Name: Why Is New Zealand the Most Prosperous Country on Earth? - VisualPolitik EN
Uploaded: 2017-12-15T21:41:54.000Z
Duration: 10 min 30 s
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Have you ever asked yourself which is the
best country to live in?

Well, when we want to know which country that
is, we usually tend to take a look at the

But… however important and relevant this
indicator might be, it has certain… limitations.

See, this statistic is too wide and can hide
the influence of bubbles, the actions of dishonest

politicians, and more complex issues like
accounting for the online economy...

It is true, though, that wealth and comfort
are closely related to the GDP.

Let me explain: we could be analysing a country
with a per capita GDP higher than another,

but the latter could have a better welfare
despite having a lower GDP.

And there are other factors as well that are
not strictly economic but also affect the

social wellbeing of people, such as security
or freedom.

Alright, so now I know what some of you are
thinking...

Don’t all these things result in a wealthier
country, with a higher GDP?

Well, yes, probably, but it usually takes
a while before any of this can be seen in

For instance, Kuwait's GDP per capita might
be higher than in Germany, however, when given

the choice, I’d probably prefer to live
in the latter...

It is also more likely that Germany will do
more complex and high-added value activities

like creating patents and innovative companies…
at least in the long run.

In other words: Kuwait might be richer but,
at the same time, Germany might be taking

better advantage of its wealth in order to
produce welfare, sustainable wealth, technology

Well, that is why there are new indicators
to try to make a more accurate approximation

so we can work out the prosperity and comfort
of different nations.

One of them is the famous Legatum Prosperity
Index...

“National success is about far more than
just GDP.

It is about a healthy and happy life, a good
education for our children, a clean and protected

environment, family and communities we can
rely on, a safe place to live, opportunities

to start a business or get ahead, and the
freedom to be who we want to be.

According to the latest rankings, the most
prosperous country on Earth is…

To try to get a deeper knowledge of the prosperity
of a country, beyond the GDP, the Legatum

Prosperity Index considers tons of different
factors: economics, business, civil liberties,

Well, every aspect that accounts for quality
of life in a country.

So, in the latest ranking, the result was
clear: nowadays New Zealand, the land of kiwi,

is the most prosperous country on the planet.

And honestly, it wasn't a surprise at all.

New Zealand has taken first place six times
in the last ten years.

And now you might be wondering: Which are
the countries New Zealand is competing with

to win the crown of the best country on Earth?

At the top of the list we can find countries
like Norway, Finland, Switzerland, Canada

I should mention that we are soon going to
explain on this channel show this country

achieved all of this after so much crisis.

So you know, if you want to know more, do
not forget to subscribe!

If you think New Zealand is ranked number
one for just this indicator, you couldn’t

If we consider the Doing Business ranking,
for instance (a ranking that classifies countries

according to how easy it is to set up a company
and do business) we can see that New Zealand

is also in the number one spot in the latest
ranking.

“New Zealand Dethrones Singapore as Easiest
Place to Do Business”

If we use the Index of Economic Freedom from
the Heritage Foundation, we will see New Zealand

in third position, right after Singapore and
Hong Kong…

If we use the ranking of the Fraser Institute
(a ranking that considers both economic and

civil freedom) New Zealand is also in the
top 3, just behind Hong Kong and Switzerland.

And if this is not enough for you and you
want more specific information, I can also

tell you that New Zealand is the least corrupt
country on Earth according to Transparency

Yep, unlike other countries we happen to know
well... it is very uncommon for this country's

government to have their hands in the till...

Furthermore, this is also one of the safest
countries in the world, one of the most environmentally

friendly, and it also has the All Blacks,
the best national rugby team in the planet!

But let’s stop talking about rankings because
we could go on forever…

They do seem to make one thing clear, and
that is that on paper New Zealand sure does

look like one of the best places in the world
to live…

By the way, jere is a surprising fact about
Aotearoa (as it is said in Maori - which is

They are really proud of the Maori culture
and the integration of these polynesian people

the British found when they arrived on these
islands.

It is true, no matter where you go, the Maori
culture is present.

Okay, so moving on… on the 23rd of September
2017, elections took place in this country.

The first thing we need to remember is that
New Zealand is a constitutional monarchy.

That´s right: Elizabeth II is still the queen
of this country.

In New Zealand the government is elected by
the parliament and the term lasts three years.

Further, when New Zealanders go to vote, they
have to vote twice:

One of the votes goes to a single candidate
from one political party.

This will will complete a part of the parliament
- the other will go to an MP who will represent

So, as we said, on the 23rd of September New
Zealand held an election and it was a clear

victory for the National Party of Bill English.

Bill English already was, by the way, the
Prime Minister since the resignation of John

We are also going to talk about this former
prime minister some day.

So, this new victory for the National Party
was historical in a way.

And it was for two reasons: first: because
never before had this party got so many votes

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Why Is New Zealand the Most Prosperous Country on Earth? - VisualPolitik EN

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