An unstable economy causes a decline in consumer confidence, stunted economic growth, and redu… Maintaining a steady frequency that delivers safe, usable electricity into homes and businesses is at the crux of reliability. Its highest-performing region was Upper Norrland, Sweden – which has the same GDP per capita as Bucharest, Romania, but scored far higher. The top performers generally tend to be rich countries. Sweden is ranked fourth by the CorruptionPerceptions Index. What Makes a State Stable? Several types of political systems have done so, including despotic monarchies, militarist regimes, and other authoritarian and totalitarian systems. what makes a country's currency stable or weak? 2 0. Relevance. 4. Fragility Index: 18 - GDP: $399B Balancing transmissions systems is a crucial part of stable electricity networks. Infrastructure, security, education, and healthservices ar… So what can make for these strong underpinnings – the kind that help make a country stable, safe, fair and provide its citizens with a good quality of life? Behind the scenes, though, this kind of information is used for much more. The African continent continues to dominate the world’s most unstable countries list while Westrn Europe dominates the most stable component. “These fundamentals tend to predict the future.”, The reverse can be true, too. Favorite Answer. Fragility Index: 19.7 - GDP: $1.32T Somalia. Fragility Index: 20.3 - GDP: $536B “The Republicans have both the House and Senate, and in a low-rule-of-law society, the government would be able to do whatever it wanted. Chad. The Fund For Peace, a U.S.-based NGO, stack ranks 174 countries every year based on how stable a country is. Although it’s one of the world’s wealthiest countries, in terms of social progress the US ranks closer to Estonia than Canada (Credit: Alamy). Relevance. But while the UK’s unemployment rate is at historically low levels, for example, its social progress has flat-lined. One of the key factors of being “Powerful country in the world” is country’s strong economy. Each country, based on its data, is given an index score and ranked from 1 to 174. Fragility Index: 99.5 - GDP: $22B Haiti. 6. “Some scholars… say that the ‘good governance’ approach can be traced back to the colonial structure of the world that also created international law.”. If you’re looking for what makes a country great, it seems, don’t look at its GDP or unemployment rate. 10. Almost all threats to the Israeli government are external, not internal, which is the mark of a stable government. Rising Chinese nation is a good example of growing economy from zero to 100, as economic hub in China. 2 Answers. Nordic countries are some of the most economically equal countries in the world. The hypothesis says that when the productivity level is much higher in one or more countries compared to a number of other countries, the latter have an opportunity to embark on a catching-up process by bor-rowing superior production techniques from the more advanced econ-omies. “But that may not be telling us the real story about the quality of life of citizens in the way it was 20 years ago because of the changing nature of work.” A zero-hours contract, for example, may be ‘employment’, but it may not be very good at building social progress. Another debate is over how relevant many of the indicators are for half of the world’s population: women. On the other hand, there’s Costa Rica. When it applied the Social Progress Index framework, the European Union found the same pattern. The concept of ‘good governance’, which many of these types of indexes try to measure, was developed initially by international financial institutions, says University of Alberta international law professor Linda Reif. We believe that our customers deserve the finest products and equipment, delivered in the best way. Good Governance, Legitimacy and the Legal-rational State Matter Even More for Low-income States December 2012 Civil Wars 14 (4) “But what we also find, very clearly, is that social progress is not completely explained by economic variables. (The measurement analyses outcomes like the condition of highways, primary school quality and the amount of red tape). Our goal is to provide everything any horse owner or country pursuit enthusiast could ever need or want. More than mere “best country” rankings, data aggregations like the Social Progress Index shape policy, help allocate funding – and even help predict the future. The U.S. doesn’t even break the top 20 coming in at 26. “One of the things that tells us is that once good governance is established, it tends to be very, very persistent,” Kraay says. Among other sets of data, that could have been predicted by its commitment to the rule of law, says Botero. The US is one example. It’s a relatively modest income country,” says Juan Botero, executive director of the World Justice Project. Costa Rica shares a number of similarities with its neighbours, but tends to be more peaceful and prosperous (Credit: Alamy). Fragility Index: 19.8 - GDP: $24.5B “But it’s very hard to get there.”. a country, there may exist an advantage of "relative backwardness". But the World Bank’s Worldwide Governance Indicators (WGI) show that levels of government effectiveness have remained roughly the same every year since 1996. Western Europe occupies 70% of the top 10. Tunisia, for example, saw a steady decline in voice and accountability, which measures aspects like confidence in elections and freedom of the press, from 1996 to 2010. And it may even be able to help predict the future. Look at its commitment to its citizens – and how long it’s stuck to that commitment for. The higher the rule of law, the more likely the country, at any level of development, will have high health outcomes in maternal mortality rate, life expectancy, catastrophic diseases – all these standard public health outcomes.”. Yemen. Guinea. But not all wealthy countries do well, which has led some experts to think that while economic growth doesn’t always serve its citizens, focusing on institutions and other aspects that serve citizens helps economic growth. One of the biggest reasons they’re interesting is that they can point out underlying trends, some of which, left unchecked, may have serious consequences. GDP is not destiny.”. - [quote]they contribute more to the world of amateur porn [/quote] obviously one of many areas of expertise fo Critics also point out that many of the criteria are based on Western values: tolerance for homosexuals, for example, or religious tolerance. After all, what makes a country a country? Luxembourg. Similarly, the Netherlands has a similar GDP to Saudi Arabia; so do Chile and Kazakhstan and the Philippines and Angola. 