CS Global Partners – The World’s leading Government Advisory and Marketing Agency published the second edition of the World Citizenship Report last week on April 20, 2023. The report is the world’s first-ever endeavour investigating the value of citizenship through the perspective of the global citizen.
The report featured a number of surveys and the World Citizenship Index, categorizing the different countries through rankings based on a variety of aspects.
The World Citizenship Index featured in the report stated that a total of 188 countries were briefly surveyed, in which Denmark topped the list of 11 countries with a rating of 84.1, followed by New Zealand at number two with a rating of 83.2 and Singapore at number three with a rating of 83.7 respectively.
The data and analysis were derived from different aspects called the motivators, such as Safety and Security, Economic Opportunity, Quality of Life, Global Mobility and Financial Freedom.
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All of the mentioned aspects were evaluated as per the needs and demands of a global citizen beyond any conventional measures.
The evaluated motivators are called the most relevant aspects that a global citizen looks up to while finding the best citizenship programme across the world. The surveys have been conducted under the World Citizenship Index (WCI), WCR’s data-driven tool, which targets a vast majority of the population in order to provide the best outcomes based on the most demanded requirements among global citizens.
This year’s World Citizenship Report released by the CS Global Partners focused on a much wider perspective, unlike last year’s report, which mainly revolved around High-Net-Worth Individuals (HNWIs). Furthermore, the derived report was based on a unique methodology through which the strengths and weaknesses of the surveyed nations were assessed under the mentioned five key motivators.
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On her part, CEO of CS Global Partner – Micha Rose Emmet, has presented her remarks and noted that the World Citizenship Report of 2023 was derived in a unique way as it aimed at the required needs of the global citizens based on every possible aspect. This year’s report is mainly based on the mindset and priorities of the people they find while searching for citizenship.
Moreover, Micha Emmet particularly emphasized that it has been understood that irrespective of the people’s background and communities or cultures, all of them have one thing in common, which they chase despite having distinguished pain points and demands is called freedom. She added that freedom has a different meaning for every individual based on their mentality and life goal.
“At this juncture, I wish to link this concept of freedom to Maslow’s Hierarchy of Needs. Individuals may feel insecure that they are not getting the basic necessities like food, water, shelter, or healthcare in their home country,” she outlined. “Along with freedom, all of these insecurities and life needs in the home country can be one of the prominent reasons behind the search for second citizenship with a more secure and safe environment for a person and his/her family,” she continued remarks.
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And this is the suitable scenario where the World Citizenship Report comes into the picture. Not only does the report shows a data-intensive product that highlights the significance of nationality. This holistic approach concentrates on global citizens’ principles when finalizing
where to work, live, educate themselves along with their families, and place down secondary roots.
Moreover, the different rankings of around 188 countries mentioned in the World Citizenship Report have been derived and collected through a number of global organizations. In order to quantify and construct a score for each of the WCI’s five motivators, the report relied on publicly available, official statistics sources published by the World Bank Group (WBG), the World Economic Forum (WEF), the United Nations World Tourism Organisation (UNWTO), United Nations Development Programme (UNDP), and other internationally renowned organizations.
Additionally, it was also stressed that the report was also based vastly on three different stages to conclude the ranking of all 188 countries. The three stages are distinguished, and the process was divided equally respectively, which read as follows:
STAGE 1
Stage 1 includes in-depth interviews and focus groups conducted with existing global citizens and experts within the citizenship solutions industry to identify the most important themes pertaining to the value of second citizenship.
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STAGE 2
Findings from the qualitative data analysis are used to design a custom survey to test both the validity and relative importance of the themes gleaned from interviews. Over 1000 mass affluent individuals complete the survey from around the world.
STAGE 3
The selection of index components and weightings is completed after a final review of the data and consultation with our experts. Overall country scores are calculated as a weighted average of the five principal motivators scored using official statistics sources.
