What does it mean for the U.S. to be #220 out of 232 in economic fiscal governance? Is #1 the best or the worst in this case? On the surface, it would appear that the U.S. is one of the worst countries in the world in terms of economic vulnerability. Is that correct? If so, why would the U.S. be more in the league of Zimbabwe, Haiti, and Somalia, than in the group of the best (e.g., Norway, Singapore)?
Question: On Economic Fiscal Governance
What does it mean for the U.S. to be #220 out of 232 in economic fiscal governance? Is #1 the best or the worst in this case? On the surface, it would appear that the U.S. is one of the worst countries in the world in terms of economic vulnerability. Is that correct? If so, why would the U.S. be more in the league of Zimbabwe, Haiti, and Somalia, than in the group of the best (e.g., Norway, Singapore)?