![]() ![]() One example I often flag is the EU, whose leaders now speak of ‘European values’ but who at the same time have not thought out what this means in a tangible sense to the diverse nationalities that make up the Union, and how in a pragmatic way, it might bring them closer together. It suggests that in the democratic world (which according to many surveys such as one by the EIU, is shrinking), governments need to invest more in transparency, and in new ways of giving voice to their citizens – either at a local level or for example using social media to gather feedback.Īt an institutional level, many institutions are not at all well understood by the people they oversee, central banks being prime amongst them. What is striking is that trust levels in China are high, underlying a cohesive society and one where the ‘contract’ between the government and its people is still intact, something that is vastly underappreciated in the West. The World Values Survey shows that in smaller advanced economies – the Nordics and Switzerland for instance – people have a high (60%) level of trust in each other (this may be due to country size, culture and proximity of populations), but in many emerging countries with weak institutions and rule of law (i.e Colombia, Brazil, Ecuador and Peru), trust across societies is far lower (10%). ![]() The OECD Trust in Government project shows a similar picture – globally only 45% of people trust their governments and have a much higher level of trust in education and healthcare systems (in the USA healthcare and military personnel are amongst the most trusted professions – with politicians, banker and journalists at the low end of the trust spectrum).Īcross societies, an interesting picture emerges.
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