Last Updated 15 Apr 2020

Most Politically and economically stable country

Category countries
Essay type Research
Words 510 (2 pages)
Views 255

What country do you believe is the most politically and economically stable country to live in and why?

Personally, I believe that the most politically and economically stable country to live in the world is Finland. The country is an ideal place to live in as it very few political concerns and few economic problems. Basically, for any country to be politically stable, it first has to learn discipline and adhere to moral standards.

In this regard, Finland has consistently maintained very low levels of corruption. In the country, there are almost no reported corruption cases such as abuse of power while in public office, nepotism, bribery, extortion, graft, embezzlement, and cronyism. As a result, based on the Transparency International Corruption Perception Index, the survey which determines the level of corruption all countries in the world, Finland has consistently ranked number one, along with Denmark and New Zealand, among the least corrupt countries in the world.

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In other words, people living in Finland take comfort in knowing that all the taxes that they pay are put into good use since there is almost no corruption in the country. In addition, low corruption levels could also mean that the budget allocation for every department is free from kickbacks, which are usually illegally taken by public officials, and can lead to favorable gains such as road constructions, establishment of infrastructures, and improvement of public transportation, among others.

Moreover, considering the low levels of corruption, it is safe to say that the country is lead by officials who have a genuine concern for the welfare of their people and who place the nation’s interest above anything else. In addition, these leaders can also serve as good examples other countries around the world.

Furthermore, another notable aspect of the country is its relatively powerful economy. Basically Finland is a country that is highly-industrialized and has a free market economy, which rival that of other European economic powerhouses such as Germany and the United Kingdom. The country is also a key player in foreign trade as it also has large manufacturing companies of vehicles, machinery, chemicals, forestry products, and electronics.

Moreover, the country has also been cited as the most competitive country from 2003 to 2005 and in 2006 for its research, development, and innovation, particularly on information technology. This is best shown in the success of Nokia, the leading mobile phone company, which has greatly contributed to Finland’s economic success. Other companies that are major contributors to the country’s economy include Akey Finnyards, which manufactures the largest cruise ships in the world, and Store Enso, which is the largest manufacturer of paper in the world.

However, aside from contributing to Finland’s economic growth, these companies in the industry have also generated more jobs for the people living in the country. In addition, the low levels of corruption have also lead to more investors in the country, and as a result, the prices of goods have not dramatically increased. In short, I believe that Finland’s stable economy and progressive economy have made it one of the world’s most ideal countries to live in.

 

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Most Politically and economically stable country. (2017, Jun 13). Retrieved from https://phdessay.com/most-politically-and-economically-stable-country/

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