Elite Quality Index 2022 (EQx2022)
ISBN
978-3-03777-264-5
Type
book
Date Issued
2022-04
Author(s)
Abstract (De)
The Elite Quality Index 2022 (EQx2022)
In the third annual edition of this global political economy index from the University of St.Gallen, data shows where elites deliver or extract value from their individual nations
The third EQx2022 annual report scores and ranks 151 countries using 120 component indicators. The Index evaluates whether national elites contribute or take away to the economic advancement of their societies and measures and compares value creation. It focuses primarily on business models that generate the highest incomes in individual national economies.
By and large, elites and their businesses are essential for value creation and economic growth. The flip side to value creation is value extraction, which is when elites take value away from the general population to feed their businesses. Such models are based on trade barriers, wars, monopolies, discrimination of any kind.
The research, led by the University of St.Gallen (HSG) along with international academic partners and the St.Gallen-based Foundation for Value Creation, provides unique insight into value creation by elites across in 151 nations globally. The Index is based on a framework consisting of four conceptual areas:Economic Power, Economic Value, Political Power and Political Value.
Elites are categorized as very high quality elites (rank 1 to 10), high quality elites (rank 11 to 25), quality elites (rank 26 to 75), middle quality elites (rank 76 to 125) and lagging elites (rank below 125). Some of the main findings:
The top two places in the EQx2022 have not changed from 2021 and were again taken by Singapore (#1) and Switzerland (#2). Both countries are leaders in the Value Sub-Index, their respective weaknesses being Political Power for Singapore (#20) and Economic Power for Switzerland (#15). Overall, it appears that smaller countries have shown greater resilience during the last year of the COVID-19 pandemic taking 9 of the top 10 positions. Australia (#3) and Israel (#4) have made impressive advances of 6 and 3 places respectively.
Conversely, the UK (#8) and the US (#15) have fallen by 5 and 10 places respectively, their fundamental problem being that elites do not create enough Political Value (rank #17 and a dismal #66 respectively).
In the third annual edition of this global political economy index from the University of St.Gallen, data shows where elites deliver or extract value from their individual nations
The third EQx2022 annual report scores and ranks 151 countries using 120 component indicators. The Index evaluates whether national elites contribute or take away to the economic advancement of their societies and measures and compares value creation. It focuses primarily on business models that generate the highest incomes in individual national economies.
By and large, elites and their businesses are essential for value creation and economic growth. The flip side to value creation is value extraction, which is when elites take value away from the general population to feed their businesses. Such models are based on trade barriers, wars, monopolies, discrimination of any kind.
The research, led by the University of St.Gallen (HSG) along with international academic partners and the St.Gallen-based Foundation for Value Creation, provides unique insight into value creation by elites across in 151 nations globally. The Index is based on a framework consisting of four conceptual areas:Economic Power, Economic Value, Political Power and Political Value.
Elites are categorized as very high quality elites (rank 1 to 10), high quality elites (rank 11 to 25), quality elites (rank 26 to 75), middle quality elites (rank 76 to 125) and lagging elites (rank below 125). Some of the main findings:
The top two places in the EQx2022 have not changed from 2021 and were again taken by Singapore (#1) and Switzerland (#2). Both countries are leaders in the Value Sub-Index, their respective weaknesses being Political Power for Singapore (#20) and Economic Power for Switzerland (#15). Overall, it appears that smaller countries have shown greater resilience during the last year of the COVID-19 pandemic taking 9 of the top 10 positions. Australia (#3) and Israel (#4) have made impressive advances of 6 and 3 places respectively.
Conversely, the UK (#8) and the US (#15) have fallen by 5 and 10 places respectively, their fundamental problem being that elites do not create enough Political Value (rank #17 and a dismal #66 respectively).
Language
English
HSG Classification
contribution to practical use / society
HSG Profile Area
SEPS - Economic Policy
Publisher
Seismo Press AG
Publisher place
Zurich and Geneva
Pages
318
Official URL
Eprints ID
267589
File(s)![Thumbnail Image]()
Name
SSRN-id4085752-3.pdf
Size
13.32 MB
Format
Adobe PDF
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