NZ tops rising global prosperity

New Zealand has topped the Legatum Prosperity Index for 2016, and world prosperity continues to rise.

Whether we look at the global average or weight countries’ scores by their populations, the picture remains the same: global prosperity is now three percent higher than it was in 2007.

New Zealand’s rankings

  • 1 – Overall
  • 1 – Economic quality
  • 2 – Business environment
  • 2 – Governance
  • 15 – Education
  • 12 – Health
  • 19 – Safety and security
  • 3 – Personal freedom
  • 1 – Social capital
  • 13 – Natural environment

Rise in global prosperity:

keyfind01

Global prosperity is at its highest point in the past decade

This is contrary to claims of doom and gloom that are common from some politicians and political activists and pundits.

The top twenty:

prosperityindex2016

One of ten special reports:

Free markets, free people, strong society: New Zealand and delivering prosperity the Anglosphere way

There is an old Māori proverb, he kai kei aku ringa – “There is food at the end of my hands.” It speaks to a resilience; an ability to use your basic skills and resources to create success.

This New Zealand has done in abundance.

For the past decade, this remote island nation of just 4.7 million has stood out as the best deliverer of prosperity in the world – the best at turning its resources and the skills of its people into prosperity.

It has done this through a combination of strong society, free and open markets, and high levels of personal freedom.

Alongside New Zealand (ranked overall first this year), other developed Commonwealth countries also deliver high levels of prosperity in this way: theUK (tenth), Australia (sixth), and Canada (fifth).

Together, these “Anglosphere” nations perform better than any comparable developed bloc in bringing prosperity to their shores. The combination of free markets, opportunity, and strong society is their secret.

http://www.prosperity.com/feed/free-markets-free-people-strong-society-new-zealand

 

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65 Comments

  1. PDB

     /  16th December 2016

    Now lets get a mixture of Andrew Little, Metiria Leanne Agnes Stanton Turei, Winston Peters & Grant Robertson in to fix this goddamn broken mess of a country……..

    Reply
    • David

       /  16th December 2016

      Venezuela is number 121 on the list. Gives you an idea where that crew will take us.

      Reply
  2. Blazer

     /  16th December 2016

    ho hum…we already know the bias of producing this worthless index….once again…

    ‘Legatum Limited, also known as Legatum, is a private investment firm headquartered in Dubai, United Arab Emirates.’

    Reply
    • PDB

       /  16th December 2016

      So considering they are based in Dubai why would they be ‘biased’ towards making New Zealand top of the rankings? ‘Ho Hum’ – exactly – they have no reason to, hence your point is not valid.

      Reply
      • Blazer

         /  16th December 2016

        the clue for ..bias…is here…’a private investment firm ‘…Dick Smith anyone for anymore…hows TGH going these days,missed projections,after the rosy IPO ?

        Reply
        • PDB

           /  16th December 2016

          I think you are drowning in a pile of poo of your own making………

          Reply
          • Blazer

             /  16th December 2016

            that passes as a cogent arguement for you.As former P.M said I can easily get you a completely different opinion(to the Legatum Institute).Worthless ,meaningless artificial index.

            Reply
    • Corky

       /  16th December 2016

      Hate to say it, Blazer. But your philosophy is surplus to requirements. But we will tolerate your arguments for the sake of debate. What a legacy John Key has left. Who in their right mind would vote for the Left? Sadly, nearly half a million New Zealanders who are thick.

      Reply
      • Blazer

         /  16th December 2016

        um,what was that legacy exactly,even he doesn’t appear to know,wtf it is?

        Reply
        • Corky

           /  16th December 2016

          Please pay attention, Blazer:

          ”NZ tops rising global prosperity.” Why do you think no one goes to Aussie any more? Because their economy is fugged. Why? Because John Key wasn’t running it.

          But don’t let me stop you from immigrating to Aussie….they still have strong Unions over there. Feral as…just like their economy.

          Reply
          • Blazer

             /  16th December 2016

            you have no idea Corky.People are still EMMIGRATING to Aussie.Our net migration gain is because of lax entry conditions for foreigners as you can see through recent media exposes.NZ growth is fuelled by immigration and a ludicrous housing bubble.Thats the reality.

            Reply
  3. Joe Bloggs

     /  16th December 2016

    Danmed shame that health and education – two key engines of intergenerational wellbeing and prosperity – are so neglected.

    Reply
    • PDB

       /  16th December 2016

      Proof?

