Five KPIs to Understand the World

Five KPIs to Understand the World A great, simple article included in The World Ahead 2026 by The Economist, where for each country in the world it provides a snapshot with the following information: 1-GDP growth 2-GDP per person (also with PPP, US=100) 3-Inflation 4-Budget balance (as a % of GDP) 5-Population 6-For some countries, additional context is provided It is amazing how such simple KPIs can help you make an initial assessment of the world today. Although it was something I was already aware of, it was startling to see the population numbers and the relative levels of wealth in Asia-Pacific and MEA. With Europe, it was also a good reminder that GDP per person can be significantly diluted when taking into consideration the Purchasing Power Parity normalisation factors. An article and tool I will keep handy, as it provides significant value and allows us to put so much into perspective. A article/tool i will keep handy as it provides significant value and allow us to put so much into perspective. The world in numbers: Countries https://www.economist.com/interactive/twa-country-reports From The Economist

- Pedro

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Books to Understand the Men and Context That Created America's Institutions and Its Checks and Balances

Books to Understand the Men and Context That Created America's Institutions and Its Checks and Balances Recommended by The Economist, plus one of my own additions: 1-Founding Brothers: The Revolutionary Generation — Joseph J. Ellis (Knopf) 2-The Radicalism of the American Revolution — Gordon S. Wood 3-The Revolutionary: Samuel Adams — Stacy Schiff (Little, Brown) 4-John Adams — David McCullough (Simon & Schuster) 5-A Magnificent Catastrophe: The Tumultuous Election of 1800, America's First Presidential Campaign — Edward J. Larson 6-The Hemingses of Monticello: An American Family — Annette Gordon-Reed (W. W. Norton) All six are on my wish list. And I would add one classic of my own: 7-Democracy in America — Alexis de Tocqueville Seven books to understand the Founding Fathers. https://www.economist.com/culture/2026/01/06/six-books-to-understand-the-founding-fathers From The Economist

- Pedro

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The Cost of Short-Term Thinking

The Cost of Short-Term Thinking Just read this quote on a Russ Roberts Substack article citing Bastiat (french economist from the XIX),that, as most of his work, I really liked — it made me think, and I could not agree more. "...In the economic sphere an act, a habit, an institution, a law produces not only one effect, but a series of effects. Of these effects, the first alone is immediate; it appears simultaneously with its cause; it is seen. The other effects emerge only subsequently; they are not seen; we are fortunate if we foresee them. There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.Yet this difference is tremendous; for it almost always happens that when the immediate consequence is favorable, the later consequences are disastrous, and vice versa. Whence it follows that the bad economist pursues a small present good that will be followed by a great evil to come, while the good economist pursues a great good to come, at the risk of a small present evil. …" Frederic Bastiat — French economist https://en.wikipedia.org/wiki/Fr%C3%A9d%C3%A9ric_Bastiat

- Pedro

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