FutuRes Policy Lab’s Post

The Wealth of Nations: Income vs. Cost of Living for 110 Countries • Analyzing global economic data reveals purchasing power disparities and helps policymakers address cost-of-living challenges. • Building scalable data pipelines ensures accurate global comparisons by indexing large datasets, such as income and cost of living. • Predictive models can estimate a country’s cost of living based on income trends, assisting in international policy and financial planning. #DataAnalytics #DataEngineering #MachineLearning #GlobalEconomy #CostOfLiving #PurchasingPower #EconomicData #DataScience #AIinEconomics

"According to the V-Dem Institute, almost three quarters of the world’s population now live in autocracies." Find out more in the latest edition of Aviva Investors' The Little Book of Data... 📈 Rising rates are feeding through to higher borrowing costs. At a time when investors and economists are closely monitoring the maturity profiles of government debt, this chart from Business and Finance at the OECD is instructive. Download the latest edition of The Little Book of Data to discover more ⬇️ https://bit.ly/3wHY5cq #dataviz #LBoD #economies #ItTakesAvivaInvestors

📢 Announcing AidData's latest #data release: Quantifying U.S. engagements in the #IndoPacific 🇺🇸🌏 🏗🏦 We're excited to announce the release of a new #dataset and accompanying policy brief that shine a light on U.S. #government and #privatesector economic engagement across 46 Indo-Pacific economies, valued at $24.5 trillion. 📊💱 We tracked over a decade's worth U.S. #trade, #aid, #investment, and #remittance flows in the world’s largest economic region, offering a comprehensive view of #economic ties. The research builds on AidData’s track record of quantifying international #development finance and analyzing aid distribution and impact. AidData researchers Samantha Custer, Divya Grace Mathew, Bryan Burgess, and John Custer triangulated and synthesized multiple, disparate data sources to surface new insights from 12,000+ rows of data. Dive deeper into the data and underlying #methodology, or read our blog and policy brief below for concise take-aways. https://lnkd.in/dXDhf8SD #ForeignPolicy #IndoPacificStrategy #TradeData #EconomicGrowth #DevelopmentFinance #FDI #DataScience William & Mary William & Mary Global Research Institute

Something quite exceptional caught my eye. The ONS is beginning a process of data collection, measurement and analysis to help us better understand the changing world we're now living in. This includes measurement of what the natural world provides us in terms of 'ecosystem services'. And its part of a wider remit to examine the wider "Wellbeing and Beyond GDP" agenda. Work has begun to extend the measurement of natural capital "to estimate for the first time how these resources are being depleted". There's some fascinating stuff within in their recent post - this could mean we see resource depletion in a more relevant, updated Net Domestic Product (NPD) calculation rather than simply relying on the (blunt tool of) GDP. There is an NPD measurement, today, but it is essentially just the GDP minus depreciation.) Discussions are happening, now, around 'inclusive wealth' and developing new indicators such as Net Inclusive Income. This matters to all of us because if policymakers (and the media) are presented with a comprehensive understanding from incontrovertible facts then it encourages better, fully informed decision-making. (At least, in theory.) Surely, it becomes much more difficult for them to deny problems and argue against the need for specific and focussed change where change is necessary, doesn't it? [Source: How the ONS is working towards measuring depletion of UK natural capital, Ellen Clowser, March 7, 2024.]

Interesting post on the disconnect between the data and the public's perception.

📣 The #MidlandsEngine Observatory's latest Regional Economic Impact Monitor is now available for June ➡️ https://lnkd.in/e-f7CVfw 📈 For the latest data from the region, the monitor exec summary and full report provides a snapshot of the Midlands economy

This stunning chart demonstrates why there has been so much disagreement and confusion over how our economy is really doing. The degradation of some of the *most important* economic data we have is alarming. When official data and alternative data disagree, its important to go to the sources. When our official sources are unable to get the same quality of responses, inaccuracies will creep in. But even when data is accurate, doubt can creep in and that may be the most insidious part of how the vibes became so distant from the numbers. We can't keep operating this way. Source: https://lnkd.in/epCHnHSR

Great article by The Currency and Stephen Kinsella around the importance of data and how value can be derived from data. The opening paragraph certainly resonated with me - 'Creating data, housing data, manipulating data, deriving value from data - we are moving into an era when economic progress is going to become coincident with data' #data #dataanalytics #economy Spark

At least 19 developing countries are spending more on interest than on education & 45 are spending more on interest than on health. 3.3 billion people from these countries are directly affected due to large interest payment burdens. Explore United Nations' “A World of Debt” report, including a debt dashboard & an interactive map with country-specific data. unctad.org/world-of-debt