NS4540 Winter Term 2015 Country Indices

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 2

CA: Voice and Accountability 3

CA: Political Stability 4

CA: Government Effectiveness 5

CA: Regulatory Quality 6

CA: Rule of Law 7

CA: Control of Corruption 8

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 9

CA: Economic Freedom 10

CA: Trade Freedom 11

Country Indices/Rankings III Legatum Prosperity Index Economy Entrepreneurship and Opportunity Governance Education Health Safety and Security Personal Freedom Social Capital 12

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 13

WEF Framework 14

WEF Country Groupings 2014/15 15

16

17

18

19

20

21

BRICs: Voice and Accountability 22

BRICs: Political Stability/Absence of Violence 23

BRICs: Government Effectiveness 24

BRICs: Regulatory Quality 25

BRICs: Rule of Law 26

BRICs: Control of Corruption 27

MENA: Voice Accountability 28

MENA: Political Stability, Absence of Violence 29

MENA: Government Efficiency 30

MENA: Regulatory Quality 31

MENA: Rule of Law 32

MENA: Control of Corruption 33

MENA: Index of Economic Freedom 34

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 35

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. 36

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 37

Patterns of Governance/Social Capital 38

Patterns of Social Capital/Entrepreneurship 39

Governance/Oil Curse 40

Asia Governance: Voice and Accountability 41

Asia: Political Stability Absence of Violence 42

Asia: Government Effectiveness 43

Asia: Regulatory Quality 44

Asia: Rule of Law 45

Asia: Control of Corruption 46

Asia: Overall Economic Freedom 47

Asian Trade Freedom 48

Asian Total Economic Freedom 49

Asian Governance: Total Dimensions 50

Africa: Progress in Voice and Accountability 51

Africa: Progress in Political Stability, Absence of Violence 52

Africa: Progress in Government Effectiveness 53

Africa: Progress in Regulatory Quality 54

Africa: Progress in Rule of Law 55

Africa: Progress in Control of Corruption 56

Africa: Progress in Economic Freedom 57

Africa Groupings: Voice and Accountability 58

Africa Groupings: Political Stability Absence of Violence 59

Africa Groupings: Government Effectiveness 60

Africa Groupings: Regulatory Quality 61

Africa Groupings: Rule of Law 62

African Groupings: Control of Corruption 63

Latin America: Voice and Accountability 64

Latin America: Political Stability Absence of Violence 65

Latin America: Government Effectiveness 66

Latin America: Rule of Law 67

Latin America: Control of Corruption 68

Latin America: Total Economic Freedom 69

Latin America: Trade Freedom 70