Today-May 25

Singapore has retained the top spot for the second year running in a global index that ranks 151 countries by measuring the way in which “elites” contribute to the wealth and development of their societies. The Elite Quality Index 2021, released on Monday (May 24), examined the countries across four broad areas — economic power, economic value, political power and political value. The index is a collaboration between the Singapore Management University (SMU), the University of St Gallen in Switzerland, international academic partners and the St Gallen-based non-profit organization Foundation for Value Creation. However, the results showed that Singapore was lacking in several areas such as entrepreneurial culture, which is stymied by a risk-averse society. It scored poorly as well in some political areas such as press freedom and inclusiveness for the lesbian, gay, bisexual and transgender/transsexual people (LGBT+) community.

Read more at https://www.todayonline.com/singapore/singapore-tops-global-index-value-elites-add-society-second-straight-year