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The Legatum Centre for National Prosperity which ranks countries in the Prosperity Index says, "Uganda performs most strongly in Enterprise Conditions and Investment Environment but is weakest in Living Conditions. The biggest improvement compared to a decade ago came in Economic Quality."
The organisation, which is dedicated to advancing the understanding of what drives success in nations and providing practical insights to policymakers, organizations and communities around the world to build their own pathways to prosperity, defines prosperity as an inclusive society, with a strong social contract that protects the fundamental liberties and security of every individual.
"Prosperity is driven by an open economy that harnesses ideas and talent to create sustainable pathways out of poverty."
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- People live in peace, free from the threat of violence, oppression, and crime.
- Everyone’s inherent dignity is respected, and freedom of speech, worship, and assembly are protected.
- Governing institutions act with integrity, are accountable to citizens, and are subject to the rule of law.
- Stable families and supportive communities instil the values that shape the culture and build the bonds of trust needed for society to flourish.
- Property rights are protected, so investment can flow.
- Business regulation enables entrepreneurship, competition, and innovation.
- Open markets and high-quality infrastructure facilitate trade and commerce.
- Fiscal and monetary policies are used responsibly to foster employment, productivity, and sustained economic growth.
- Prosperity is built by empowered people, who create a society that promotes wellbeing.
- Everybody is able to build a life free from poverty.
- People take care of their physical and mental health and have access to effective healthcare.
- Learning is valued and everyone receives a high-quality education, so they can reach their potential.
- The natural environment is stewarded wisely, as a legacy for present and future generations.
"Ultimately, prosperity is not just about what we have; it is also about who we become."
FIND HERE: Legatum Prosperity Index 2023