Daijiworld Media Network
UAE, Feb 13: The UAE has been ranked as one of the happiest country in the world, according to a report by Boston Global Consulting Group (BCG).
Top consultancy firm BCG released the study titled ‘Towards a Broader View of National Performance’ in collaboration with the 2019 World Government Summit, which is currently being held at Madinat Jumeirah.
The data which shows assessment of ‘income and happiness dynamics’ has put UAE ahead of countries such as USA, Canada, Belgium and France in terms of the happiness indicator.
Dr. Leila Hoteit, partner and managing director at Boston Consulting Group Middle East said, "As an advocate for enhancing lives across the world, we are proud to be part of conversations that help to shape government agendas which reflect a drive towards achieving societal well-being – an area that the UAE leadership continues to lead the world in through its happiness agenda."
Under the able leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister of UAE and ruler of Dubai, the country has adopted a happiness agenda. The globally unique, science-based programme analyses happiness levels, where people are asked to rate public services with emoji-style reviews. Not just that, the impact of change is being assessed and good behavior is rewarded.
UAE was recently named as one of the world's best places to work, ranking fourth for economics in HSBC's Expat Explorer survey of more than 22,000 people working abroad.
The BCG report highlights the need to go beyond the widely-used Gross Domestic Product (GDP) metric as a sole indicator of societal well-being and economic performance. While GDP is the most common national performance metric, its narrow scope bypasses critical societal factors, including education, health and the distribution of wealth.
The report suggests that by incorporating well-being metrics to complement GDP, the policies of government can be tuned to monitor socioeconomic dynamics, providing an early warning system to trigger course corrections.