By Priscilla Tacujan, Ph.D.

The Mall of Asia, in Manila, Philippines, is the 4th-largest shopping mall in the world. Photo credit: Ivan Tykhy, 2012.

Just a few years ago, the Philippines was dubbed as “the sick man of Asia.”  Today, it is a regional star, with its stellar economic performance at 6.6% in 2012, coming second only to China’s 7.8%.  Standard & Poor’s (S&P) elevated the country’s credit rating from “stable” to “positive,” and may, according to the Philippine Finance Minister, soon get an investment grade that will enable it to attract even more foreign direct investment (FDI).  Likewise, the World Bank has for the third time upgraded the country’s growth forecast.  Its stock market is one of the best performers in the region.  According to HSBC estimates, if current trends hold up, the Philippines by 2050 can become the 16^th largest economy in the world, a giant leap from its current ranking of 44^th.

Private investments, especially in the retail industry, are creating major contributions to the country’s economic success, including the modest shopping mall.  Shopping malls are proliferating in towns and cities far beyond Metro Manila.  According to data provided by the Philippine Retailers Association, shopping malls account for about 15% of the country’s GNP and 33% of the entire services sector.  They employ about 18% of the Philippine labor force, translating into about 5.25 million employed Filipinos. Continue reading →

Bomb crater in Serekaneye, Syria. Photo Credit: Fatih Polat., March 22, 2013.

By Anders Corr, Ph.D.

The US and NATO could be pursuing a strategy of adding fuel to the fire in Syria. The Government of Syria has been allied with Iran, and irritated the US and NATO from a nonproliferation perspective, for a long time. The US has consequently wanted to destabilize the Syrian Government. Now, that wish has been met. The Syrian Government is in a counterinsurgency against rebels that are closely allied with Al Qaeda. Other than humanitarian considerations, the US and NATO should be quietly overjoyed that two enemies are fighting. Continue reading →

By Anders Corr, Ph.D. On Sunday and Monday in Dhaka and Chittagong, Bangladesh, from 70,000 to 200,000 Islamist protesters called for adoption of Islamic law (Sharia) by the secular government. The government responded with force to related road blockages, violent riots, and primitive thrown explosives. The government use of force included some live fire, and a total of approximately 37 killed over two days. That number will likely rise, and thrice that number were likely wounded. The largest opposition party, which is allied with the Islamists, called for a 2-day general strike (WSJ, NYT, CNN, WP, AJ). Footage of the protests is below, courtesy of Associated Press.

The effects of such force will be to increase the number and militancy of islamists in Bangladesh. A minority will likely turn to more subversive violence, such as terrorist assassinations, extortion, and bombings. Such action and reaction by the government and protesters has no obvious resolution in sight. Combined with Islamist anger at continuing legal proceedings against prominent Islamist politicians and public anger at mounting factory deaths, the last two days is likely a turning point for Bangladesh’s stability — in a decidedly negative direction. At least some of this increasing unrest may soon target foreign visitors, investments, and suppliers in the country.

JPR Blog

By Anders Corr, Ph.D.

Responses of Don’t Know or No Answer for 28 New York Times/CBS polls. Blocks represent the density of observed DK/NA percentages for the 28 polls. The black line represents the probability of each DK/NA rate given a poisson distribution. The green dotted line depicts the mean of the observations. The black dotted lines depict two standard deviations above and below the mean. The most recent Syria poll, with a 14% DK/NA rate, is well above 10.5 (two standard deviations above the mean). The question is therefore highly unlikely to be valid and should be clarified for future polls.

CBS News and the New York Times released a poll yesterday on opinions regarding Syria. The poll posed a question to 965 adults nationwide worded as such: “Do you think the United States has a responsibility to do something about the fighting in Syria between government forces and anti-government groups, or doesn’t the United States have this responsibility?” Answers included “Yes” by 24% of respondents and “No” by 62% of respondents. CBS headlines interpreted the poll as “Americans Against Intervention in Syria.” The New York Times stated, “Americans are exhibiting an isolationist streak, with majorities across party lines decidedly opposed to American intervention in North Korea or Syria, according to the latest New York Times/CBS News poll.”

While the wording of the poll question on North Korea was acceptable, the question on Syria was ambiguous due to usage of the word “responsibility” and the phrase “do something”. It would be very possible to think that the US has no responsibility to act in Syria, but should do something nonetheless. It is also possible to think that the U.S. has a responsibility to do something, but should nevertheless refrain from acting. Finally, “doing something” is ambiguous, and does not necessarily mean “intervention” as asserted in the reporting of the poll by the New York Times. The biases are countervailing, and lead to ambiguity. Continue reading →

Figure 1. Effect of GDP Per Capita on the Social Progress Index (Model 1)

Journal of Political Risk, Vol. 1, No. 1, April 2013.

By Anders Corr, Ph.D.

Social Progress Imperative, a global group that produces well-being data for 50 countries, released their Social Progress Index (SPI) today. The index compares countries not on GDP, but rather on a single quality of life metric as a function of housing, health, education, and environmental sustainability. The index is backed by Harvard Business School professors and the Skoll Foundation (WSJ).

Sweden, Britain, and Switzerland have the best Social Progress Index scores, because these countries have some of the highest GDPs per capita of the fifty countries in the index. It is no coincidence that the three lowest SPI scores – Ethiopia, Nigeria, and Uganda, have very low GDPs per capita. The best way to understand SPI is therefore to control for GDP per capita. Corr Analytics did simple regression analysis on SPI. Approximately 84% of the index is explained by gross domestic product (GDP) per capita (see technical details below). Countries with large economies relative to their populations will have more wealth that can be channeled to the basic necessities measured by SPI. Therefore the simpler standard used by economists for decades — GDP per capita — works quite acceptably for well-being. Continue reading →