Happiness seems to require a modicum of external prosperity. -Aristotle-Nichomachean Ethics
The latest Legatum Prosperity Index, which ranks nations according to wealth, quality of life and well being factors, has placed Sri Lanka at the 60th place moving up eleven places in overall Prosperity since 2009 when the country defeated three decades of terrorism.
Maha Parakramabahu
This year's Prosperity Index, compiled by London-based Legatum Institute, contains data on 142 countries for 89 variables, spread across eight sub-indices. The sub-indices include, country's Economy, Entrepreneurship and Opportunity, Governance, Education, Health, Safety and Security, Personal Freedom and Social Capital. The Legatum Institute is an independent non-partisan public policy organization whose research, publications and programs advance ideas and policies in support of free and prosperous societies around the world. The 2013 Legatum Prosperity Index offers a unique insight into how prosperity is forming and changing across the world. Traditionally, a nation's prosperity has been based solely on macro-economic indicators such as a country's income, represented either by GDP or by average income per person (GDP per capita). However, most people would agree that prosperity is more than just the accumulation of material wealth, it is also the joy of everyday life and the prospect of being able to build an even better life in the future. The Prosperity Index is distinctive in that it is the only global measurement of prosperity based on both income and well being.
Key findings
Sri Lanka has seen big improvements in its Economy scores, which have contributed to the country's improvements in the overall Prosperity Index. The Economy sub-index has risen twenty eight places to 74th since 2009, as a result of increases in capital per worker, gross domestic savings, perceived job availability, and satisfaction with access to adequate food and shelter.
Over the past five years, Sri Lanka has increased twelve places to 35th in the Social Capital sub-index, due to increases in willingness to help strangers and trust levels. The Index reveals that a great majority comprising of 82% of people say they can rely on others in times of need and 57% believe Sri Lanka is a good place to live for immigrants.
Norway led the overall rankings for the fifth year followed by Switzerland, Canada, Sweden, New Zealand and Denmark in that order. In the South Asian region, India declined to 106th and overtaken for the first time in 2013 by Bangladesh which ranked at 103rd. Nepal ranked at 102nd and Pakistan remains low in the rankings at 132nd with progress hampered by security-related challenges.
Among the key findings of the Legatum Institute are that this year, the US has moved down four places to 24th in the Economy sub-index. Countries that have overtaken the US in the Economy sub-index include New Zealand (17th) and South Korea (19th), among others. Mexico has increased seven places to 27th in the Economy sub-index, overtaking Brazil (32nd). However, Mexico still trails Brazil in the overall Prosperity Index, ranking 59th compared to Brazil at 46th. Bangladesh (103rd) ranks above India (106th) in the Prosperity Index for the first time in 2013.
Prosperity Index rankings
Although Bangladesh's rank has remained constant since last year, India has declined five places in the same period. India has fallen down the Prosperity Index rankings consistently over the last five years.
The UK has moved down three places to 16th in overall Prosperity, as a result of decreases in the rankings for six out of eight sub-indices since last year. The UK has been leapfrogged by Austria (15th), Germany (14th), and Iceland (13th). Latin America and the Caribbean rise above the world average in the Economy sub-index for the first time in 2013. Nine of the top ten countries on the Entrepreneurship and Opportunity sub-index are from Europe.
The top ten countries include Sweden (1st), Denmark (2nd), Finland (3rd), Switzerland (4th), Luxembourg (5th), Norway (6th), Iceland (7th), Netherlands (8th), and UK (9th). Hong Kong makes up the top 10, placing 10th in the sub-index.
President Mahinda Rajapaksa in his Address at the 68th Session of the United Nations General Assembly held on September 24, 2013 said that: 'In the context of Sri Lanka, my vision has been to distribute the benefits of growth across all segments of the population and prevent inequalities, social exclusion and adverse environmental effects.
Socio-economic achievements in my country are the results of people centric government policies. Despite contending with one of the most ruthless terrorist groups in the world, the 2004 tsunami and the global food, energy and financial crises, Sri Lanka's attaining the MDGs is salutary. Statistics speak for themselves.
