November 07, 2016

PH ranks as the 60th most prosperous country

  • HOME
  • Blog
  • PH ranks as the 60th most prosperous country
  •  

    makati_skyline_000_hkg3144350-carousel

    The Philippines ranked 60 out of the 149 countries that were evaluated by the London-based Legatum Institute.

    The Legatum Institute, according to its website, is an “international think tank and educational charity” that focuses on how people  and nations go from poverty to prosperity. For them, prosperity should not only rely on its wealth, but also in the wellbeing of the people and the nation in general. The Legatum Prosperity Index evaluates the countries based on their interpersonal relations, environmental preservation, and governance. Through this, the institute hopes that they will be able to know the living conditions of the nation’s people, the problems they are facing, and how these problems can be solved for them to prosper.

    According to the report,  the Philippine’s strong performance in the Social Capital and Personal Freedom aspects were the two main factors that helped the the nation rise 17 ranks in the index. The country’s economy also flourished because of the improvements in infrastructure and in governance.

    The Index also reported that the country did best when it comes to the Social Capital and Natural Environment components of the evaluation, having ranked 21st and 44th, respectively. However, the Institute believe that the issues on Safety and Security (where the country ranked 141st) should be resolved since it threatens the country from rising in prosperity.

     

    Sources: CNN Philippines, Legatum Institute

    All photos were taken from Google Images

     

     

               
               
    Recent Comments
    What do you think about this article?
    ★★ ★★★ ★★★★ ★★★★★

    *

    You might also like...
    LIST: Free Online Libraries During COVID-19
    April 05, 2020
    10 Books to Read This April 2020
    April 05, 2020
    BSP Urges Filipinos to Go Cashless for Transactions During ECQ
    April 05, 2020
    Primer’s COVID-19 Daily Update: April 4, 2020
    April 04, 2020
    Antipodean Coffee Manila in Makati Now Offers Takeout Services During ECQ
    April 04, 2020