Economic Freedom vs. Social Progress

According to the 2017 Index of Economic Freedom,  conducted annually by the Heritage Foundation, a leading U.S. conservative think tank, the following countries rank the highest in “economic freedom”, which includes factors such as rule of law, property rights, ease of starting and running a business, and regulatory and tax burden:

  1. Hong Kong
  2. Singapore
  3. New Zealand
  4. Switzerland
  5. Australia
  6. Estonia
  7. Canada
  8. United Arab Emirates
  9. Ireland
  10. Chile

The United States ranks 17th, after Lithuania and the Netherlands and ahead of Denmark and Sweden (though not by much). Continue reading

Lessons From Singapore’s Health Care

When it comes to the never-ending debate on America’s health care system, international comparisons abound. The usual point of reference is, naturally, our neighbor to the north, although France, Switzerland, and the U.K. are sometimes invoked as well (the French in particular have been consistently recognized by the WHO as having the best health care in the world).

However, there is no shortage of countries with universal health care systems of some form or another, so why not broaden the scope of these comparative analyses to see what else we can learn? New York Times columnist  did just that with a piece that examines the incredible success and efficiency of the Singaporean model. Continue reading

The Next China

In 1980, when it first began to liberalize and open up to the world, China was already the ninth largest economy (albeit due mostly to its sheer size). The embrace of low-cost manufacturing, wherein China in essence became the  world’s factory, played a key role in propelling it towards becoming the second largest economy just thirty year later; by some metrics, it has already surprised the United States as the single largest economy.

Now that China is transitioning rapidly towards medium and high-tech industry (akin to developed countries), it is leaving room for another Asian powerhouse to takes its place. According to an article in The Diplomat, the five likeliest contenders are Malaysia, India, Thailand, Indonesia, and Vietnam — the MITI-V, or more colorfully, the”Mighty Five”.

Within the next five years, these nations will rise to be among the world’s fifteen most globally competitive manufacturing countries. This is a critical stage in the advancement  of a society’s wealth and prosperity: according to a report from consultancy McKinsey & Company, industrial development “contributes disproportionately to exports, innovation, and productivity growth”. Continue reading

The World’s Healthiest Countries

According to the Bloomberg Global Health Index, which includes such factors as life expectancy, access to health care, and malnutrition, these are the world’s healthiest countries:

The top ten nations were:

  1. Italy
  2. Iceland
  3. Switzerland
  4. Singapore
  5. Australia
  6. Spain
  7. Japan
  8. Sweden
  9. Israel
  10. Luxembourg

Continue reading

International Women’s Day

The earliest Women’s Day commemoration took place on February 28, 1909, in New York City. It was organized by the Socialist Party of America, which was a rising force in U.S. politics, and was intended to honor a strike the year before by the International Ladies’ Garment Workers’ Union, one of the largest labor movements in the country and one of the first with primarily female membership.

In 1910, an International Women’s Conference was held in Copenhagen, Denmark with 100 women from 17 countries in attendance. They discussed various social and political issues affecting women and society as a whole — from suffrage to public education — and agreed on holding more rallies and demonstrations across the world to bring attention to women’s universal rights.

The following year, on March 19, 1911, the first International Women’s Day was held, involving over a million people across Europe. The Austro-Hungarian Empire, one of the most patriarchal and authoritarian countries at the time, saw 300 such rallies alone. Among other issues, women demanded that they be given the right to vote and to hold public office and for the end to sex discrimination in the workplace.

The breakout moment for IWD was March 8, 1917 in the capital of the Russian Empire, Petrograd (now Saint Petersburg). Women textile workers spontaneously managed to take over the whole city in demand for “Bread and Peace” – an end to the First World War (which Russia was badly losing), an end to food shortages, and an end to czarism. Seven days later, Emperor of Russia Nicholas II abdicated and the provisional government that followed granted women the right to vote.

IWD was predominantly celebrated by the socialist movement and communist countries until it was adopted in 1975 by the United Nations, where it has since taken on a broader political and social context.

World War Three?

I think people are too quick to invoke World War Three after every diplomatic scuffle, arms race, or rising tensions.

Over the last two centuries, since the advent of the international system, there have been literally hundreds, if not thousands, of potential flash points for global war. Only twice did it result in global conflict, and each of those were interrelated and stemmed from the intersection of factors unique to that time and place. Plus, it is obviously easier to notice the wars that occurred rather than the numerous potential wars that were averted or preempted.

Granted, those two wars killed over 70 million people and unleashed a level of destruction and barbarity that still remain incomprehensible. So, fear of something like that happening again is perfectly justified, and we mustn’t be complacent – war has long been the natural state of humanity, and the last few decades have been unusual in their relative peacefulness.

But we should be measured in our caution and tone down the apocalyptic rhetoric, which all too often feels dangerously fatalistic, if not eager (there is a subset of people, generally religious, who seem to welcome world-ending events).

What are your thoughts?

Luxembourg – Future Space Power?

With a population of less than 600,000 (half of whom are foreign nationals), Luxembourg, which is nestled between France, Germany, and Belgium, is rarely center-stage internationally. Its biggest claim to fame is serving as an infamous tax haven second to Switzerland, and being one of the richest nations in the world (with a GDP per capita of around $100,000).

It is perhaps because of this great wealth and prosperity, as well as its relatively low profile (it maintains a policy of neutrality in most affairs), that this little country is aiming to become the “Silicon Valley of space mining”, to quote the headline of an article in Wired reporting on Luxembourg’s outsized ambitions in space. Continue reading

Lessons From Zimbabwe on Mental Health Treatment

Zimbabwe rarely makes it into the news, except in regards to its venal autocratic regime and sensational rate of hyperinflation. But for all its woes — and perhaps because of them — the country’s citizens have proven to be creative, resilient, and resourceful, as evidenced in part by their fascinating idea of “friendship benches” –nondescript park benches located throughout major cities that help facilitate therapy and mental health services. Continue reading

These Will Be The World’s Top Economies in Just 14 Years

PwC, a prominent financial services firm better known as PricewaterhouseCoopers, has published a report on the future of the global economy, which is projected to more than double between now and 2050. In the span of just 14 years, today’s 32 largest economies — which together comprise 85 percent of global GDP — will experience highly divergent fortunes, as current heavyweights will cede ground to up and coming powers. Continue reading

Canada, Finland, and Others Unveil Basic Income Experiments

Having been one of the first countries to test out a guaranteed basic income back in the 1970s, Canada is once again planning to experiment with this idea, via a proposed pilot program wherein low income participants will receive an average of $1,320 monthly without conditions.

The project, which is to be launched in Canada’s largest province, Ontario, in fall of 2017, is laid out in a paper authored by Hugh Segal, a former senator and now special adviser to the province. According to the official proposal, the program’s aim will be to answer the most common questions and concerns regarding a basic income, including:

  • Can basic income policies provide a more efficient, less intrusive, and less stigmatizing way of delivering income support for those now living in poverty?
  • Can those policies also encourage work, relieve financial and time poverty, and reduce economic marginalization?
  • Can a basic income reduce cost pressures in other areas of government spending, such as healthcare?
  • Can a basic income strengthen the incentive to work, by responsibly helping those who are working but still living below the poverty line?

Continue reading