"Where will be the best place to live in 2005? The World in 2005 turned to the Economist Intelligence Unit, which has devised a 2005 “quality of life” index for 111 countries. Result: Ireland comfortably tops the league. America, though the second-richest country (behind Luxembourg) in GDP per head, slips to 13th in quality of life. Britain languishes in 29th place.
(...)
Ireland wins because it successfully combines the most desirable elements of the new (the fourth-highest GDP per head in the world in 2005, low unemployment, political liberties) with the preservation of certain cosy elements of the old, such as stable family and community life. Offsetting its poor climate and, by rich-country standards, gender inequality are a higher political stability and security. Even if GNP—not available for all countries, but in Ireland’s case significantly lower than GDP—is used to measure income, Ireland still wins."