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Who are we calling an "advanced economy", but also considering having an unreliable legal system? Contenders, in my mind: - China, second largest economy, but
by wodenokoto 4y ago
Who are we calling an "advanced economy", but also considering having an unreliable legal system?
Contenders, in my mind:
- China, second largest economy, but generally still considered developing, so I don't think it counts as "advanced"
- Russia? They've been a big player in the world economy long enough it is hard to call it a developing country.
- riffraff 4y agoItaly for example (second exporter in Europe, tenth by GDP in the world) has notorious issues with its legal system (for a variety of reasons) where trial may take many years to be concluded.
- dtech 4y agoThat export sounds like a suspicious claim, do you have sources? afaik DE, FR and NL are much bigger exporters, and a random Google result seems to back that, placing Italy 5th in EU absolutely and almost last by GDP [1] [2] [1] https://data.worldbank.org/indicator/NE.EXP.GNFS.KD?locations=EU&most_recent_value_desc=true https://data.worldbank.org/indicator/NE.EXP.GNFS.KD?location... [2] https://data.worldbank.org/indicator/NE.EXP.GNFS.ZS?locations=EU&most_recent_value_desc=true https://data.worldbank.org/indicator/NE.EXP.GNFS.ZS?location...
- riffraff 4y agoYou're right, I don't know where I got that factoid. Perhaps it was an industrial goods only statistic? I can't find it anyway now, so I may have just misremembered it.
- wodenokoto 4y agoWow, I stand corrected. Italy is scoring terribly. Somehow I thought “the old guard in EU are okay” https://www.theglobaleconomy.com/rankings/wb_ruleoflaw/ https://www.theglobaleconomy.com/rankings/wb_ruleoflaw/