By Garvit Vyas, 14 April, 2023
Rule of law is one of the main criteria with which societies and states are measured in terms of their governance functionality. The Rule of Law Index by the World Bank, Finland has been ranked highest, and Venezuela ranked lowest in 2021 when it discusses the quality of the rule of law.
The reports reveals, 4.4 billion people live in such countries where rule of law is declining. According to the reports, the index is based on a survey on the meta-analysis of different data points measuring a country's actual rule of law. If we take an example of the prevalence of crime and violence, the strength of contract enforcement and property rights or trust in police and courts. New Zealand and Singapore are ranked among the top 5 countries and territories. The United States ranked 24th worldwide.
Israel also received a satisfactory score when the index was published in 2021. Israel is where the protests against the government’s judicial reform are also intensifying success in achieving fair scores. At an index of 0.94 points, it ranked much behind many western European and other developed nations. But at the same time, quite far ahead of many countries in Eastern Europe, including Poland and Southern Europe. Greece has index points of 0.35, Spain with 0.88 points, and Italy with 0.27 points received lower scores.
Garvit Vyas
Analyst
The most advanced graphic cards Nvidia’s are selling more than $40,000 on eBay, as demand rises for chips to train and deploy the artificial intelligence software. In March 2023, the company has announced several initiatives to broaden it reach in…
With rising market on the newly launched ChatGPT, there has been some rumours that Google has copied Microsoft-owned OpenAI’s ChatGPT to train its AI chatbot called Bard. However, Google denied the reports of doing anything like this kind.
According…
The United States economy adds up jobs quicker in March 2023. With this, the unemployment rate goes down to 3.5 percent. This signs persistent labor market closeness, which would witness the Federal Reserve raising interest rates again in May 2023.
…
Walt Disney is supposed to lay off thousands of more workers this week as it wants to slash 7000 jobs by the summer 2023. This marks second round of job cuts after a first round that began in March 2023.
Life expectancy has increased all around the world and the gap between highly developed countries and rest of the world is gradually diminishing day by day. There are multiple factors leading to the global progress with good access to sanitation,…