Human wellbeing and automotive industry: correlations in the era of economical digitalization

Abstract

This research studies the relation between human wellbeing and automotive industry, as to whether the performance of automobile industry translates to an overall well-being of the populace. The study is based on secondary-data, and mainly takes into account the Prosperity-Index / ranking and its possible linkage with automotive sale volume of the nations. Findings of this study confirms that that the higher the prosperity index or ranking, the higher the automotive sales volume for most of the nations but several factor should be taken in to consideration, for example India automotive sale volume is bigger than the automotive sales volume of France but France prosperity rank is 19 and India in on 88 rank, it is because of the size and population of the country, India might have 10 times more population than France when divided among the population France may investing much more than India on their citizen. Findings reveal that Canada leads the table on first position with Australia on second position in the prosperity ranking, due to they provide enough opportunities for their people to live a good and healthy lives and these can be observed in terms of good automotive sales volume by these two nations. Further, finding also reveals that the automotive sales number of United States of America or several other countries have large value but that does not mean that they are also good in ranking in Prosperity Index which implies that the prosperity ranks has no direct relation with the automotive sales volume that a country generates.