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NS4540 Winter Term 2015 Country Indices

Discover a comprehensive collection of rankings and indices measuring factors crucial for progress and sustained growth and development in countries. Explore indicators related to governance, economic freedom, prosperity, competitiveness, and social capital.

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NS4540 Winter Term 2015 Country Indices

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  1. NS4540 Winter Term 2015Country Indices

  2. Country Indices/Rankings I • There are a number of organizations that provide rankings of countries based on factors that organization feels are key to progress and sustained growth and development • World Bank Governance Indices • Voice and Accountability • Political Stability/Absence of Violence • Government Effectiveness • Regulatory Quality • Rule of Law • Control of Corruption

  3. CA: Voice and Accountability

  4. CA: Political Stability

  5. CA: Government Effectiveness

  6. CA: Regulatory Quality

  7. CA: Rule of Law

  8. CA: Control of Corruption

  9. Country Indices/Rankings II • Heritage Foundation, Index of Economic Freedom: • Rule of Law • Property Rights • Freedom from Corruption • Government Size • Fiscal Freedom • Government Spending • Regulatory Efficiency • Business Freedom • Labor Freedom • Monetary Freedom • Open Markets • Trade Freedom • Investment Freedom • Financial Freedom

  10. CA: Economic Freedom

  11. CA: Trade Freedom

  12. Country Indices/Rankings III • Legatum Prosperity Index • Economy • Entrepreneurship and Opportunity • Governance • Education • Health • Safety and Security • Personal Freedom • Social Capital • http://prosperity.com/#!/

  13. Country Indices/Rankings IV • World Economic Forum, Competitiveness Index • Institutions • Infrastructure • Macroeconomic Environment • Health and Primary Education • Higher Education and training • Goods Market Efficiency • Labor Market Efficiency • Financial Market Development • Technological Readiness • Market Size • Business Sophistication • Innovation

  14. WEF Framework

  15. WEF Country Groupings 2014/15

  16. BRICs: Voice and Accountability

  17. BRICs: Political Stability/Absence of Violence

  18. BRICs: Government Effectiveness

  19. BRICs: Regulatory Quality

  20. BRICs: Rule of Law

  21. BRICs: Control of Corruption

  22. MENA: Voice Accountability

  23. MENA: Political Stability, Absence of Violence

  24. MENA: Government Efficiency

  25. MENA: Regulatory Quality

  26. MENA: Rule of Law

  27. MENA: Control of Corruption

  28. MENA: Index of Economic Freedom

  29. MENA: Entrepreneurship • Large public sector has bred a lack of economic dynamism in region – further setting back employment • World Bank found (2010) that MENA has some of the lowest firm entry density rates in the world • Suggests a lack of entrepreneurship with rate almost four times lower than of Europe and Central Asia

  30. MENA: Ease of Doing Business • Region generally scores very low on World Bank’ Ease of Doing Business Index – even lower after 2011 – yet the private sector will have to create most of the jobs.

  31. Social Capital • There are a number of interesting patterns associated with the region’s governance. • An often neglected aspect is social capital which incorporates • Social networks and • The cohesion a society experiences when people trust one another • Empirical studies on social capital have found that societies with lower levels of social capital have experienced lower rates of economic growth • Unlike physical capital, social capital may take years to show significant increases • For the MENA region, low levels of social capital are closely associated with low levels of governance and entrepreneurship

  32. Patterns of Governance/Social Capital

  33. Patterns of Social Capital/Entrepreneurship

  34. Governance/Oil Curse

  35. Asia Governance: Voice and Accountability

  36. Asia: Political Stability Absence of Violence

  37. Asia: Government Effectiveness

  38. Asia: Regulatory Quality

  39. Asia: Rule of Law

  40. Asia: Control of Corruption

  41. Asia: Overall Economic Freedom

  42. Asian Trade Freedom

  43. Asian Total Economic Freedom

  44. Asian Governance: Total Dimensions

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