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In a period of European economic crisis with many countries facing uncertainties and struggling to compete globally while some taking radical steps in order to help them survive due to Brexit and the United States campaign rhetoric. Finland has been labeled the new ‘sick man of Europe’ with some pundits going even further by tagging it the ‘Nordic Greece’. The economy is said to be at a standstill, competitiveness low and major industries seriously lagging. Judging by GDP alone, there seems to be some truth to these assertions. But economics apart, Finland seems to be on a path to recovery.
[alert type=white ]A new measure of societal progress report just released, shows Finland as the world’s top-ranked country.[/alert]
According to the Social Progress Index by the Social Progress Imperative, an American thinktank, Finland has been adjudged the most socially progressive country in the world and all Nordic countries are within the top 10.
The index has a unique feel to it as it doesn’t include GPD, but instead concentrates exclusively on different social and environmental indicators. The total score is the median from three sub-components: basic human needs, foundations of wellbeing and opportunity.
Finland ranked particularly highest in the aspects of nutrition and basic medical care, access to basic knowledge and in individual rights. Regardless, there is room for improvement in the health and wellness component, as well as in access to advanced education.
According to the thinktank, Social progress is defined as:
“The capacity of a society to meet the basic human needs of its citizens, establish the building blocks that allow citizens and communities to enhance and sustain the quality of their lives, as well as create the conditions for all individuals to fulfill their full potential.”
[alert type=white ]The main goal of the index is to create a framework for leaders in government, business and civil society to benchmark and accelerate progress.[/alert]
Though the index doesn’t take GDP into account, the thinktank notes that high-income countries tend to achieve higher on the index than low-income countries, but the relationship is not linear.
Social progress index results 2016:
- United Kingdom
- United States
…Central African Republic.