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By Eugene D. Jaffe

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Extra info for Globalization And Development (The New Global Society)

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4 shows the best and worst countries to live in according to Professor Estes’s measurements. Basically, the other Scandinavian countries of Finland, Norway, and Sweden are strong contenders for the “best” countries, based on their economic development and social welfare programs. 4 Best and Worst Countries in Which to Live BEST COUNTRIES RANK COUNTRY WORST COUNTRIES SCORE RANK COUNTRY SCORE 1 Denmark 98 1 Angola -25 2 Norway 96 2 Afghanistan -11 3 Austria, Sweden 93 3 Sierra Leone -8 4 France 92 4 Somalia -7 5 Finland, Luxembourg 91 5 Liberia -5 6 Ireland, Poland 89 6 Mozambique -3 7 Germany, Italy, Iceland 88 7 Chad, Ethiopia 1 8 Hungary, Slovenia, Belgium 87 8 Niger 5 9 United Kingdom, Portugal 86 9 Eritrea 6 10 Burkina-Faso, Guinea-Bissau 7 11 Uganda, Guinea 8 12 Rwanda 9 Source: 27th Asia and Pacific Regional Conference of the International Council on Social Welfare, Jakarta, Fall, 1997.

National treatment allows each member country to apply its own laws within its own borders. For example, while EU countries must charge the same rate of sales tax on retail sales, NAFTA countries can decide for themselves what sales tax to impose on retail sales (in the United States, because there is no uniform sales tax, this is left up to each state to decide). APEC–ASIA-PACIFIC ECONOMIC COOPERATION Asia-Pacific Economic Cooperation (APEC) was founded in 1989 and as of 2004 has 21 members concentrated in Asia and the Pacific Rim (including Australia, New Zealand, China, Singapore, South Korea, the Philippines, and Japan) and in the United States, Canada, Mexico, Peru, and Russia.

Trade (exports and imports) as a percentage of GNP grew from 28 percent in 1970 to nearly 80 percent in 2001. 25 percent in 2001. These figures show that both trade and foreign investment are very important contributors to economic growth. Without them, people could not enjoy rising standards of living. However, as we shall see in Chapter 3, economic growth and its benefits are not shared equally among developed and developing countries. Cultural diversity and geographic separation among peoples has been reduced thanks to the Internet and air travel.

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