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Thought for the day
How Good is Governance Around the World?
Last updated: 20 April 2024
To help investors asses risk in relation to Governance, World Economics produces a continuously revised global Index, to bring together crucial aspects of Governance that collectively measure countries in relation to rule of law, press freedom, political rights, and corruption.
Governance Ratings
Grade: A = As good as it gets -> E: Extremely poor
Europe leads the way with 87% of countries attaining Good (as rated A or B) levels of Governance. At the opposite end of the spectrum, Africa data suggests only 11% of countries can be considered as having good governance.
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More perspectives using World Economics data
Ireland is Now Significantly Wealthier than the UK
Once upon a time about a century ago, Belfast was bigger than Dublin, and industrial Northern Ireland was much wealthier than the poor agricultural South. Today the roles are reversed. Northern Ireland remains to a considerable extent dependant on handouts from London and is much poorer than prosperous Ireland. Dublin is now three times the size of Belfast and looks (unlike Belfast) like a thriving ...
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Dictators Lie About Economic Growth
Exaggeration, misrepresentation and suppression of economic data is endemic, and not new. Oskar Morgenstern, in his 1950 monograph "On the Accuracy of Economic Observations" made many pithy statements: " ...economic and social statistics are frequently based on deliberate lies " " In totalitarian countries the suppression of statistics is often carried very far " " The undeniable existence of an un...
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Africa’s Data Quality Problem
African GDP and Population data are both of very poor quality. Governance is also rated as being very poor, with many autocratic rulers interfering with economic data quality. Only 4% of African countries are rated as having A or B grade GDP data. The same percentage applies for Population data. Only 11% are rated as having A or B grade Governance. And eight of the top ten largest (by GDP) sub-Saharan...
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