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