The key Five Motivators responsible for the detailed evaluation and assessment of the World Citizenship Report are further explained below:
FINANCIAL FREEDOM MOTIVATOR: Denmark has topped the list in this special motivator, with the other twenty countries following. In this regard, the idea of Financial Freedom revolves around the growing desire for citizens to conduct their own financial affairs, such as wealth management and estate planning, without undue surveillance and/or burdensome regulations that are a feature of the current economic climate.
It was also mentioned that with a total weighting of 15 per cent, the nations with the greatest financial freedom come from diverse regions, with the top three positions of 15% going to Denmark, New Zealand, and Singapore.
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“Honestly speaking, being an entrepreneur, of course, I think that the government of a country should be less involved in all the regulations of businesses and the economy,” an entrepreneur stated when asked about the aspect of Financial Freedom.
SAFETY AND SECURITY MOTIVATOR: Iceland is at the top of the leaderboard of this motivator with 95.8 ratings and New Zealand with 95.1, and Switzerland with 93.1 ratings. This motivator further relies on data from the Global Peace Index (GPI), an annual report released by the Institute for Economics and Peace that estimates the relative position of nations and regions according to their levels of peacefulness.
As an additional statistical input, Safety and Security use several dimensions from the Worldwide Governance Indicators (WGI) published by the World Bank, including Voice and Political Stability, Accountability and Absence of Violence, and Rule of Law.
The Safety and Security motivator accounts for 25 per cent of a nation’s overall World Citizenship Index (WCI) score. It measures the extent to which second citizenship can offer greater safety and security to the citizen. For me, it’s about [the] safety of my business and [the] safety of the money that I earn,” said a testimony.
ECONOMIC OPPORTUNITY MOTIVATOR: The WCI’s Economic Opportunity motivator measures the overall financial status of a nation to extend material comfort, wealth, and other key benefits and signs of a strong economy to all of its citizens. In this motivator, Singapore is leading the board with 84.8 ratings, followed by the United States of America and Hong Kong with 83.7 and 83.1 ratings each.
The resulting data indicates that East Asia dominates the top five positions of the ranking, securing three spots with Singapore, Hong Kong, and Japan one after another. This component relied on numerous data sources, including the Global Competitiveness Report (GCR) published yearly by the World Economic Forum (WEF).
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QUALITY OF LIFE MOTIVATOR: With ratings of 90.9, Monaco leads the table of quality of life motivators, with Denmark and Hong Kong at number two and three with ratings of 90.6 and 90.4. This motivator relies on the Human Development Index released by the United Nations (UN) Development Programme, which is the world’s most authoritative measure of human development across multiple dimensions.
The secondary component of the Quality of Life motivator assesses the ability of a country to provide a more cleaner, more resilient environment through sustainable actions. “The ability of a nation-state to provide its citizens with the essential services for a good standard of living is arguably the most universally sought-after attribute of citizenship,” said a participant in a survey.
GLOBAL MOBILITY MOTIVATOR: The Global Mobility Motivator is based on the ease and opportunities to travel the world for several different reasons, whether for leisure, business trip or vacations and lifestyles. This motivator allows the global citizen to travel freely around the world without extra jurisdictions and regulations.
For such purposes, a second passport is the essential insurance policy, or ‘Plan B’, that can guarantee physical security and safety against potential economic, political, or health crises.
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The global mobility motivator weigh 15 percent in the overall percentage of the World Citizenship Index.
In this regard, Japan was recorded at 88.9 ratings in terms of global mobility, followed by Singapore and Germany at 88.5 and 87.5 ratings, respectively. “No, it is totally separate. You can be American but have a different culture, like Mexican or Puerto Rican. So, the culture is totally independent of the citizenship,” noted a participant researcher.
In the end, the reports stated that 75 per cent of the final Global Mobility weighting is derived from the visa-free travel performance, with 25 per cent of the weighting attributed to business hub access.
