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The Most Privileged Nations in the World

Published: 22nd September 2021 11:57

 

It looks at opportunity, freedom, health, and financial independence, evaluating hundreds of data points to determine how privilege a country is. According to recent research, the world's wealthiest countries have risen to the top of their respective league tables. This research looked at 44 nations utilizing data from the United Nations, World Bank, and other sources.

To determine which countries are most privileged, the researchers looked at 20 different factors in the areas of opportunities and freedom; health conditions and financial independence, education systems, employment rates, income distribution, advancement opportunities, and human rights, freedom to travel, and gender equality, among others.

Foreign people are discriminated against in many countries because of strict immigration procedures that are accompanied by costly fees and devalued educational credentials as well as scholarship quotas that favor inhabitants of wealthy nations.

"Privilege" has been criticized for not distinguishing between "spared injustice" and "unjust enrichment" when referring to socioeconomic disparity in general. Some of the countries, which are referred to as the most privileged nations according to different parameters are mentioned here:-

·       Canada

It's the first time that Canada, the world's second-largest country in terms of landmass, is ranked first overall, moving up one spot since 2020. It is ranked #1 in perceived quality of life and social purpose, as well as perceived adaptability, entrepreneurship, education, and economic and political stability, according to the World Economic Forum.

 

·       Japan

It now ranked No. 2 in the world, up from No. 3 in 2020. Despite being made up of four main islands, the country ranks first in the world for entrepreneurship, sixth in terms of people who relocate, and fifth in terms of cultural impact.

 

·       Germany

It is ranked third overall and in the top five for its top ranks in entrepreneurship, power, and agility, according to the World Economic Forum. President Angela Merkel, who will serve her final term through September 2021, enjoys one of the highest popularity ratings among important world leaders.

 

·       South Africa

South Africa rounds out the list of the world's wealthiest nations, coming in behind India, Brazil, and Colombia. Even while South Africa ranks highly in terms of social solidarity, air quality, and gender equality. 

 

The country has enormous problems in the areas of unemployment and education at all levels. Indian employment rates are excellent, but financial independence and wealth creation remains a struggle.

 

·       Switzerland

When it comes to the world's most privileged countries, Europe dominates the list, with Switzerland at the top. There are more billionaires in Switzerland than in any other country in the world, and its median wealth is 230,000 USD. They also have the highest degree of gender equality and a passport that is more powerful than any other country.

·       India

Despite having a high employment rate, India has enormous obstacles in achieving financial independence and generating wealth. In India, the typical person earns about 1,800 USD a year, whereas the world's average annual income is 28,600 USD.

 

When it comes to professional opportunities, civil freedoms, safety, and financial stability, every country on the globe is unique. These four pillars are used in this study to identify the persons who are the most affluent in society.

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