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

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

Global STEM Leaders

STEM — short for science, technology, engineering, and mathematics — is all the rage these days, as economies across the world become more knowledge-based, and as humanity faces threats like climate change and resource depletion that will require creative, technological solutions.

That’s why so many nations, especially in the developing world, are trying to gain a competitive advantage by investing in STEM education and seeking to attract STEM graduates from abroad. According to Forbes, which cites a report from the World Economic Forum, these are the countries leading the way:

20170202_stem

Unsurprisingly, with their large and youthful populations, India and China have the most graduates overall at 78 million and 77.7 million, respectively. The U.S. is in third place with 67.4 million graduates, although the quality of its degrees may be greater than that of its competitors, whose education infrastructure is younger, less developed, and less prestigious (for now).

Japan’s high ranking is not surprising given that is a well established scientific and economic powerhouse, although its aging population and low rate of immigration likely explains why it doesn’t rank higher despite a population of 126 million. Russia, Iran, and Indonesia are rarely touted as academic leaders, but each is fairly populous — at 147 million, 75 million, and 260 million respectively — and Russia and Iran in particular have a long history of scientific achievement.

However, China may soon close this gap as it continues to improve its institutions and education standards:

Some estimates see the number of Chinese graduates aged between 25 and 34 rising 300 percent up to 2030 compared to just 30 percent in the U.S. and Europe. According to the World Economic Forum, STEM (science, technology, engineering and mathematics) has become a pretty big deal in China’s flourishing universities. In 2013, 40 percent of Chinese graduates finished a degree in STEM, over twice the share in American third level institutions

In an increasingly globalized world, the ability to draw and retain students and graduates from around the world will likely become a bigger consideration for more countries. For all the complexities of its visa and customs systems, the U.S. has long enjoyed an edge in this regard — for example, all six of its 2016 Nobel Prize winners were foreign-born.

But a wave of nativism and xenophobia may undercut its attractiveness as a research and academic hub, and other countries — including neighboring Canada — have begun to step up as alternative options, dangling such incentives as a path to citizenship upon graduation.

One thing is for certain. The future of a nation’s success and survival will depend on its command of technology and science. How it goes about advancing those intellectual resources is a different matter altogether. But any country’s increasing education is humanity’s gain.

 

 

 

Hans Rosling, Data-Driven Optimist, Passes Away

It is not easy being an optimist, and doing so just got harder with the recent death, at 68, of Swedish physician and statistician Hans Rosling. A tireless advocate for improving the world through compelling yet data rich presentations, Rosling brought a unique and crucial pizzazz  when it came to public advocacy and education.

Foreign Policy, which once named him one of the world’s top 100 thinkers, highlighted  some of the work Rosling did to change people’s perceptions of the world and to bring attention to humanity’s often-understated progress.

After roughly two decades studying hunger in Africa, he became a professor at the Karolinka Institute — a medically focused university in Sweden — and then the founder of data visualization site Gapminder. He was dedicated to bringing people facts in a way that seemed compelling and understandable to them.

In Feb. 2006, for example, he gave a presentation that used data to demonstrate that the concept of the “developing world” was one based on preconceived biases, not borne out of reality.

In 2010, he showed in just four minutes how lifespan and wealth had increased over the past 200 years — and how inequality between and within countries increased with it.

Indeed, I have twice posted about Rosling’s videos and data (here and here), and considered him a personal hero of mine. He helped inform my optimistic, humanist worldview with his energetic yet substantive presentation of the facts, be it about the rapid decline in child mortality or the growth of leisure through innovation. He was a champion for human development, using his data to both inspire hope and inform future policy and action. His eclectic mix of humor, colorful visualizations, and endearing levels of energy — which formed his shtick as an “edutainer” — has no doubt done much to keep the world moving along towards progress.

Rosling will certainly be missed, but thank goodness for his rich legacy of creative and hope-inspiring talks, all of which you can view here. That’s quite a way to live on.

 

 

 

Map: American Foreign Aid

Many Americans believe U.S. foreign aid is ineffective and fails o reach the people that need it most. Unfortunately, the following map from HowMuch.net, courtesy of Vox.com, validates this criticism by revealing that the vast majority of government aid largely bypasses the world’s neediest countries:

Note that while this is based on 2014 data, official aid policy hasn’t really changed.

Israel is clearly the biggest recipient by a large margin, despite being one of the world’s wealthiest countries, followed by Egypt and Jordan, which, while middle income countries, have their aid mostly contingent on their peace treaties with Israel. Many of the top recipients are not among the poorest countries in the world, and although Afghanistan and Pakistan are impoverished, their aid is also mostly tied up with foreign policy objectives (e.g. the War on Terror).

The World As 100 People

To better grasp just how much human conditions have improved only over the past two hundred years, consider the following summation, which imagines humanity as just a hundred people.

world-as-100-people-2-centuries-1

Imagine if you were surrounded by abject poverty and misery, but only years later find most people lifted out of deprivation and living comfortable lives; imagine nearly half of all the kids around you dying before their fifth birthday, but over the span of just a couple of years, such tragedies are virtually unheard of.

When you consider that these conditions were the norm for most of our 200,000 year history, and that only in the last two centuries — a relatively small blip in the timescale — have they reversed so rapidly, it is astounding how so many of us fail to realize how incredibly far our species has come.

Learn more about human progress from the source of this infographic.