The entire Brazilian media is celebrating the great news that Brazil has risen one rank on the United Nations Human Development Index (HDI). It has climbed to 79th place in the 2013 HDI report from 80th in the previous year. Wow, now that's something worth celebration isn't it?
What I can't figure out no matter how hard I try it this...
How can a country that is the 5th largest economy in the world, has more taxes than any other nation on earth, have such a consistently low ranking not only in the Human Development Index, but also Corruption Perception Index, and almost every other comparison between countries around the world. Does this make any sense at all? Is it really something to celebrate in the first place?
Cheers,
William James Woodward, EB Experts Team