BhutanBhutan, which pioneered the happiness index, is not included in the survey.
No. 1 DenmarkDenmark has a high standard of living, negligible poverty, and a broad range of social services.
No. 4 Finland
With 25 days of annual leave plus 10 public holidays, Finns get a total of 35 paid days off.
No. 3 NorwayOne of the richest countries in the world, Norway is also high ranking in social capital, safety, and security.
No. 4 The NetherlandsA robust democracy with broad civil liberties and lots of social cohesion makes the Dutch a happy people.
Pre-Opening Wheat Market Report for 1/20/2011
March wheat was down 6 1/4 cents late in the overnight session. Outside markets look bearish with concerns that the strong economic news from China might lead to tightening monetary policy, and this has cast a negative demand tone on commodity markets. Food inflationary fears appear to have given wheat demand a near-term boost, as many countries are starting to focus on securing supplies of wheat, rice, cooking oil and sugar to meet their domestic demand. However, concerns that China's actions to slow their economy might ease demand for commdodities worldwide helped to pressure metals, energy and grain markets overnight. Tunisia has issued a tender to buy 25,000 tonnes of durum wheat and 25,000 tonnes of barley. March wheat closed higher on the session yesterday but more than 10 cents off of the early highs. More flooding concerns in Australia and continued dryness in the US Central Plains helped to provide support. Traders also see cold and very dry conditions in parts of China as a potential supportive force. A more aggressive import pace from key importers on the world market with talk of more urgency for the new tenders helped to support higher trade early yesterday with new crop July wheat moving to the highest level since September of 2008. Iraq issued a tender to buy at least 100,000 tonnes of wheat from any origin for shipment in February. Aggressive buying from Algeria, Turkey and others in the past week plus talk that Australia wheat could suffer further quality issues because of recent flooding rains also helped support strong buying and higher prices. A turn lower in corn and the stock market helped ease the buying support after the early surge, but the market held on to part of the early gains into the close. Argentina farmers are continuing their 5-day protest over taxes, and this has brought wheat and other grain shipments to a standstill this week. Japan bought 149,114 tonnes at their weekly tender.
No. 1 SwitzerlandSwitzerland remained on top of the list for the fifth time due to its excellent tourism facilities, superior human resource base and well-managed natural resources.
No. 7 SwedenSocial equity, one of the best welfare systems in Europe, and a great work/life balance keep Swedes smiling.
No. 8 New ZealandNew Zealand’s high tolerance for personal freedoms and immigration put it in the Top 10.
Australia No. 9A booming economy, excellent education, abundance of natural resources, and efficient government put Australia high on the list.
No. 10 IrelandEconomic growth, rising standards of living, an open economy, and excellent education system contribute to the overall happiness of the Irish.
No. 11 United StatesJust out of the Top 10, the United States boasts clean water, high health standards, and excellent conditions for starting a business.
No. 12 Costa RicaA high life expectancy and commitment to the environment make Costa Ricans very happy.
On Monday, representatives at the UN took a day off from discussing the sad realities and crises engulfing the globe to discuss something totally different: how to be happy. That's right, the geniuses in New York held a high-level event in the UN General Assembly hosted by the tiny Himalayan kingdom of Bhutan to look at the happiest countries in the world and discuss how to put happiness on the global agenda.
So what's going on in Turtle Bay? More than you may think. It turns out happiness research is one of the hottest fields in development economics and the government in the Bhutanese capital of Thimphu may just have a thing or two to teach our world leaders.
Nearly 40 years ago, the grandfather of the current constitutional monarch, King Jigme Khesar Namgyel, initiated the idea of an alternate model to gross national product as a measurement of national progress. The 800,000-person kingdom -- where the per capita income is an estimated $670 -- has become a mecca for Western policymakers seeking knowledge on national happiness in the globalized world.
Indeed the debate is growing over how to best measure the progress of countries beyond monetary valuations -- and how to best set public policy to boost well-being.
According to the World Happiness Report published by the Earth Institute of Columbia University for Monday's meeting on Wellbeing and Happiness: Defining a New Economic Paradigm, rich countries awash with wealth have a lot to learn from the kingdom of Bhutan, which is admired less for its gross domestic product than for its gross national happiness index (the highest in Asia, according to recent reports).
Many of the results may seem obvious. The happiest countries in the world are all in Northern Europe while the least happy countries are all in Sub-Saharan Africa. However it's not just wealth that makes people happy: Political freedom, strong social networks and an absence of corruption are, according to the researchers, far more important than income in explaining well-being differences between the top and bottom countries.
These are among the findings of the world's first ever happiness report, commissioned for the April 2 UN Conference on Happiness. The report reflects a new worldwide demand for more attention to happiness and absence of misery as criteria for government policy. It also reviews the state of happiness in the world and shows how the new science of happiness explains personal and national variations.
According to the report -- which was co-authored by economists Jeffrey Sachs of the Earth Institute, Richard Layard of the London School of Economics, and John Helliwell of the Economics Department of the University of British Columbia -- on average, the world has become a little happier over the last 30 years. The rise in living standards, however, hasn't always had a direct impact on happiness (i.e. the United States).
On a more personal level, the researchers argued that good mental and physical health, someone to count on, job security and stable families are crucial.
Press Start for a look at the 12 happiest countries in the world according to the World Happiness Report and let us know what you think in the comments' section below.