      Reply
      • Joe Bloggs

         /  16th December 2016

        ‘fuksake PDB, proof is in the numbers that PG’s posted…

        New Zealand’s rankings
        1 – Overall
        1 – Economic quality
        2 – Business environment
        2 – Governance
        15 – Education
        12 – Health
        19 – Safety and security
        3 – Personal freedom
        1 – Social capital
        13 – Natural environment

        Why didn’t you notice the 12th and 15th rankings for health and education? Are you that wilfully blind to the realities of life in NZ?

        Reply
        • Alan Wilkinson

           /  16th December 2016

          You are the wilfully blind one, Joe. As noted yesterday, turf out the Polynesians and both rankings would soar along with Safety and Security.

          Reply
        • PDB

           /  16th December 2016

          So ‘neglected’ for you is that New Zealand is rated 12th (Health) and 15th (education)out of 149 nations??

          Sorry we don’t meet you extremely high standards, don’t let the ‘only happy when I whinge’ door whack your ass on the way out.

          Reply
          • Blazer

             /  16th December 2016

            how many countries in the OECD?Thats the valid comparison.

            Reply
            • PDB

               /  16th December 2016

              Considering you want us to become like Venezuela I think that’s a little unfair.

            • Blazer

               /  16th December 2016

              you watering down this wonderful news now !Quelle surprise!

            • PDB

               /  16th December 2016

              Even if you ‘up the game’ and make it out of only OECD countries we are pretty much in the top third for health and inside the top half for education – nothing ‘neglected’ about that. I’d suggest we are easily boxing above our weight.

  4. Alan Wilkinson

     /  16th December 2016

    Terrible news: NZ doing well. Left in mourning. Journalists suicidal.

    Reply
      • Joe Bloggs

         /  16th December 2016

        Funnily enough PDB that’s exactly what’s happening over in the National caucus as well – you should have that wilful blindness checked…. ‘cos stereoscopic vision is actually quite useful, eh, like it enables the perception of depth 🙂

        Reply
        • PDB

           /  16th December 2016

          Funnily enough it appears National will be bringing lots of new blood into cabinet – moving has-beens like Clair Curran & David Parker further up the chain doesn’t quite cut the mustard I’m afraid……

          Reply
          • Blazer

             /  16th December 2016

            making Coleman FA Minister for pretending to challenge Billy for the leadership,definately ‘cuts the mustard’!BOL.

            Reply
            • PDB

               /  16th December 2016

              You’re too lazy to ‘cut the mustard’ Blazer, probably expect the govt to do it for you……..

            • Blazer

               /  16th December 2016

              hey panter ,Corky agrees with you…p.s love to know the cushy number you’re involved in….something to do with govt or council…GUARANTEED.

            • PDB

               /  16th December 2016

              Hey Blubber, what is GUARANTEED is that I have a job and you are unemployable……….

            • Blazer

               /  16th December 2016

              thanks for confirming you are ensconced on the gravy train,and living up large on the taxpayer,bloody hypocrite!

            • PDB

               /  16th December 2016

              As I’ve said quite a few times before, I’m one of the many self-employed that works hard & pays the taxes that you obviously don’t. Hate to break it to you but trolling isn’t a job.

    • Corky

       /  16th December 2016

      You are shooting fish in barrel…enjoy!

      Reply
  5. Corky

     /  16th December 2016

    Hold on. I’m a bit slow. We beat all those Scandinavian countries..but,but they run a socialist agenda using capitalism to fund it. If they would cut the socialism bit out they may move up the ratings…lol.

    Reply
  6. Blazer, you are guilty of sophistry, again. I quote from the Legatum Institute’s web site”
    The Legatum Institute is an international think tank and educational charity focused on understanding, measuring, and explaining the journey from poverty to prosperity for individuals, communities and nations. We believe true prosperity is as much about wellbeing as it is wealth, if all people are to flourish.

    The Legatum Prosperity Index, the Institute’s signature publication, provides a lens through which to view a comprehensive assessment of national success. Prosperity is more than just the accumulation of material wealth, it is also the joy of everyday life and the prospect of an even better life in the future. This is true for individuals as well as nations. The Legatum Prosperity Index offers a unique insight into how prosperity is forming and changing across the world.

    Through its core research programmes, including The Culture of Prosperity, Transitions Forum, Economics of Prosperity, and the Centre for Character and Values, the Institute seeks to understand what drives and restrains national success and individual flourishing. With Foreign Policy magazine, the Institute co-publishes the Democracy Lab, whose on-the-ground journalists report on political transitions around the world.

    The Legatum Institute is based in London and is an independent charity within the Legatum Group, a private investment group with a 30-year heritage of global investment in businesses and programmes that promote sustainable human development.”

