Adonis Diaries

Posts Tagged ‘Steve Hanke

Most Miserable Countries In The World?

Mind you this list is of 2014.

According to a analysis published by the Cato Institute, (an institute Not known for objectivity and its non-politicized articles) Venezuela holds the disreputable top spot as the most miserable nation in the world.

 posyed in MILITARY & DEFENSE last April 24, 2014

The 22 Most Miserable Countries In The World

The formula used to compile the list involves inflation, lending rates, and unemployment rates minus year-on-year per capita GDP growth. (And what about public services level and health care?)

Venezuela’s much higher misery score of 79.4 is much higher than every other country except Iran (61.6), and the top 22 countries are above 25 on the index.

Inflation is the major contributing factor plaguing three of the top four nations listed. The other countries are either hampered by high unemployment or interest rates. (All colonial nations politically enjoy low rates of borrowing. Is that taken into consideration?)

Here is the top 28 (and here’s the full study):

Read more: http://www.businessinsider.com/most-miserable-places-in-the-world-2014-4#ixzz312vSMk2Y

SEE ALSO:  The 18 Most Corrupt Countries In The World


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