Insider Monkey

30 Worst Governed Countries in the World

Zarah Hamid
9 min read

In This Article:

In this article, we will be navigating through factors contributing to good governance while covering the 30 worst-governed countries in the world. If you wish to skip our detailed analysis, you can move directly to the 5 Worst Governed Countries in the World.

Good Governance at a Glance

As reported by The United Nations, good governance guarantees the rule of law, respect for human rights, an efficient public sector, and accountability in processes. All of these eventually translate into national development. Good governance and human rights mutually reinforce each other. While human rights shape the performance standards for government actors, appropriate political processes enable sustained human rights.

Democratic institutions that incorporate public opinion in policymaking symbolize a well-established governance system. Simultaneously, the government should be capable of making state services accessible to all. Effective implementation of legislation in courts and parliaments is also necessary. Constraining corruption is also a key factor in this regard since high corruption tends to become a burden on a nation’s economic progress. Monitoring governments' use of public funds and establishing anti-corruption mechanisms are solutions to eliminate corrupt practices. You can also take a look at some of the most corrupt countries in the world.

As reported by The World Bank, the global pandemic and the war in Ukraine challenged governments around the world and ultimately led to a pattern where governments need to do more with less to meet the demands of residents. Countries having strong institutions tend to be more resilient and are capable of driving public sector growth while earning the public trust. Some of the most powerful nations and politically influential countries in the world have been previously covered.

Politically Stable Nations as Business Destinations

Companies around the world tend to resort to attractive business destinations amid stable environments. Some of the most valuable companies are situated in politically stable countries such as Norway, Canada, and Sweden. These include Equinor ASA (NYSE:EQNR), Royal Bank of Canada (NYSE:RY), and Atlas Corp. (NYSE:ATCO).

Equinor ASA (NYSE:EQNR) is a Norwegian state-owned multinational energy company. On November 21, Equinor ASA (NYSE:EQNR) reported that its exploration, operations, and maintenance activities resulted in 63,000 person-years of employment across Norway in 2022. This includes Equinor employment, jobs in Norwegian supplier companies, or as a result of sub-supplies and consumer effects. Hence, the company is contributing to the local economy and is a major force in the oil and gas sector, which is one of the largest industries in Norway.

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