    The Institutes offices in Dubai are a branch of the Investment wing of the Legatum Group, and is not responsible in any way for the production of the Prosperity Index. It certainly has huge academic credentials that you demean by your anxiety to erode NZ’s success. You must have dreadful dreams at night.

    Reply
    • Blazer

       /  16th December 2016

      O.K Colonel,who are their NZ journos reporting to them as per…’on-the-ground journalists report on political transitions around the world.’This is ..laughable..’is an independent charity within the Legatum Group, a private investment group ‘….independent….they would not know the meaning of the word.

      Reply
      • Lets face it Blazer you were wrong in the first place and pulling the switch to other matters still does not excuse you from the misrepresentations of the Institute which is a separate organisation to the Investment Arm. The members of the Institute are researchers with much more academic credibility than you will ever pretend to have. Trash talking individuals is not an acceptable tool of discussion and only invites derision, old chap!

        Reply
        • Blazer

           /  16th December 2016

          What do you call that Col….blind faith.Have they got the much vaunted ‘chinese wall’ in place.?Do not concede I am wrong.A vested interest private equity group in charitable drag.

          Reply
          • Blazer I am persuaded that you must be thick as the proverbial. The Institute is Headed by the Baroness Stroud. Here is what was said at the time of her appointment.
            “Philippa Stroud was ennobled in 2015 and became Baroness Stroud of Fulham. Prior to this she served as Special Advisor to Rt Hon Iain Duncan Smith MP (Secretary of State for Work and Pensions) in Government from 2010-2015. More recently, as Chief Executive, she has led the Centre for Social Justice (CSJ), which she co-founded in 2004. The CSJ has made a vital contribution to political debate and public life in the UK through its research relating to poverty alleviation and social justice.

            Baroness Stroud said, “I am honoured and excited to be appointed CEO of the Legatum Institute. We share a passion to help each person, family, community and nation reach their full potential. My life’s work in creating pathways to help people out of poverty and restore social justice, together with the Legatum Institute’s extensive research and insights on what creates individual flourishing and national prosperity will be an extremely powerful combination which will deepen the Legatum Institute’s impact and broaden our reach within the UK and internationally. Working with the Board and team we will cement the Legatum Institute’s reputation as a world class center for metrics and empirical research on what drives and restrains flourishing societies.”

            Mr. McCormick said, “The Legatum Institute aims to provide leaders and policy makers globally with tools and insights to make effective decisions which lead to a more just and prosperous future for everyone. Our commitment to economic prosperity and social wellbeing is at the heart of the Legatum Institute’s research. With her extensive experience in community transformation, government and policy making, Philippa will materially strengthen Legatum’s capacity to engage at both the grassroots and political levels of society”.

            Stroud concluded saying, “I have followed the rise and impact of the Legatum Institute in recent years and am truly excited to be working with such an outstanding team. I am also excited to explore opportunities to collaborate with other organisations founded and supported by the Legatum Group such as the London-based Freedom Fund, which focuses on anti-slavery and trafficking issues, and the New York-based END Fund which is a leading global health player addressing neglected tropical diseases. Together we are providing policy and on-the-ground research and solutions that help people move from poverty to prosperity. I can’t wait to get started.”

            Stroud took up her appointment on 31st October 2016. Now, Blazer do you accept that the Institute is a research organisation, not an investment shop. The aims and policies pursued by the Institute relate to attacking the elements of poverty, wage injustice, positive development of the quality of life of family community and nations working with Governments on policy measures to raise prosperity and end all forms of slavery. And you as a blinded socialist think that it is a vested interest private equity group in charitable drag. You are on your own there Blazer. It is an honourable Institute with a huge investment in improving the quality of life of humans. Stop trying to paint a different picture of the Insittute because that will confirm your blind prejudice. You sir are mistaken in your belief.

            Reply
            • Alan Wilkinson

               /  16th December 2016

              Far too much effort wasted on Blazer, BJ. He is entirely immune to facts and logic.

            • Blazer

               /  16th December 2016

              alot of ‘flannel’…’Philippa Stroud was ennobled in 2015 and became Baroness Stroud of Fulham’…pomp and nonsense,gives it even less credence.What does she do in her spare time ,make homemade chutney!

  7. Zedd

     /  16th December 2016

    The four ‘telling factors’ :

    Education, Health, Safety & security, natural environment.. the things that ‘the left’ tend to focus on most, are the ones that ‘Team Key’ have obviously ignored, in favour of focusing on making their ‘Fatcat mates.. even FATTER !!’ : their No. 1, 2 & 3 priority 😦

    “Wake up you ignorant Tories !” the poll is a load of B-S

    Reply
    • PDB

       /  16th December 2016

      So there are four ‘telling factors’ from the poll you reckon and then in the same breath you say the poll is B-S? Do you think all that dope smoking has made you schizophrenic? Hate to tell you but you need to have a strong economy to pay for all those benefit freebies you and your mates demand.

