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Social capital
The Social Capital of a nation is the sum of social stability and the well-being (perceived or real) of the entire population. Social Capital generates social cohesion and a certain level of consensus, which in turn delivers a stable environment for the economy, and prevents natural resources from being over-exploited.
In addition to local historical and cultural influences, the social consensus in a society is affected by several factors: health care systems and their universal availability/affordability (measuring physical health); income and asset equality, which are correlated to crime levels; demographic structure (to assess the future generational balance within a society); freedom of expression and freedom from fear; and the absence of violent conflicts. Only in these circumstances can the economy flourish, generate value, jobs and income for the population. The Socail Capital Index is based on indicators related to the following clusters:
The Social Capital Index 2021 – Key Observations
- The Social Capital Index is topped by the Scandinavian nations
- The top 20 in the Social Capital sub-index is dominated by Western European countries and the Baltics – only South Korea (13), Japan (15), and Singapore (16) break into the ranks
- The United Arab Emirates is ranked 23, Saudi Arabia 52
- The USA, due to comparable high crime rates, low availability of health services, and rising inequality, is ranked 95, just below Trinidad.
- The UK is ranked 46, reflecting the deteriorating social fabric.
- China is ranked 32, Russia 88, India 123, and Brazil 128
- The highest ranked South American countries are Costa Rica (54), Ecuador (63) and Chile (68); the highest-ranking African nations are Burkina Faso (81). Niger (84) and Tunisia (86)
- Most African nations, particular within and south of the Sahel zone, are at the bottom of this list, due to a combination of low availability of health care services and child mortality, limited freedom of expression, and unstable human rights situation
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Categories: American Decline
