As I described in my book Principles for Dealing with the Changing World Order, I feed data into a computer programmed to produce automated reports on the conditions of, and long-term prospects for, the world’s leading countries. (1/9)
I use these outputs to supplement my own thinking and other computer models I run to help me understand the world. (2/9)
In my book I showed the computerized assessment of 11 major powers and promised to share updated versions for 24 countries—those in the G20 plus others that scored as notable global powers—at least annually on economicprinciples.org. That’s what I’m now doing. (3/9)
The overall country power score is created by weighing the outputs of 18 gauges, each of which is derived as a composite of several stats we aggregate based on relevance, quality, and consistency across countries and time. (4/9)
Because both the size of a country and the strength of the powers matter, I show measures of the total power and the per capita power of each country. (5/9)
To be clear, while these indices aren’t perfect because the data through time isn’t perfect and not everything can be captured in the data, they do an excellent job of painting the big picture. (6/9)
Additionally, it is worth noting that we have updated and improved the analysis since the book was published, which is why you may notice some figures differ slightly in this report compared to the publication. (7/9)
This system is a never-ending work in progress so you should expect it to evolve and continuously get better. I hope that you will find it as helpful as I find it. (8/9)
I also hope that these objective measures will lead to people objectively assessing policy makers’ moves and that that will lead either to better policies or to better policy makers who will make better policies. (9/9)
Loading suggestions...