Denmark world’s third most prosperous nation

In the 2015 Prosperity Index, released by the Legatum Institute on Monday, Denmark was ranked behind just Norway and Switzerland, moving up one spot from last year’s ranking.
The top of the index slanted Nordic, with Sweden (fifth), Finland (ninth) and joining Denmark and Norway in the top ten. Iceland was not far behind at 12th.
Image: Legatum Institute
Image: Legatum Institute
However, the report’s authors said that the Nordics’ hold on the top position in the index masked an underlying decline in economic performance — one of eight factors used to rank the world’s countries. Although Denmark was third overall, it was at number nine in the economy sub-index.
“The Prosperity Index shows that the Nordics are prosperous places, however, prosperity cannot be taken for granted and without robust job growth the Nordics will struggle to remain at the top of the pile,” the report’s authors wrote.
Denmark’s best performance was in the category of entrepreneurship and opportunity, echoing the results of last week’s Doing Business report from the World Bank, which pointed to the ease of starting a company as one of the key reasons for Denmark’s position as Europe’s best country for business.
Denmark ranked lowest in the health index, where it was number 16.
In a special report on the “struggling Vikings” in the Nordics, the Legatum Institute warns that Denmark’s labour market performance is struggling.
“Sweden and Denmark have failed to bring unemployment back to pre-crisis levels, while Finland continues to see a rise in unemployment. In contrast, the United Kingdom and the United States have seen unemployment fall to near pre-crisis levels,” the report reads.
Swedish free market economist Nima Sanadaji also wrote in the report that unemployment may be higher than it appears in many of the Nordic countries.
“Early retirement is one of the main, but not the sole, tactics used in the Nordic welfare systems to hide true unemployment,” Sanandaji wrote. “Another example is that unemployed individuals participate in labour market programmes with limited prospects of gaining employment, or are excluded from the labour force for various reasons.”
The institute argues that the ‘Anglo-Saxon’ labour market model seen in the UK and US seemed to be doing a better job of creating jobs after the crisis.
The Legatum Institute, backed by the reclusive billionaire New Zealander Christopher Chandler, ranks the world’s countries according to economy, entrepreneurship, governance, education, personal freedom, health, security and social capital.

Published by CityFella

Big city fella, Born and Raised in the San Francisco Bay Area. Lived in New York (a part time New Yorker) for three years . I have lived in the Sacramento area since 1993. When I first moved here, I hated it. Initially found the city too conservative for my tastes. A great place to raise children however too few options for adults . The city has grown up, there is much to do here. The city suffers from low self esteem in my opinion, locals have few positive words to say about their hometown. visitors and transplants are amazed at what they find here. From, the grand old homes in Alkali Flats, and the huge trees in midtown, there are many surprises in Sacramento. Theater is alive is this area . And finally ,there is a nightlife... In.downtown midtown, for the young and not so young. My Criticism is with local government. There is a shortage of visionaries in city hall. Sacramento has long relied on the state, feds and real estate for revenue. Like many cities in America,Downtown Sacramento was the hub of activity in the area. as the population moved to the suburbs and retail followed. The city has spent millions to revive downtown. Today less than ten thousand people live downtown. No one at city hall could connect the dots. Population-Retail. Business says Sacramento is challenging and many corporations have chosen to set up operations outside the cities limits. There is vision in the burbs. Sacramento has bones, there are many good pieces here, leaders seem unable or unwilling to put those pieces together into. Rant aside, I love it here. From the trees to the rivers. But its the people here that move me. Sacramento is one of the most integrated cities in America. I find I'm welcome everywhere. The spices work in this city of nearly 500,000 and for the most part these spices blend well together. From Ukrainians to Hispanics and a sizable gay community, all the spices seem to work well here. I frequently travel and occasionally I will venture into a city with huge racial borders, where its unsafe to visit after certain hours. I haven't found it here. I cant imagine living in a community where there is one hue or one spice. I love the big trees, Temple Coffee House, the Alhambra Safeway, Zelda's Pizza, Bicyclist in Midtown, The Mother Lode Saloon, Crest Theater, and the Rivers. I could go on and I might. Sacramento is home.

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