The Elite Quality Index
Here are the top ten, by Tomas Casas and Guido Cozzi:
1. Singapore
2. Switzerland
3. Germany
4. United Kingdom
5. United States
China comes in #12, Mexico wins for Latin America, Poland overperforms and France (!) underperforms. Botswana is #23, and Argentina…uh-oh. I don’t quite understand how the index is constructed, but how much a given elite focuses on Value Creation and avoids rent-seeking seems to be a key consideration. The degree of Regulatory Capture counts as a negative. Overall, the U.S. does very, very well on many metrics, but does poorly on Value Extraction.
Here is the underlying paper. Here is the sponsoring organization. Here is a lengthy treatment of the methodology. For the pointer I thank Chandran.