1、CHRISTOPH M.SCHNEIDERManaging Director,EconomicaNovember 8,2024 10th International Hardwood Conference,Vienna,AustriaThe global economy in perspective knock on wood2Out of the woods Countries with wood or wood products on their national flags economica.euSource:W,Wikipedia,Plantscience.shop;Visualis
2、ation:Economica HardwoodTree depicted3Prosperity,economic freedom and average incomeeconomica.euPeople living in the most economically-free countries earn 7 times more money,live 16 years longer,than in the least-free countries7 times higher income in the most economically-free countries than in the
3、 least-free countriesSource:Fraser Institute|Economic Freedom of the World(EFW index)4Economic freedom made the world a better place fewer and less severe constraints on individual economic choiceseconomica.euDevelopment of global economic freedom(averaged over all available jurisdictions,19702021)E
4、conomic freedom Is associated with good outcomes,including:higher and faster-growing incomes,less poverty,better health,longer life,lower infant mortality,greater life satisfaction,cleaner environments,less violence,greater trust,greater tolerance,more democratic institutions,and more personal freed
5、omSource:Fraser Institute|Economic Freedom of the World(EFW index)5Democracy is on the retreat in the world today at the same level as in 1985Democracy Index 2024:a measure for the extent of democracy from a global perspectiveeconomica.euQuelle:V-Dem Institute,Democracy Report 2024:Democracy Winning
6、 and Losing at the BallotWorld wide=91 democracies and 88 autocracies71%of the global population(5,7 Mrd.)live in autocracies=+48%more than in 201329%of the global population(2,3 Mrd.)live in democraciesFuzeile6Global risks differ considerably in the medium term in the long term environmental risks