 is notable, with three of the top six positions held by Asian nations. Japan ranks at #4, and South Korea at #6, demonstrating a robust showing. Meanwhile, the continent’s emerging superpowers, China at #21 and India at #63, also signal their growing influence in the global economic landscape.
The United States and China both improved their rankings, with the USA advancing five spots to #16 and China moving up one place to #21. The United States continues to generate significant value through its financial markets and AI technology but struggles with ensuring an inclusive economy. China, however, with its goal to double GDP in the next two decades, can leverage its more inclusive elite system to drive national growth.
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