World Citizenship Report 2023 was released by London-based government advisory and marketing firm – CS Global Partners on April 20, 2023.
World Citizenship Report 2023 was released by London-based government advisory and marketing firm – CS Global Partners on April 20, 2023. The report outlined many different aspects associated with the freedom and global mobility.
One of the aspect focused by the Report was ‘New Freedom in a World in Flux’. While mentioning about uncertainties in the world and the citizenship, the report noted that as the world’s first-ever undertaking to measure how these global trends impact the perceived value of citizenship, the World Citizenship Report (WCR) has found one unifying theme that undergirds the concerns shared among all global citizens – and that is the concept of freedom.
It further outlined some financial issues faced by the world, including Economic Dislocation and rising debt.
THE GREAT ECONOMIC DISLOCATION –
As per the World Citizenship Report 2023, if there is any certainty among the uncertainty, it’s that an individual is unlikely to see the current economic woes subside for some time. Not only can there be little justification for thinking that the policymakers who were largely responsible for the current crises will have the wherewithal to fix them, but the sheer extent of the economic damage caused by years of mal-investment and economic distortions coming from monetary easing and artificially low-interest rates will likely take years to deleverage.
The fact that the UNDP recently stated that some nine out of ten countries would fall backwards in human development as a result, which will necessitate a global response to ‘reboot the development trajectory’ is yet further proof of the depth of the crisis.
Furthermore, WCR asserted that in this context, many globally mobile individuals and families are choosing to relocate to other regions of the globe in the hope of finding many of the core tenets of citizenship that have all too often been taken for granted by generations past and present, which include quality of life, safety, economic opportunity, and financial freedom. At the same time, the burgeoning middle classes from lesser-developed corners of the world are looking for greener pastures as they seek to use their newly found purchasing power to insulate themselves against the sharper impacts the global recession is having on developing economies.
RISING DEBT AND THE CREEPING ASSAULT ON FREEDOM –
Another critical theme identified from WCR research in 2023 is the growing importance global citizens are placing on securing a higher degree of financial autonomy for their incomes, businesses, and assets, as per the report released by CS Global Partners.
While shedding light on it importance, the WCR mentioned that outside of the mainstream framing of the issues around the economy, it isn’t just individuals and households who are feeling the pinch of the tightening monetary landscape as, despite a recent drop in the global debt-GDP ratios, global debt has continued to rise, reaching a record of $235 trillion in 2021, according to the IMF.
The World Citizenship Report was topped by Denmark and Switzerland, Finland acquired second and third position respectively. The WCR highlights the strengths and weaknesses of each country through the assessment of five key motivators. The five key motivators are: safety and security, economic opportunities, quality of life, global mobility and financial freedom.
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