10 Worst Economies in the World
Forbes magazine has found out what the economy of developing the worst. The top ten losers included Ukraine, Armenia, Kyrgyzstan
$448. From 1970 to 2009, GDP per capita has tripled in Madagascar (adjusted for inflation), reaching, according to the UN, "colossal" $ 448. During the same time, GDP per capita in the nearby South Africa grew by more than 7 times - up to $ 5700.
A series of military coups, poor economic policies and continued growth of the population left Madagascar to remain in ruins, while other developing countries - South Africa, India and Brazil - rush forward. It is because of these artificial, man-made problems, Madagascar headed Forbes compiled the worst economies in the world ranking in 2011. Of course, there are more hopeless cases, such as Somalia. But among the countries for which the IMF has a relatively complete data, Madagascar, due to natural diversity is sometimes called the "eighth continent", stands a poor political leadership, corruption, poverty and lack of growth.
Compared to last year in the list of significant changes. Once outsiders, such as Ghana and Zimbabwe, have improved their economic legislation and leave the list, while Armenia and Jamaica were in the lower rows of the financial crisis. Other countries such as Madagascar and Nicaragua, have earned their positions due to inability to complete their governments.
Transparency International, Do not be surprised that 8 out of 10 countries with the worst economies in the world are in the bottom of the Corruption Perceptions Index Transparency International, and Guinea, Kyrgyzstan, and Venezuela are located at the very end of the list. Transparency International - "Corruption affects economic development - said the head of research projects Transparency International Robin Hodess - are affected by all indicators that reflect human development. Where governments are not working, the economy is not growing. "
To compile the annual ranking of the worst economies in the world the American Forbes estimated 177 countries on the average statistics for 3 years: GDP growth, inflation (including the IMF, 2012), per capita GDP and current account balance, which shows whether a country imports more than it exports.
