The Asian continent is the birthplace of many rich ancient civilizations of the world. It is also the largest continent in land area and it includes the most number of countries as a continent. Even though Europe and America seemed to dominate the world economy and have superiority among the rest of the countries of the world, Asia has managed to come to the limelight in the recent past and there are many strong economies that are emerging in the Asian region. China has already secured a major position as a key player in the world economy and Japan, Hong Kong, Singapore, Dubai, India and South Korea have also managed to challenge the European countries and their economies. There are many ways to measure the well being and the success of a nation. This article provides a brief summary of such indexes and the performance of Asian nations.
Corruption perception index
Corruption is simply defined as the “misuse of public power for private benefit” and the Scandinavian countries have managed to secure the first 3 positions of this index. European countries and New Zealand are in the top 7 whereas Singapore has managed to obtain the 8th position of this index. Next in line is Hong Kong and Japan in the 18th position and Qatar in the 23rd position. Efficiency and transparency in fraud investigation in Hong Kong, Japan and Singapore have resulted in the low levels of corruption in these Asian countries.
Human Development Index
The HDI is an index which is a combination of the statistics life expectancy, education and income per capita of individuals. Countries are categorized under three tiers according to this index and the countries with higher HDI have longer life expectancy, high levels of education and high per capita income. Under this index, Singapore Hong Kong, South Korea and Japan are within the top 20 having rankings of 11th, 12th, 17th and 20th respectively. Singapore and Hong Kong were able to secure better positions than the European nations such as UK, Sweden, Luxembourg and Iceland. This was mainly due to low levels of infant mortality, developed infrastructure, high levels of literacy, higher GDP and efficient fraud investigation in Hong Kong and Japan, see this if you want to hire a private investigator.
Ease of doing business
The basic criteria of this index are the existence of simpler and fewer rules to start up and carry out business activities and the existence of strong and strict measurements to protect property rights. The sub indices that are used in the calculation of this index are, starting a business, dealing with construction permits, getting electricity, registering property, getting credit etc. Singapore has secured the top of the table of ease of doing business index and South Korea and Hong Kong has secure 4th and 5th positions respectively. Apart from them there is Malaysia and Taiwan among the top 20 countries of ease of doing business from the Asian region.