It’s my 40th birthday. I found myself reflecting on life and what it means to promote prosperity, in the broadest sense. That led me to the Legatum Institute‘s Prosperity Index.
The Prosperity Index provides a global assessment of wealth and wellbeing. The key findings are fascinating. In particular, “Entrepreneurship and opportunity correlate more closely to a nation’s overall prosperity than any other factor.” While other factors are still critical, it turns out entrepreneurship and opportunity is the best proxy for overall prosperity.
Here’s the relevant chart:
Whatever difficulties we may face, it is still true that entrepreneurship – the creative search to help other people – is still the best way for people to lift one another into wealth and well being.