Social and Behavioral Sciences Commons^™

Singapore: Value Creating Elites Lead The World, Christine Henderson

Research Collection School of Social Sciences

Singapore country scorecard for the 2021 Elite Quality Index (EQx2021), a global ranking of countries built on the notion of ‘elite quality’. Elite quality is a macro-level feature of the political economy that measures the value creation aggregate of all elite business models. Elites are dominant coalitions with the strongest capacity for coordination in societies and operate the highest impact business models. Elite business models can either create sustainable value or extract value from others, primarily from non-elites (i.e., through rent-seeking). Value creation activities include innovation, trade or production; value extraction includes barriers, discrimination or monopolies. The higher the value …