Sri Lanka was ranked 92nd out of 187 countries in the Human Development Index in 2012. Absolute poverty in Sri Lanka declined to 6.5% in 2012 from 15.2%, over a period of five years, surpassing the MDG mid- term target.'
Undisputedly the economic policies of the present Government has contributed largely to the rising of the prosperity index for Sri Lanka. Although the critics in the opposition ranks and the disapora propaganda machine oiled by the TGTE, the successor of the LTTE continuously and incessantly attack the economic and other policies of the Government it will be seen that the truth will finally prevail and these critics would be silenced in the near future in the face of the evident vast economic prosperity of Sri Lanka.
The forthcoming CHOGM would be an eye opener for the Commonwealth leaders to witness the rapid development processes taking place in Sri Lanka significantly in the North and East as they tour these regions during this month.
Economic development
At the recent launch of the Biography of the Speaker Hon. Chamal Rajapaksa at the BMICH written by a schoolmate of the writer at St.Aloysius' College Galle, a former D.I.G Punya De Silva, the great silent service rendered by the Speaker when he was the Minister of Irrigation was revealed when it was stated that the construction of many tanks including 'Mawara' the brainchild of Chamal had immensely benefited the people of Hambantota who were suffering with dearth of water for their cultivation activities. It is no secret that Sri Lanka's economic prosperity greatly depends on the improvement of agricultural activities.
The Rajapaksas including late D.A. Rajapaksa and his son the President have rendered yeoman service in this aspect of the improvement of the economy by granting the fertilizer subsidy and granting loans and other relief to the farmers.
The measures taken by Hon.Basil Rajapaksa for the improvement of economic development are also praiseworthy.
These measures for economic development and the prosperity of the nation has been made possible by the proper security measures taken for the safety of the land by Gotabhaya Rajapaksa and the infrastructure development of the City of Colombo and other urban areas as Secretary Ministry of Defence and Urban Development.
Sri Lanka is presently well on the road to prosperity reminiscent of the times of the great ancient kings such as Maha Parakramabahu.
The latest Legatum Prosperity Index, which ranks nations according to wealth, quality of life and well being factors, has placed Sri Lanka at the 60th place moving up eleven places in overall Prosperity since 2009 when the country defeated three decades of terrorism.
Maha Parakramabahu
This year's Prosperity Index, compiled by London-based Legatum Institute, contains data on 142 countries for 89 variables, spread across eight sub-indices. The sub-indices include, country's Economy, Entrepreneurship and Opportunity, Governance, Education, Health, Safety and Security, Personal Freedom and Social Capital. The Legatum Institute is an independent non-partisan public policy organization whose research, publications and programs advance ideas and policies in support of free and prosperous societies around the world. The 2013 Legatum Prosperity Index offers a unique insight into how prosperity is forming and changing across the world. Traditionally, a nation's prosperity has been based solely on macro-economic indicators such as a country's income, represented either by GDP or by average income per person (GDP per capita). However, most people would agree that prosperity is more than just the accumulation of material wealth, it is also the joy of everyday life and the prospect of being able to build an even better life in the future. The Prosperity Index is distinctive in that it is the only global measurement of prosperity based on both income and well being.
Key findings
Sri Lanka has seen big improvements in its Economy scores, which have contributed to the country's improvements in the overall Prosperity Index. The Economy sub-index has risen twenty eight places to 74th since 2009, as a result of increases in capital per worker, gross domestic savings, perceived job availability, and satisfaction with access to adequate food and shelter.
Over the past five years, Sri Lanka has increased twelve places to 35th in the Social Capital sub-index, due to increases in willingness to help strangers and trust levels. The Index reveals that a great majority comprising of 82% of people say they can rely on others in times of need and 57% believe Sri Lanka is a good place to live for immigrants.
Norway led the overall rankings for the fifth year followed by Switzerland, Canada, Sweden, New Zealand and Denmark in that order. In the South Asian region, India declined to 106th and overtaken for the first time in 2013 by Bangladesh which ranked at 103rd. Nepal ranked at 102nd and Pakistan remains low in the rankings at 132nd with progress hampered by security-related challenges.
