Attempting to quantify governance would be rather complicated if not futile. And in any case, national governance changes very slowly, taking generations. Besides, economic policies drive economic development outcomes.
The inglorious end of the US military intervention in Afghanistan (and in the Middle East) made it possible to speculate that the end of the domination of the Western powers in world affairs has finally come. The only problem standing in the way of a more just international order is America’s inability to recognise the new balance of power in world politics and economics, Valdai Club Programme Director Timofei Bordachev writes.