1. NS4540 Winter Term 2015 Country 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. CA: Voice and Accountability 3

4. CA: Political Stability 4

5. CA: Government Effectiveness 5

6. CA: Regulatory Quality 6

7. CA: Rule of Law 7

8. CA: Control of Corruption 8

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 9

10. CA: Economic Freedom 10

11. CA: Trade Freedom 11

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/#!/ 12

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 13

14. WEF Framework 14

15. WEF Country Groupings 2014/15 15

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18. 18

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20. 20

21. 21

22. BRICs: Voice and Accountability 22

23. BRICs: Political Stability/Absence of Violence 23

24. BRICs: Government Effectiveness 24

25. BRICs: Regulatory Quality 25

26. BRICs: Rule of Law 26

27. BRICs: Control of Corruption 27

28. MENA: Voice Accountability 28

29. MENA: Political Stability, Absence of Violence 29

30. MENA: Government Efficiency 30

31. MENA: Regulatory Quality 31

32. MENA: Rule of Law 32

33. MENA: Control of Corruption 33

34. MENA: Index of Economic Freedom 34

35. 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

36. 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

37. 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

38. Patterns of Governance/Social Capital 38

39. Patterns of Social Capital/Entrepreneurship 39

40. Governance/Oil Curse 40

41. Asia Governance: Voice and Accountability 41

42. Asia: Political Stability Absence of Violence 42

43. Asia: Government Effectiveness 43

44. Asia: Regulatory Quality 44

45. Asia: Rule of Law 45

46. Asia: Control of Corruption 46

47. Asia: Overall Economic Freedom 47

48. Asian Trade Freedom 48

49. Asian Total Economic Freedom 49

50. Asian Governance: Total Dimensions 50

51. Africa: Progress in Voice and Accountability 51

52. Africa: Progress in Political Stability, Absence of Violence 52

53. Africa: Progress in Government Effectiveness 53

54. Africa: Progress in Regulatory Quality 54

55. Africa: Progress in Rule of Law 55

56. Africa: Progress in Control of Corruption 56

57. Africa: Progress in Economic Freedom 57

58. Africa Groupings: Voice and Accountability 58

59. Africa Groupings: Political Stability Absence of Violence 59

60. Africa Groupings: Government Effectiveness 60

61. Africa Groupings: Regulatory Quality 61

62. Africa Groupings: Rule of Law 62

63. African Groupings: Control of Corruption 63

64. Latin America: Voice and Accountability 64

65. Latin America: Political Stability Absence of Violence 65

66. Latin America: Government Effectiveness 66

67. Latin America: Rule of Law 67

68. Latin America: Control of Corruption 68

69. Latin America: Total Economic Freedom 69

70. Latin America: Trade Freedom 70