      Quite telling you neglect to mention we rank no. 1 for social capital……….also 2 for governance & 3 for personal freedom considering how corrupt you keep telling us this govt is.

      Reply
    • Alan Wilkinson

       /  16th December 2016

      Err .. it’s not a poll? And if the Left’s supporters were taken out of the picture there would be a step change for the better in the ranks you are fretting about. It’s their long tail that drags NZ down and it’s a tribute to the rest of the country that we make it to the top despite them.

      Reply
    • Corky

       /  16th December 2016

      I looked through your eyes, Zeddy and into your skull. I felt like a space invader.

      Reply
  8. Zedd, you imply that “the Left” has a monopoly on care for Education, Health Safety and Security and the natural environment, which pure sophistry usually the remit of Greenpeace et al. You deny the facts served up in the statistics above, and that is understandable because a separate independent organisation has come out and placed NZ at the top. This of course destroys all credibility the eft has ever had when they man about poverty and the income gap. Yes we are not perfect at the moment and yes there is stacks of room for improvement, we won the 2016 series and have a lot of hard work ahead for the next test series, but if we can start working together, and stop carping cause our favourites are not being selected, we will continue to be world beaters to our country’s benefit, and prosperity for all. First we need to select the best team.

    Reply
    • Zedd

       /  16th December 2016

      I didnt say anything about the ‘left’ having a ‘monopoly’.. BUT their priority.
      As opposed to the ‘right’ whose top priority is all about: money, Money, MONEY :/

      Reply
    • Blazer

       /  16th December 2016

      ‘ separate independent organisation ‘…you moonlighting as a comedian these days ..Col?

      Reply
  9. Zedd, so welfare is not about money? When others rate us top for the indicators of quality of life, what is your problem?

    Reply
    • PDB

       /  16th December 2016

      Considering the left need money to fund all their hand-outs you’d think having a strong economy would be the number one priority – unfortunately for the far-left money grows on trees, or more specifically in taxpayers pockets (unless you are the Greens where printing money is preferred).

      The left don’t want to grow the economy they want to reduce the wealth of anybody earning more than minimum wage.

      Reply
      • Blazer

         /  16th December 2016

        money is created out of thin air and loaned out as interest bearing debt,thats the reality.

        Reply
      • Gezza

         /  16th December 2016

        Well, that’s not altogether a bad idea PDB. That would soon get the minimum wage up to a decent level.

        Reply
      • Blazer

         /  16th December 2016

        you seem to think that house price bubbles and immigration is the answer to growing the economy !Hopeless.

        Reply
  10. that was a fun comments section to read…..good onya BJ for continue to respond to mindless flim flam and the old & switch gambits…

    Reply
  11. The Legatum findings are definitely ‘qualified’ good news IMHO, for several reasons: Firstly, “global prosperity is now three percent higher than it was in 2007”. Yes? And … ??? Hello! People … its 2016. 2007 is 9 years ago! Look what the world has gone through and is going through – all totally avoidable – to achieve this fabulous rising prosperity!?

    3% in 9 years! Wow!!! Declare a public holiday! Let’s celebrate …

    Secondly: Income inequality. Using the GINI coefficient Aotearoa New Zealand ranks 12th equal in the OECD with Italy and Australia. What comes to mind when you think about the Italian economy …?

    http://www.stats.govt.nz/browse_for_stats/snapshots-of-nz/nz-social-indicators/Home/Standard%20of%20living/income-inequality.aspx

    Thirdly: Social Capital. As implied by the name, definitions of social capital “focus on social relations that have productive benefits”. Its not so much a measure of human well-being but of how well we are being “units of production and consumption”. Economic units.

    If it doesn’t have an economic measure then its not worth measuring …

    ” Sander (2002, p. 213) stated that ‘the folk wisdom that more people get their jobs from whom they know, rather than what they know, turns out to be true’.

    http://www.socialcapitalresearch.com/literature/definition.html

    The sacrifice of education, health, safety and security and the environment – all arguably intergenerational ‘long term’ fundaments – for the short term and probably exploitive, iniquitous gains of ‘economic quality’ [Whatever that is exactly?], business environment [speaks for itself], personal freedom [measured how? e.g. by lack of social responsibility?] and nebulous ‘social capital’ fits perfectly with neoliberal consensus politics.