Among the key findings of the Legatum Institute are that this year, the US has moved down four places to 24th in the Economy sub-index. Countries that have overtaken the US in the Economy sub-index include New Zealand (17th) and South Korea (19th), among others. Mexico has increased seven places to 27th in the Economy sub-index, overtaking Brazil (32nd). However, Mexico still trails Brazil in the overall Prosperity Index, ranking 59th compared to Brazil at 46th. Bangladesh (103rd) ranks above India (106th) in the Prosperity Index for the first time in 2013.
Prosperity Index rankings
Although Bangladesh's rank has remained constant since last year, India has declined five places in the same period. India has fallen down the Prosperity Index rankings consistently over the last five years.
The UK has moved down three places to 16th in overall Prosperity, as a result of decreases in the rankings for six out of eight sub-indices since last year. The UK has been leapfrogged by Austria (15th), Germany (14th), and Iceland (13th). Latin America and the Caribbean rise above the world average in the Economy sub-index for the first time in 2013. Nine of the top ten countries on the Entrepreneurship and Opportunity sub-index are from Europe.
The top ten countries include Sweden (1st), Denmark (2nd), Finland (3rd), Switzerland (4th), Luxembourg (5th), Norway (6th), Iceland (7th), Netherlands (8th), and UK (9th). Hong Kong makes up the top 10, placing 10th in the sub-index.
President Mahinda Rajapaksa in his Address at the 68th Session of the United Nations General Assembly held on September 24, 2013 said that: 'In the context of Sri Lanka, my vision has been to distribute the benefits of growth across all segments of the population and prevent inequalities, social exclusion and adverse environmental effects.
Socio-economic achievements in my country are the results of people centric government policies. Despite contending with one of the most ruthless terrorist groups in the world, the 2004 tsunami and the global food, energy and financial crises, Sri Lanka's attaining the MDGs is salutary. Statistics speak for themselves.
Sri Lanka was ranked 92nd out of 187 countries in the Human Development Index in 2012. Absolute poverty in Sri Lanka declined to 6.5% in 2012 from 15.2%, over a period of five years, surpassing the MDG mid- term target.'
Undisputedly the economic policies of the present Government has contributed largely to the rising of the prosperity index for Sri Lanka. Although the critics in the opposition ranks and the disapora propaganda machine oiled by the TGTE, the successor of the LTTE continuously and incessantly attack the economic and other policies of the Government it will be seen that the truth will finally prevail and these critics would be silenced in the near future in the face of the evident vast economic prosperity of Sri Lanka.
The forthcoming CHOGM would be an eye opener for the Commonwealth leaders to witness the rapid development processes taking place in Sri Lanka significantly in the North and East as they tour these regions during this month.
Economic development
At the recent launch of the Biography of the Speaker Hon. Chamal Rajapaksa at the BMICH written by a schoolmate of the writer at St.Aloysius' College Galle, a former D.I.G Punya De Silva, the great silent service rendered by the Speaker when he was the Minister of Irrigation was revealed when it was stated that the construction of many tanks including 'Mawara' the brainchild of Chamal had immensely benefited the people of Hambantota who were suffering with dearth of water for their cultivation activities. It is no secret that Sri Lanka's economic prosperity greatly depends on the improvement of agricultural activities.
The Rajapaksas including late D.A. Rajapaksa and his son the President have rendered yeoman service in this aspect of the improvement of the economy by granting the fertilizer subsidy and granting loans and other relief to the farmers.
The measures taken by Hon.Basil Rajapaksa for the improvement of economic development are also praiseworthy.
These measures for economic development and the prosperity of the nation has been made possible by the proper security measures taken for the safety of the land by Gotabhaya Rajapaksa and the infrastructure development of the City of Colombo and other urban areas as Secretary Ministry of Defence and Urban Development.
Sri Lanka is presently well on the road to prosperity reminiscent of the times of the great ancient kings such as Maha Parakramabahu.





