1. NS4053 Winter Term 2014 Country/Region 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 2

3. 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 3

4. Country Indices/Rankings III Legatum Prosperity Index Economy Entrepreneurship and Opportunity Governance Education Health Safety and Security Personal Freedom Social Capital 4

5. 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 5

6. WEF Framework 6

7. BRICs: Voice and Accountability 7

8. BRICs: Political Stability/Absence of Violence 8

9. BRICs: Government Effectiveness 9

10. BRICs: Regulatory Quality 10

11. BRICs: Rule of Law 11

12. BRICs: Control of Corruption 12

13. MENA: Voice Accountability 13

14. MENA: Political Stability, Absence of Violence 14

15. MENA: Government Efficiency 15

16. MENA: Regulatory Quality 16

17. MENA: Rule of Law 17

18. MENA: Control of Corruption 18

19. MENA: Index of Economic Freedom 19

20. 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 20

21. 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. 21

22. 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 22

23. Patterns of Governance/Social Capital 23

24. Patterns of Social Capital/Entrepreneurship 24

25. Governance/Oil Curse 25

26. Asia Governance: Voice and Accountability 26

27. Asia: Political Stability Absence of Violence 27

28. Asia: Government Effectiveness 28

29. Asia: Regulatory Quality 29

30. Asia: Rule of Law 30

31. Asia: Control of Corruption 31

32. Asia: Overall Economic Freedom 32

33. Asian Trade Freedom 33

34. Asian Total Economic Freedom 34

35. Asian Governance: Total Dimensions 35

36. Africa: Progress in Voice and Accountability 36

37. Africa: Progress in Political Stability, Absence of Violence 37

38. Africa: Progress in Government Effectiveness 38

39. Africa: Progress in Regulatory Quality 39

40. Africa: Progress in Rule of Law 40

41. Africa: Progress in Control of Corruption 41

42. Africa: Progress in Economic Freedom 42

43. Africa Groupings: Voice and Accountability 43

44. Africa Groupings: Political Stability Absence of Violence 44

45. Africa Groupings: Government Effectiveness 45

46. Africa Groupings: Regulatory Quality 46

47. Africa Groupings: Rule of Law 47

48. African Groupings: Control of Corruption 48

49. Latin America: Voice and Accountability 49

50. Latin America: Political Stability Absence of Violence 50

51. Latin America: Government Effectiveness 51

52. Latin America: Rule of Law 52

53. Latin America: Control of Corruption 53

54. Latin America: Total Economic Freedom 54

55. Latin America: Trade Freedom 55