A critical review on the worldwide economist intelligence unit, Mercer and Monocle quality of life indicators

Abstract: This article discusses selected worldwide indicators on quality of life vis-à-vis liveability. It comprises indicators promulgated by the Economist Intelligence Unit (EIU), Mercer (The global human resources consulting firm) and Monocle (The culture and lifestyle magazine). By index, the E...

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Main Authors:	Ahmad Sarkawi, Azila, Abdullah, Alias, Md. Dali, Norimah
Format:	Article
Language:	English
Published:	Academic Star Publishing 2017
Subjects:	AS Academies and learned societies (General)
Online Access:	http://irep.iium.edu.my/60594/ http://irep.iium.edu.my/60594/7/60594_A%20critical%20review%20on%20the%20worldwide%20economist%20intelligence%20unit.pdf

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recordtype	eprints
spelling	iium-605942018-01-31T17:47:53Z http://irep.iium.edu.my/60594/ A critical review on the worldwide economist intelligence unit, Mercer and Monocle quality of life indicators Ahmad Sarkawi, Azila Abdullah, Alias Md. Dali, Norimah AS Academies and learned societies (General) Abstract: This article discusses selected worldwide indicators on quality of life vis-à-vis liveability. It comprises indicators promulgated by the Economist Intelligence Unit (EIU), Mercer (The global human resources consulting firm) and Monocle (The culture and lifestyle magazine). By index, the EIU refers it as Global Liveability Index; Mercer calls it Quality of Living Index while Monocle means it as Most Liveable City Index. The first index consists of 30 indicators grouped under 5 categories; the second constitutes 39 indicators broken down into 10 groups and the third is made up of 11 indicators with an addition of 22 metrics for its 2016 assessment. The study employed meta-ethnography qualitative approach by in-depth analysis and synthesis on the respective set of indicators. It is a systematic approach that enables comparison, analysis and interpretations to be made that can facilitate theorizing and practice. The analysis revealed the commonalities and differences amongst the three set of quality of life indicators. The result suggests that they are common in the sense that all of them are revolving around the five domains throughout their indicators, i.e., politics, economics, social, environment and infrastructure. However, they seem to be different in terms of the weightage given to each category of indicators and their detailing as the analysis on the top ten cities under respective organization revealed. Nonetheless, these commonalities and differences are contingent upon the respective organizational aim and objectives, methodology and emphasis. In short, one outstanding finding is that there is no “one-size-fit-all” kind of indicators as far as quality of life is concerned. It means different things to different people. Indeed, other factors that come into play include the culture and social system, the political and economic dimensions, and the environment. Key words: quality of life; liveability; sustainability; index JEL codes: F Academic Star Publishing 2017-07 Article PeerReviewed application/pdf en http://irep.iium.edu.my/60594/7/60594_A%20critical%20review%20on%20the%20worldwide%20economist%20intelligence%20unit.pdf Ahmad Sarkawi, Azila and Abdullah, Alias and Md. Dali, Norimah (2017) A critical review on the worldwide economist intelligence unit, Mercer and Monocle quality of life indicators. Journal of Business and Economics, 8 (7). pp. 584-593. ISSN 2155-7950
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	AS Academies and learned societies (General)
spellingShingle	AS Academies and learned societies (General) Ahmad Sarkawi, Azila Abdullah, Alias Md. Dali, Norimah A critical review on the worldwide economist intelligence unit, Mercer and Monocle quality of life indicators
description	Abstract: This article discusses selected worldwide indicators on quality of life vis-à-vis liveability. It comprises indicators promulgated by the Economist Intelligence Unit (EIU), Mercer (The global human resources consulting firm) and Monocle (The culture and lifestyle magazine). By index, the EIU refers it as Global Liveability Index; Mercer calls it Quality of Living Index while Monocle means it as Most Liveable City Index. The first index consists of 30 indicators grouped under 5 categories; the second constitutes 39 indicators broken down into 10 groups and the third is made up of 11 indicators with an addition of 22 metrics for its 2016 assessment. The study employed meta-ethnography qualitative approach by in-depth analysis and synthesis on the respective set of indicators. It is a systematic approach that enables comparison, analysis and interpretations to be made that can facilitate theorizing and practice. The analysis revealed the commonalities and differences amongst the three set of quality of life indicators. The result suggests that they are common in the sense that all of them are revolving around the five domains throughout their indicators, i.e., politics, economics, social, environment and infrastructure. However, they seem to be different in terms of the weightage given to each category of indicators and their detailing as the analysis on the top ten cities under respective organization revealed. Nonetheless, these commonalities and differences are contingent upon the respective organizational aim and objectives, methodology and emphasis. In short, one outstanding finding is that there is no “one-size-fit-all” kind of indicators as far as quality of life is concerned. It means different things to different people. Indeed, other factors that come into play include the culture and social system, the political and economic dimensions, and the environment. Key words: quality of life; liveability; sustainability; index JEL codes: F
format	Article
author	Ahmad Sarkawi, Azila Abdullah, Alias Md. Dali, Norimah
author_facet	Ahmad Sarkawi, Azila Abdullah, Alias Md. Dali, Norimah
author_sort	Ahmad Sarkawi, Azila
title	A critical review on the worldwide economist intelligence unit, Mercer and Monocle quality of life indicators
title_short	A critical review on the worldwide economist intelligence unit, Mercer and Monocle quality of life indicators
title_full	A critical review on the worldwide economist intelligence unit, Mercer and Monocle quality of life indicators
title_fullStr	A critical review on the worldwide economist intelligence unit, Mercer and Monocle quality of life indicators
title_full_unstemmed	A critical review on the worldwide economist intelligence unit, Mercer and Monocle quality of life indicators
title_sort	critical review on the worldwide economist intelligence unit, mercer and monocle quality of life indicators
publisher	Academic Star Publishing
publishDate	2017
url	http://irep.iium.edu.my/60594/ http://irep.iium.edu.my/60594/7/60594_A%20critical%20review%20on%20the%20worldwide%20economist%20intelligence%20unit.pdf
first_indexed	2023-09-18T21:25:55Z
last_indexed	2023-09-18T21:25:55Z
_version_	1777412190228185088

A critical review on the worldwide economist intelligence unit, Mercer and Monocle quality of life indicators

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