Uncle Sam's Governance Is Ugly: But Still a Sideshow
The U.S. federal government has attracted increased criticism due to the government shutdown in 2013. This author, a former director of financial and enterprise affairs at the Organization for Economic Cooperation and Development (OECD), recommends a reform of laws regarding political contributions and the way legislative districts are determined. Nonetheless, he argues that from a broad governance perspective, the United States still looks relatively attractive as a market in which to invest. He supports this view through a global-governance ranking he has developed of 44 countries as investment destinations, based on major comparative studies. These include the annual “Doing Business” ranking by the World Bank and IFC, where the United States ranked fourth and Canada ranked 19th out of 189 countries; the World Economic Forum’s Global Competitiveness Index, in which the United States ranked seventh and Canada ranked 14th; and the Corruption Perceptions Index by Transparency International, where the United States ranked 17th and Canada ranked ninth. In the author’s global-governance ranking of 44 nations, he places the United States in seventh and Canada in 14th. He argues that despite justified fears of America’s increasing governance failures, it remains a relatively strong investment destination.
Collection: Ivey Business School (Canada)
Ref: IVEY-9B13TF04-E
Format: PDF
Number of pages: 3
Publication Date: Nov 1, 2013
Language: English
Description
The U.S. federal government has attracted increased criticism due to the government shutdown in 2013. This author, a former director of financial and enterprise affairs at the Organization for Economic Cooperation and Development (OECD), recommends a reform of laws regarding political contributions and the way legislative districts are determined. Nonetheless, he argues that from a broad governance perspective, the United States still looks relatively attractive as a market in which to invest. He supports this view through a global-governance ranking he has developed of 44 countries as investment destinations, based on major comparative studies. These include the annual “Doing Business” ranking by the World Bank and IFC, where the United States ranked fourth and Canada ranked 19th out of 189 countries; the World Economic Forum’s Global Competitiveness Index, in which the United States ranked seventh and Canada ranked 14th; and the Corruption Perceptions Index by Transparency International, where the United States ranked 17th and Canada ranked ninth. In the author’s global-governance ranking of 44 nations, he places the United States in seventh and Canada in 14th. He argues that despite justified fears of America’s increasing governance failures, it remains a relatively strong investment destination.
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