> comparable living standards
So vague as to be utterly meaningless.
And slow moving regulation literally incentivises high capex long-horizon investment.
So vague as to be utterly meaningless.
And slow moving regulation literally incentivises high capex long-horizon investment.
Also, slow moving, stable regulation can be better than arbitrary flippancy, but that doesn't mean it directly incentivizes investment, it just means the investment already incentivized by demand can proceed with more confidence that it won't have the rug pulled out from under it, assuming the regulations didn't discourage a tentative proposal in the first place.
And slow moving execution and creation of relevant legislation is a hindrance for capex in high risk projects like those in the semiconductor segment.
The Draghi report was published 2 years ago, and remains largely unimplemented.
[0] - https://en.wikipedia.org/wiki/List_of_countries_by_Human_Dev...
A country with living standards at Bill Gates levels with perfect good health until 200 where everyone is illiterate has a lower HDI than South Sudan. Even if we fix it by setting the minimum education value at 0.1 billionaires with perfect health land would have a HDI lower than 180 countries. HDI has a 90%+ correlation with GDP. It’s not a worthwhile measure.
What?