About News Support us Contact us Explore our work Our Definition of Prosperity True prosperity is when all people have the opportunity to thrive. What is prosperity? Prosperity is underpinned by an inclusive society, with a strong social contract that protects the fundamental liberties and security of every individual. In a prosperous society: People live in peace, free from the threat of violence, oppression, and crime. Everyone’s inherent dignity is respected, and freedom of speech, worship, and assembly are protected. Governing institutions act with integrity, are accountable to citizens, and are subject to the rule of law. Stable families and supportive communities instil the values that shape the culture and build the bonds of trust needed for society to flourish. Prosperity is driven by an open economy that harnesses ideas and talent to create sustainable pathways out of poverty. In a prosperous society: Property rights are protected, so investment can flow. Business regulation enables entrepreneurship, competition, and innovation. Open markets and high-quality infrastructure facilitate trade and commerce. Fiscal and monetary policy are used responsibly to foster employment, productivity, and sustained economic growth. Prosperity is built by empowered people, who create a society that promotes wellbeing. In a prosperous society: Everybody is able to build a life free from poverty. People take care of their physical and mental health and have access to effective healthcare. Learning is valued and everyone receives a high-quality education, so they can reach their potential. The natural environment is stewarded wisely, as a legacy for present and future generations. True prosperity means everyone has the opportunity to thrive by fulfilling their unique potential and playing their part in strengthening their communities and nations. Because ultimately, prosperity is not just about what we have; it is also about who we become. Our research programmes Our Centre for UK Prosperity is dedicated to creating the pathways from poverty to prosperity for England, Wales, Scotland, and Northern Ireland. Courage in Journalism The Courage in Journalism Award was created to highlight the dangers faced by journalists around the world, and is presented posthumously to a journalist whose death in the past year was a direct result of their work. Covid Impact Assessment Unit Our Covid Impact Assessment Unit builds on our metrics expertise and understanding of the holistic nature of prosperity to highlight the potential impact of policy decisions made in response to the ongoing pandemic. UK Poverty Unit Our UK Poverty Unit uses our poverty policy simulator to hold Government to account for the impact of policies on the most disadvantaged Race Equality Commission Building on the data and analysis available in the Government’s 2017 Race Disparity Audit, the Commission will explore why racial disparity exists in the UK and identify the changes that would make a tangible difference to people’s lives and lead to a lived experience of racial equality. Legatum Prosperity Index Since 2007, the Legatum Prosperity Index™ has evaluated long-term changes in global prosperity, pinpointing drivers of progress and highlighting those nations that have made the greatest strides forward. Learn more about the Legatum Prosperity Index™ Sign-up for our newsletter Please complete the form with your contact details to receive updates from the Institute. If you need help to fill the subscription form please contact email info@li.com All information will be stored, processed and used in accordance with our privacy notice, which can be found here. You can opt out of receiving updates from us at any time by emailing: info@li.com, by calling: +44 (0)20 7148 5400 or writing to: 11 Charles Street, London, W1J 5DW. The Legatum Institute Foundation The Legatum Institute Foundation is a registered charity (number 1140719), and a company limited by guarantee and incorporated in England and Wales (company number 7430903), registered address 11 Charles Street, London, W1J 5DW Site Map About Research Publications Events Support us Social Twitter LinkedIn YouTube Contact Us 11 Charles Street, London, W1J 5DW, United Kingdom T: +44 (0) 207 148 5400 (Switchboard) E: info@li.com © 2020 Legatum Institute Foundation. All rights reserved. Privacy Policy