Yahoo Finance has published an article that took a detailed look at how stability is essential for economic development.
It compiled a list of some of the most unstable countries in the world using the Fragile States Index 2022 – Annual Report.
This index analyzes factors such as government strength, government legitimacy, external intervention, and brain drain among several other factors to calculate a fragility score.
In relation to Iraq, the report says: Iraq’s fragility score is 93.8%. The country has been suffering from violence for decades. It was ruled by a brutal military dictator for decades but is yet to see consistent peace despite a new government.
This report also wrote about Syria: Syria’s fragility score is 108.4%. Syria has been witnessing continuous conflict for the past two decades, which erupted into a violent civil war in 2011. This civil war continues to wreak havoc in this country.
The report of this website also wrote about Yemen: Yemen’s fragility score is 111.7%. Like Syria, large areas of Yemen are under the control of different groups, and the civil war in this country has killed hundreds of thousands of people, including tens of thousands of children.
This report also mentions Lebanon and writes: The fragility score of the Republic of Lebanon is 91.3%.
The Republic of Lebanon is an Asian country whose currency has now become a world model of what to avoid. The Lebanese pound depreciated by 90% in February 2023, but black-market rates are even lower than the official rate.
In regard to Afghanistan: Afghanistan’s fragility score is 105.9%. It is one of the poorest countries in the world, which has seen constant turmoil in the past few decades.