    This surprises me not one jot. Legatum doesn’t speak of the precariat, the low-paid, casualised, under-employed and unemployed, of beneficiaries, the homeless … Of those whom the system is failing … or those failing the system … Nor do they speak of the growing proliterian-commutarian middle-class, who despite average or median incomes barely make ends meet, and for whose children home ownership is rapidly becoming a distant dream … Legatum says, “We’re all right Jack because MOST OF US are all right here-and-NOW” …?

    But are we? I understand that across our whole population we are generally less prosperous than our parents’ generation were, all things considered. We’re likely not to live as long either … There’s a kind of socio-economic entropy happening … as successive generations become increasingly less prosperous and, because prosperity is measured less diversely – with possibilities like the health benefits of working less rather than more not even considered – successive generations are effectively becoming more-and-more impoverished in the broadest sense …

    Only our # 2 rating for “governance” really stands out for me: That’s the measurement I’d like to investigate further. I wonder how Maori rate our governance? I wonder if any Maori rating of our governance was considered in Legatum’s opinion?

    A great many things are up for re-redefinition, as they were [redefined] in the early 1980s, and “prosperity” is just one of them …

    Reply
    • I suggest ‘Capital Day’ become our new public holiday? A balance for Labour Day.

      I’m sure some suitably important date in the capitalist calendar of historic events can be found? Perhaps the date Ruth Richardson delivered that “Mother of All Budgets”?

      Reply
    • Alan Wilkinson

       /  18th December 2016

      The inevitable consequences of decades of breeding for failure, PZ, funded by welfare. Quelle surprise.

      Reply
      • What consequences are the result of “decades of breeding for failure” Alan …?

        Do you mean ‘NZ tops rising global prosperity’?

        We should measure our prosperity by the prosperity (including broadest possible measures of wellbeing) of our least advantaged: And by the wellbeing (broadest sense) and prosperity of our indigenous peoples, upon whose land and goodwill our ‘prosperity’ rests. If we measured our health, for instance, by reduction of stress-related, lifestyle and environmentally induced illness, reduced use of pharmaceutical drugs, techno-therapies and surgery etc …

        Then we’d have something to crow about!

        Until then, figuratively speaking, and to exaggerate for effect, its “Cock o’ the Cream, forget the Milk [and don’t think about the Butter]”.

        Or perhaps you mean the GFC and global recession is the result of “decades of breeding for failure”? But no, we’ve surely had decades of breeding for success since Rogernomics? And the result is a 3% rise in ‘blinker measured’ prosperity in the last 9 years!

        It just doesn’t stack up Alan, except at the most superficial level …

        Reply
        • Alan Wilkinson

           /  18th December 2016

          Our long tail, PZ, that the Left is so concerned about whenever they are not in power. Immigration is somewhat a balance to their fecundity.

          Reply
          • Blazer

             /  18th December 2016

            ‘Immigration is somewhat a balance to their fecundity.’…bet you can not explain this nonsense..Al.

            Reply
            • It’s more than nonsense Blazer, unfortunately … as I think you are aware.

              First Alan, I refuted your assertion Labour only complain about poverty when not in power just the other day. However, one must qualify this by recognising the Fifth Labour government as being much the same style of ‘managers-on-behalf’ of the FIIRE economy as their predecessors and their successors …

              If your “fecundity” allusion means what I think it means, you shouldn’t give away neoliberal trade secrets so easily. You mean in addition to the obvious role of immigration in maintaining low wages, it also serves the neoliberal agenda by taking the wind out of the Left’s sails – the Right Brigade’s preposterous “you don’t see immigrants complaining about their low pay, ghetto housing and social isolation” argument – and presumably whatever ill effects immigration and all that surrounds it might have – e.g. maintaining outrageously high house prices, depriving Kiwis of employment training and opportunities, further dividing society into ‘enclaves’, diluting the struggle for indigenous peoples’ rights, and whatever immigration is REALLY being traded for – its worth it as “a balance to their [the Left’s] fecundity”?

              At least you acknowledge the Left is fecund! That’s something I suppose. Of course the Right complains rabidly about Islamic immigration – when it suits them to promote fear of ‘terrorism’ – despite most of the “skill shortage” people being Islamic …

              Brings to mind Madeliene Albright in response to the question “We think that a half million children have died [in Iraq] … Is the price worth it?”

              Madam Secretary of State: ” … a hard choice, but the price … we think the price is worth it.”

              So, as far as I’m concerned, you people are certainly more than “pragmatic” and worse than expedient, you’re actually best described by another [four letter] word beginning with ‘e’ …

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