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“Singapore Is Top Place To Be Born In Asia For 2013”- The Economist

The Economist, through its Economic Intelligence Unit (EIU) recently ranked Singapore as the top place to be born in Asia and sixth in the global arena in 2013. The EIU compiled a global quality-of-life index for 2013 and discovered these key findings.

The report revealed that Singapore ranks ahead of other major cities in Asia such as Hong Kong, Shanghai and Tokyo. Singapore has been a top-performing country in Asia in terms of economic stability, efficient health care system, attractive tax rates, political and social stability, booming tourism market and thriving international businesses.

The global quality-of-life index for 2013 by EIU attempted to measure which country will provide the best opportunities for a healthy and prosperous life in 2013 and the years ahead. The quality-of-life index links the results of the subjective life-satisfaction surveys (how happy people they say they are) to objective determinants of the quality of life in various countries around the world.

The report discovered that people around the world agree that richness and material wealth is not very much important in life. People are more interested in security, health of family, stability of the economy, and trust in public institutions.

There were 11 statistically significant indicators used in the survey. Some are fixed factors such as geography. Others depended on policies and the state of the world economy.

Meanwhile, income estimates for babies born in 2013 are based on projections for the year 2030, when those children will come of age.

Based on EIU’s survey, the top best places to be born in 2013 are: Switzerland, Australia, Norway, Sweden, Denmark, Singapore, New Zealand, Netherlands, Canada and Hong Kong.

According to Lara Kekik, Director, Country Forecasting Services of the EIU, small economies dominate the top ten spot. Half of these countries are Europeans, only one is from the euro-zone.

With its small but very stable economy, Switzerland comes in first, wealthy, healthy and trusting of its public institutions. The United States, “where babies will inherit the large debts of the boomer generation, languishes back in 16th place,” the EIU explains. Feeling the effects of the European monetary crisis, “the largest European economies, France (26), Germany (tied with the U.S. for 16) and Britain (27), do not do particularly well.”

The quality-of-life index also reflects changes in the Middle East and North Africa, where “life expectancy continues to increase steadily and political freedoms have spread across the globe,” though Nigeria comes in as the worst place for a baby to be born in 2013.