The 28 world economies most ready for the future

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The world is changing at a rapid pace.

The last 150 years have seen the most remarkable advancement of technology in history. Electric lighting, cars, plastic, the telephone, and television are all less than 150 years old, while newer innovations such as the internet have spurred ever more rapid societal development.

In the coming decades, artificial intelligence, driverless cars, and the automation of many low skilled jobs are likely to further change the global economy.

But which nations around the world are most ready for that technological change?

Using the World Economic Forum’s recently-released Global Competitiveness Survey, Business Insider decided to take a look. The survey includes a whole section on the “Future orientation of government” which looks at various indicators of individual national governments’ preparedness.

Questions include:

How fast is the legal framework of your country in adapting to digital business models?
To what extent does the government ensure a stable policy environment for doing business?
To what extent does the government respond effectively to change?
To what extent does the government have a long-term vision in place?

Each category is given a score from one to seven, with seven being the highest reading. These are then collated into a single score.

Many of the nations to make the higher echelons of this list are oil rich Middle Eastern economies looking to diversify and modernise, including the likes of Qatar, the UAE, and Saudi Arabia, while Northern European states also feature heavily.

Check out the countries most prepared for the world’s digitised economic future below:

SEE ALSO: This chart shows every major technological innovation in the last 150 years — and how they have changed the way we work

T25. Kenya — 4.5

T25. Tajikistan — 4.5

T25. Ireland — 4.5

See the rest of the story at Business Insider …read more

Source:: Business Insider

      

Pence vows more trade war ‘until China changes its ways’

Vice President Mike Pence took a harsh line on China at the Asia-Pacific Economic Cooperation (APEC) Summit in Papua New Guinea on Saturday, pledging Washington “will not change course” on trade policy “until China changes its ways.”

“We have great respect for [Chinese President Xi Jinping] and China,” Pence said, “but as we all know, China has taken advantage of the United States for many, many years, and those days are over.” He accused Beijing of unfair trade and lending practices and suggested additional tariffs may be on the way.

President Xi also spoke, arguing, “Unilateralism and protectionism will not solve problems but add uncertainty to the world economy.” He called for further cooperation on trade and infrastructure development, defending his signature Belt-and-Road Initiative against Pence’s critique. “History has shown that confrontation, whether in the form of a cold war, a hot war, or a trade war, produces no winners,” Xi said.

…read more

Source:: The Week – Business

      

Theresa May believes a Conservative leadership contest could threaten Brexit

Theresa May no confidence

Theresa May says there are not yet enough no-confidence letters to trigger a leadership contest against her.
The Conservative Prime Minster appeared on the Sky News programme “Ridge on Sunday” to discuss her Brexit deal, and the pro-Brexit MPs from her own party who have rebelled against her.
But May had a message for the rebels, and that message is this: A change of leadership could threaten Brexit itself.

Theresa May believes a new Conservative leadership contest could threaten Brexit.

The embattled British prime minister has faced the biggest test of her premiership after ministers including the Brexit Secretary Dominic Raab and the Work and Pensions Secretary Esther McVey resigned to protest her Brexit plans.

May negotiated a deal with the European Union and made the draft agreement public earlier this week. But some pro-Brexit Conservative MPs rallied against it because the UK will be in a customs union with the EU for years after Brexit, unable to sign meaningful trade deals with other countries, without the unilateral right to leave.

Prominent Conservatives like Jacob Rees-Mogg, Nadine Dorries, and Zac Goldsmith handed in letters of no-confidence in May. If 48 (15% of) Conservative MPs write such letters to the chair of the 1922 Committee, it means the party has lost faith in May’s leadership and a new leadership contest must be triggered.

But May told the Sky News programme “Ridge on Sunday” that there are not currently enough letters to threaten her premiership, and even warned rebels that a new contest risks the entire Brexit process.

“As far as I know, no,” May told Sophy Ridge when asked if the 48 letter limit had been reached. “The answer to your question is no. It has not.”

May added: “A change of leadership at this point is not to make negotiations …read more

Source:: Business Insider

      

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