Study: US Ranks 17th in world in overall prosperity

"Missouri actually does very well in the open economy, 12th overall, and its acutally moved up nine ranks in the past decade," says Shaun Flanagan.

The Randy Tobler Show
April 15, 2020 - 7:30 am
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(KFTK) – Shaun Flanagan, the Director of Metrics at the Legatum Institute joined Randy Tobler this weekend to discusss the ranking of the US in terms of overall prosperity.

Flanagan says the group has been studying this for 13 years and are looking at both an econimic and social well-being of citizens, "often prosperity is thought of probably more in terms of financial or wealth. We believe that's important, but to lead a truly flourishing life, you also need a social well-being of people to be improved as well."

"The US is very interesting," says Flanagan. "There are three domains in the index. There's the economic domain,  the inclusive-society domian, and the empowered-people domain, all of those three come together to talk about overall prosperity.

"On the economic-domain, the US ranks 4th in the world," says Flanagan. "When you look at the inclusive-socity and empowered-people [rankings], it ranks 21st and 27th on those two. So overall, US prosperity ranked 17th in the world.  Now that is still pretty high."

Flanagan's rankings included individual ranks for states.

"Missouri actually does very well in the open economy, 12th overall, and its acutally moved up nine ranks in the past decade," says Flanagan.

 

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