Economics
Rich Countries Often Fail to Bolster Well-Being, Boston Consulting Says
Sub-Saharan Africa and Emerging Asia lead the pack over an 8-year term in improving its citizens lives, while Western Europe remains at the top of the current index
A wind farm in Marshalltown, Iowa.
Photographer: Timothy Fadek/BloombergThis article is for subscribers only.
With economic growth trending downward globally, many of the world's largest economies are not converting what growth they have left into an increase in well-being for their citizens, according to a report by the Boston Consulting Group.
The SEDA, or Sustainable Economic Development Assessment ranks more than 160 countries across 10 areas including economic stability, health, governance and environment. It uses two measures, the first a current score taking into the most recent data and a rolling score that assesses how countries can convert economic growth into well-being over an eight year period from 2006 to 2014.