The governance premium?

I don’t (yet?) believe this as written, but the view looks like this:

The world is changing more rapidly, so automatic pilot isn’t good enough any more.  “Good governance” and most of all adaptability have become more important.  This will benefit the Nordic countries, the UK, Germany, Switzerland, Canada, and Singapore.  It is mostly bad for India, Russia, and the Mediterranean countries, plus other countries with lots of corruption.  It remains to be seen which category the United States and China will fall into.

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