Taiwan ranks fifth in a national wealth rating of developing countries compiled by the World Paper and Money Matters Institute, up a notch from a year ago.
The Wealth of Nations Triangle Index has been issued annually since 1996. It measures the balanced development potential of 70 developing countries around the world in terms of three subindexes -- economic environment, social environment and information exchanges -- on the premise that sustainable growth is dependent on balance. With a total of 63 variables, 21 variables in each of the three subindexes are gauged.
In the newly released 2004 Wealth of Nations Triangle Index for last year, Taiwan ranked fifth with a total score of 1,816, one place up from the 2003 rating.
South Korea ranked top in the 2003 survey, but dropped two notches to third place in the rating for last year. South Korea and Taiwan were the only two Asian countries to make the top 10 list for 2004.
Slovenia topped last year's rating followed by Israel, South Korea, the Czech Republic, Taiwan, Estonia, Hungary, the Slovak Republic, Lithuania and Latvia. Seven of the top 10 nations were East European countries.
China ranked 27th, up seven notches from the 2003 rating. In terms of the economic-environment index, China ranked sixth, higher than Slovenia and Taiwan, but its social environment rating was very low.