8. Strong Institutions To Resolve Problems in Global Trade and Investment
UN Ranking: 16
WEF Ranking: 8
Average Score: 12
Trade disputes and protectionism often lead to conflicts that are detrimental to the well being of the human race. Free trade and investments in underdeveloped countries pulled more than a billion people out of poverty over the last few decades. For example, global corporations that were looking to cut their costs by shifting their production to China over the last couple of decades and free trade that allowed the exchange of goods and services that are produced in China contributed to high growth rates in that country. Now we are starting to see the same process repeating in poorer countries like Bangladesh, Vietnam, and Cambodia.
ZIDO SUN/Shutterstock.com
