Sri Lanka Ranks top in the Social Mobility in South Asia

Sri Lanka ranks top in the Social Mobility in South Asia as 60th place ahead of other south Asian countries as well as Philippine and Indonesia as per the Global Social Mobility Index 2020. But there is huge disparity between the regions, where 17 of the top 20 most socially mobile societies are in Europe, two are in Asia (Japan, 15th and Australia, 16th), and one (Canada 14th) is in North America. The Nordic countries provide high quality and equitable education systems, strong social safety nets and inclusive institutions alongside job opportunities and good working conditions, the report says. “Economies that follow a model of stakeholder capitalism perform better on the index than those focused on either shareholder capitalism or state capitalism,” the report says.