The Wealth of Nations Index is an innovative measure of economic development created by the Warsaw Enterprise Institute.
What does the Wealth of Nations Index measure?
– "It is based on two pillars. Private per capita spending and quality-rated public spending. We don't want to compete with a measure such as GDP, but awareness of the inadequacies of this traditional indicator makes us look for alternatives that show economic reality in what we think is an instructive way" – explains Sebastian Stodolak, the man behind the idea and a vice-President of the Warsaw Enterprise Institute.
The author of the method and calculations is Karol Zdybel, an economist and doctoral student in the European Doctorate in Law and Economics program at the Universities of Bologna, Hamburg and Rotterdam.
This year's edition includes a new category - freedom of speech and association, which is correlated with the transparency of public finances, and transparency with their quality. This category is all the more important because today's world is marked by competition between democratic (transparent) and authoritarian (non-transparent) regimes.
