Elite Quality Index 2025: The Sustainable Value Creation of Nations

(Hardback)

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The Elite Quality Index 2025: The Sustainable Value Creation of Nations (EQx2025), the leading global political economy index, is a comparative ranking measuring the sustainability of nations that assesses whether elites create value and expand a nation's knowledge capabilities or use their power to rent seek and maximize their own profits by transferring value from their stakeholders. The EQx2025 uses 149 indicators to analyze 151 countries and measures conceptual elements such as Power, Creative Destruction, and Unearned Income to determine whether the elites of a given country create or extract value from their nation. Elites are defined as those that lead a society's most important business models and range from technology giants to labor unions, with members including business, political, and knowledge elites. Their collective coordination capacity helps them to leverage their power and influence over institutions. A nation's elite system and its most powerful business models are essential for value creation and economic and human development. The report describes high-quality elites as those that can increase or grow the overall size of the economic pie, while low-quality elites use their power advantages to grow their own slice at the cost of others.

Author Bio

Tomas Casas-Klett is permanent faculty at the University of St.Gallen. He specializes in International Business, particularly on how to do business in Asia. He is the co-editor of both the annual Elite Quality Index (EQx) report on the sustainable value creation of nations and the annual Value Creation Ratings (VCr) report on the sustainable value creation of firms, as well as the author of the forthcoming book, The Elite Theory of Economic Development.

Guido Cozzi is Full Professor of Macroeconomics at the School of Economics and Political Science at the University of St.Gallen. With an outstanding publication record, he has been awarded several prestigious prizes as well as important research grants and has consulting experience with top institutions and industry associations. His research and teaching activities are in the fields of macroeconomics, economic growth, and development economics.