9. No. Fragility Index: 20 - GDP: $1.65T “The vast majority of the literature says that for health outcomes, the main social determination is wealth,” Botero says. That’s not the case in the United States,” he says. Fragility Index: 105 - GDP: $19.5B Botswana, one of Africa's most stable countries, is the continent's longest continuous multi-party democracy. Advantages of having a stable economy include increased productivity, improved efficiencies, and low unemployment. Read about our approach to external linking. The main factors seem to be two. Fragility Index: 99.4 - GDP: $10.5B Sweden ispolitically and economically stable. Infrastructure makes a nation more productive, efficient, stable and attractive to labor and capital. Fragile State Index 2018 report devotes an entire section to the declining stability ranking of the U.S. and highlights partisan politics as a key contributing factor. 1 Questions & Answers Place. That’s not to say that wealth doesn’t matter. “We found that the rule of law is a predictor of health outcomes, but it is independent of wealth. A large (and widening) gap between the ‘haves’ and the ‘have-nots’- enforced by law, tradition and the use of power. Common signs of an instability are extended time in a recession or crisis, rising inflation, and volatility in currency exchange rates. More stable and growing economy at 45 degree would be considered as going towards powerful country in the world. 6 years ago. The Fund for Peace stack ranks 174 countries every year based on stability. Fragility Index: 20.4 - GDP: $62.3B. “When you are wealthier, you can afford better pay for the police officers,” Botero points out. 2 Answers. Denmark. Fragility Index: 16.9 - GDP: $252B What makes a country stable and secure and why? If you liked this story, sign up for the weekly bbc.com features newsletter, called “If You Only Read 6 Things This Week”. Hard data such as economic indicators, security, strength of factions and other indicators are analyzed and compared yearly. And what do such statements mean? People celebrate the sixth anniversary of the Arab Spring in Tunisia; the country was the only one in the movement to move to parliamentary democracy (Credit: Alamy), For the most part, though, it’s very difficult to move from a very low position to a very high one. People with money and power tend to be the children of other people with money and power. 7. These countries score very high on security, economics and most importantly economic inequality. “We’ve got traditional measures of how society is doing, and one we’ve relied on for the last 80 years is the unemployment rate,” Green says. Thanks! Last week, tens of thousands of students from my alma mater — the incomparably picturesque University of Cape Town — marched to South Africa’s Parliament buildings. How economy goes so progressive? Despite much being wealthier than its neighbours in the past, today, it is in severe crisis. Although it is one of the index’s top-five countries in terms of GDP per capita, it ranks 18th in social progress – closer to Estonia than to Canada. The trend of a countries ascent or decline is perhaps more instructive on where a country is heading. 4. Fragility Index: 110.2 - GDP: $37.6B Japan ranks 22nd and China remains in the elevated risk category at 90. “So then one of the criticisms is that this has, to an extent, been imposed on the global south,” she says. It can determine which countries get help with funding. But when it comes to figuring out how well a country is serving its citizens, these tools might not only be incomplete: they may not in fact be that helpful at all. 8. The US’s Millennium Challenge Corporation, for example, has invested $11bn (£8.1bn) in financial assistance since it was created in 2004. Each country, based on its data, is … If a country is said to have strong legal systems that ensure fairness and equality, but half of its population still doesn’t have the same access to work, education or healthcare as men, you could argue the measurements are flawed – or at least incomplete. In the UK, we have a remarkably stable upper echelon. How can you measure what makes a country great? Why stable prices and stable markets are important and how they fit together Professor Otmar Issing, First Conference of the Monetary Stability Foundation, 5 December 2002, Frankfurt/Main. Fragility Index: 99.3 - GDP: $8.41B, 1. 2 0. Looking into the details reveals some surprising takeaways. What makes a country stable and secure and why? Even countries that can generate enough electricity are held back if they can’t efficiently get the electricity to where it is needed. New Zealand. To my limited understanding, a currency is basically a cheque written by the government guaranteeing it's value thru the backing of the national treasury. So for the US, it is a story of success – so far.”, Disney products are manufactured in countries the corporation has chosen with the help of the World Bank’s WGI (Credit: Alamy). In terms of stability, all countries are not created equal. If we come across them at all, we usually see them being used for the kinds of country rankings that make us daydream about a move to Denmark or New Zealand. 7. The Social Progress Index is one of a number of indexes that aggregate data about countries worldwide – and about how well those countries are serving their populations. Shienaran. Switzerland. highly stable over period P"? It is unlikely to come as a surprise to many however, that this is not entirely the case. And so a country becomes more wealthy.”. If you were tracking the decline in its voice and accountability measurement, you wouldn’t be that surprised that one action – a fruit-seller setting himself on fire in protest after being abused by local officials – could set off the chain of events dubbed the Arab Spring. Given the information these kinds of indexes provide, it’s no surprise that they’re being used in a number of ways. Relevance. It is relatively free of corruption and has a good human rights record. Depending on who you are, you might experience a very different version of the country than its top-line data. They also can be used to determine how much assistance countries get. We might So if wealth alone can’t account for how well a country serves its citizens, what can? While there is a correlation between GDP and stability, the world’s top three largest economies (U.S., China, and Japan) don’t make the most stable countries top ten list. Fragility Index: 19.5 - GDP: $330B The higher the index, the more unstable the country. One is GDP, or gross domestic product, the amount a country earns. Join 800,000+ Future fans by liking us on Facebook, or follow us on Twitter. 8. For almost a hundred years, two measurements have been used to get a sense of how well a country is doing. These will be for sale soon. Answer Save. 1. Staying away from North Korea may help. There are two totally different ways to ensure stability for a currency. 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