Nations that are Currently Successful in their Global Policy 

Good governance remains among the benchmarks against which all nations, rich and poor, are often ranked

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NATIONS THAT ARE CURRENTLY SUCCESSFUL ON THEIR GLOBAL POLICY

The top ten countries with the best government according to the Legatum Index Government Ranking are Switzerland, New Zealand, Denmark, Sweden, Finland, Luxembourg, Canada, Norway, United Kingdom, and Australia. The United States ranks 11th which incidentally is the same ranking the country has for the most prosperous countries list.

Also Read: Policy steps to shape India into global manufacturing hub

Based on the above-stated data of 2021 – 2022, we can certainly say that:

Good governance remains among the benchmarks against which all nations, rich and poor, are often ranked. It is interesting to note that the countries ranked as having the best governments in the world also received similar or closely similar rankings for other lists such as Most Prosperous Countries of the World, the World’s Happiest People, the Most Globally Competitive Countries, and the World’s Most Satisfied People:

Based on the information provided by U.S. News & World Report, the ranking of the best education systems in the world is

Rank  Country Quality Index   Opportunity Index
1 United States 78.2 69.79
2 United Kingdom 72 68.74
3 Australia 70.5 67.52
4 Netherlands 70.3 67.21
5 Sweden 70.1 66.96
6 France 69.9 66.3
7 Denmark 69.8 62.54
8 Canada 69.8 61.01
9 Germany 69.5 60.64
10 Switzerland 68.3 60.12
11 Japan 68.2 59.46
12 Israel 66.9 57
13 Finland 66.8 56.68
14 Taiwan 66.6 55.27
15 Singapore 66 55.22
16 Slovenia 65.8 54.38
17 South Korea 65.2 53.5
18 Norway 65 53.41
19 Belgium 64.2 53.02
20 United Arab Emirates 64 52.94

FOREIGN TRADE OF SUCCESSFUL GLOBAL POLICY NATIONS:

Rank Country Exports Imports Total Trade Percent of Total Trade
Total, All Countries 650.7 1,052.5 1,703.2 100.0%
Total, Top 15 Countries 451.9 815.0 1,266.8 74.4%
1 Canada 113.4 141.7 255.1 15.0%
2 Mexico 103.2 145.1 248.4 14.6%
3 China 47.6 179.3 226.9 13.3%
4 Japan 26.1 49.6 75.7 4.4%
5 Germany 23.5 44.2 67.6 4.0%
6 Korea, South 22.5 36.5 59.1 3.5%
7 Vietnam 3.9 40.5 44.3 2.6%
8 Taiwan 13.8 29.6 43.4 2.5%
9 India 15.6 27.5 43.1 2.5%
10 United Kingdom 23.8 19.2 43.0 2.5%
11 Netherlands 21.9 12.1 33.9 2.0%
12 Switzerland 7.7 24.8 32.5 1.9%
13 Ireland 5.7 26.5 32.3 1.9%
14 France 14.0 17.8 31.8 1.9%
15 Italy 9.0 20.8 29.8 1.7%

International trade is the exchange of capital, goods, and services across international borders or territories. It has increased significantly, and people talk of the ‘globalization’ of the world economy. This means that goods are sold around the world.  The balance of world trade is tipped in favour of the world’s richest countries and companies. Just 200 huge multinational companies control much of world trade. Just five countries – the USA, Germany, Japan, France, and the UK – control almost half of the world’s trade. The 30 richest countries control 82 percent of world trade. Oil tankers carry crude and refined petroleum. Super tankers can hold around 550 million kilograms of oil. The 49 poorest countries control just 2 percent of world trade.  Some countries rely mainly on just one export. Ninety-five percent of Nigeria’s earnings come from oil; 75 percent of Botswana’s come from diamonds.

Some countries such as the USA. want ‘free trade’ – that is, no restrictions on trade; other less powerful nations want tariffs (taxes on foreign goods) and quotas (agreed quantities) to protect their home.


Author
Academician Dr. Sc Dragan Jovanov Skopje, Macedonia 🇲🇰
Academician Dr. Sc Dragan Jovanov Skopje, Macedonia


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Nations that are Currently Successful in their Global Policy 
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Good governance remains among the benchmarks against which all nations, rich and poor, are often ranked
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THE POLICY TIMES
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