Finland Rated World’s Happiest Country

What better way to kick off the International Day of Happiness than with the latest results of World Happiness Report, conducted annually by the United Nations. This year’s top spot went to Finland, which climbed five places to unseat longtime placeholder Norway (which is still an enviable second). Continue reading


The World’s 2,000 Billionaires Could End Extreme Poverty Seven Times Over

According to the latest report from Oxford International, a U.K.-based confederation of twenty independent charities, the world’s 2,000 or so billionaires saw their collective wealth surge by $762 billion — enough to end abject poverty seven times over.  As reported: Continue reading

Germany: The World’s Most Liked Country

According to the latest Nation Brands Index (NBI) published last December, Germany has the best “brand image” of 50 surveyed countries, unseating the previous titleholder, the United States. As reported in DW:

The Nation Brands Index (NBI) survey, carried out by German-based market research firm GfK and the British political consultant Simon Anholt, measured public opinion around the world on “the power and quality of each country’s ‘brand image.'”

Germany moved up to first place after coming in second in 2016. The US dropped from top to sixth, with France, Britain, Canada and Japan taking spots two to five.

The study calculated the final NBI score by researching how well people viewed a country across six categories: its people, governance, exports, tourism, investment and immigration, and culture and heritage.

The land of sausages, Merkel and “Made in Germany” was in the top five in all but one category. Only in “tourism” did Germany fall outside the top five, coming in 10th.

German Foreign Minister Sigmar Gabriel welcomed the results, saying: “Germany’s image no longer rests on our economic strength. People think we’re capable of much in the world.”

Germany’s overall score improved partly because of better perceptions among Egyptians, Russians, Chinese and Italians. This suggests the country has widespread appeal for its various achievements in areas like governance, economic growth, and quality of life — all the things most governments would want to emulate.

Coming in behind Germany is France, which has also seen its star rise precipitously, climbing three places since last year. This is due mostly to better performance in “governance” and “investment / immigration”, which in turn reflects the high-profile effort of its new president to make the country more economically competitive and attractive. (Perhaps unsurprisingly, France remained No. 1 in culture.)

The United Kingdom remained steady at third place, dispelling fears that Brexit would cause a significant dint to its image. Its firm position reflects the continued potency of its culture, heritage, and diplomatic influence.

Canada and Japan both tied at fourth place, each performing well in governance, culture, and immigration / investment. (Notice a pattern here?) The U.S. dropped to sixth place, a respectable yet greatly diminished position. The reasons aren’t difficult to glean:

Foreigners’ views of the US worsened considerably compared to 2016, particularly in the category “governance,” where it slipped from spot 19 to spot 23.

The “Trump effect” explains the fall, according to Anholt.

“The loss of the US’s image in the governance category is indicative of the Trump effect, which was triggered by President Trump’s policies and his ‘America First’ message,” he said.

Americans themselves nevertheless viewed their country more positively than in 2016.

What are your thoughts about these results?

Africa’s Greatest Success Story

Few people have ever heard of the island nation of Mauritius, located 1,200 miles off the coast of Africa. Perhaps its sole claim to fame, if any, is that it was the only habitat of the extinct dodo. But as op-ed in the Daily Maverick reveals, this tiny country of just 1.3 million is a regional heavyweight in social, economic, and political development:

Mauritius’ average score in the World Bank’s Ease of Doing Business indicators is 77.54, ranking it 25th worldwide, compared to the sub-Saharan average of 50.43, or the score of its Indian Ocean neighbour Madagascar in 162nd position at 47.67. The next highest sub-Saharan African country, Rwanda, is in 41st slot. Kenya is at 80, South Africa 81st, and Botswana 82nd.

On the Ibrahim Index of African Governance, defined as the provision of the political, social and economic public goods, Mauritius again tops the African rankings, scoring 81.4 in 2017. Seychelles is second with 73.4, with Botswana completing the top three with a score of 72.7.

Mauritius’ GDP per capita is $9,630, well above the sub-Saharan African average ($1,464), that of Madagascar ($401), and South Africa and Botswana ($5,284 and $6,924). Only in this key regard does it rank below Seychelles where, with a population of just 95,000, it’s over $15,000. The average life expectancy of Mauritians in 1960 was 58; now it’s 74, whereas sub-Saharan Africa has gone from 40 to 59 over the same period.

Indeed, Mauritius’ economy has enjoyed average annual growth of 5 percent since its independence from the U.K. in 1968. This is a rare distinction both regionally and globally, and speaks to the country’s stable and effective governance despite its humble and unpromising beginnings. Continue reading

A Global Economic Milestone

For the first time in a decade, all the world’s major economies — including the U.S., the European Union, Brazil, China, India, and Russia — are growing at once. Many developing countries — such as Bolivia, Ethiopia, Indonesia, and the Philippines — are seeing rapid growth as well, in some cases the highest in the world.

27336290_10159981120140472_8665607837827982156_n Continue reading

Why Do Millions of Children Have to Die?

It is fitting that following my previous post on the growth in the global millionaire community, I decide to reflect on the moral travesty that is child mortality. I say moral because it is a problem that need not still exist to the degree that it does, and that only persists because our global economic system are not sufficiently guided by ethical principles.

Historically, around 43 percent of children died before the age of five; as fairly recently as the 19th century, every second or third child would perish, even in relatively developed Western countries. Although child mortality has declined rapidly over recent decades — down to 4.3 percent globally, compared to 8 percent in 2000 and 18 percent in 1960 — it is still far higher than it should be.

Nowadays, anywhere from 6 to 9 million children die before their fifth birthday, and nearly half of them die within a month of their birth. (This does not include millions more that die before adulthood.) About 42 countries, mostly in sub-Saharan Africa, account for 90 percent of these deaths. Two-thirds of these children die from causes that are easily preventable, namely diarrhea, pneumonia, malnutrition, and malaria. Continue reading

Time to End the Five-Day Work Week?

Most developed-world denizens take the five-day work week as a given. The very idea of questioning it would be as inconceivable as it is fanciful. (Indeed, in our work-obsessed culture, it would likely brand you a lazy bum by coworkers and superiors alike.)

But as Philip Sopher over at The Atlantic points out, even the seven-day length of the week is an arbitrary invention, let alone the far more recent notion that we should have five days to work and only two to rest.  Continue reading

How Global Inequality Undermines Global Democracy

Yet another massive leak of offshore banking documents has revealed the remarkable extent of the world’s “parallel economy”, in which a large and growing proportion of global wealth is secretly stashed away in a complex and opaque network of tax havens.

In addition to the obvious diversion of literally trillions of dollars of capital that could be better spent alleviating the needless suffering of billions (with plenty left over to spare), this development is arguably a threat to democratic governance the world over, as Matt Phillips at Vice argues. Continue reading

The Countries With the Highest Well-Being

It is safe to say that most people want greater well-being in their lives, but as with concepts like happiness or success, it is often loaded and subjective — albeit up to a point. Wealth is certainly a big factor, if not the biggest, but so are — generally speaking — civil rights, a healthy environment, personal safety, and social support.

Predicating well-being on these and other inputs, the Boston Consulting Group (BCG) conducted the “Sustainable Economic Development Assessment” (SEDA), which measures which countries in the world provide the most well-being to their inhabitants. The results were based on over 50,000 data points spanning three broad metrics and ten “dimensions of well-being”: economics (which includes income, economic stability, and employment); investment (health, education, and infrastructure) and sustainability (socioeconomic inequality, civil society, governance, and environment). Continue reading