GRAPH OF THE MONTH
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GRAPH OF THE MONTH
The starting universe is composed from the members of the OECD, therefore each new membership is included in the starting universe. The sustainability ranking allows the identification of countries which have fully integrated global challenges in their development of medium-term objectives.
This complements the information gathered from credit rating, which is traditionally used to assess the short term valuation of sovereign debt. Integrating long-term perspectives, which have no direct impact on the current valuation of an investment, but will influence medium and long-term performance, allows to highlight those countries that are expected to outperform and therefore to be solvent.
Source: DPAM, September 2018
Italy : not sustainable for the eligible investment
Since inception of the model, Italy has not achieved to reach the first half of the OECD sustainability ranking. With a total score varying between 50 and 55 over the last 5 years, the main weaknesses of the country are already known : the strength of institutions in transparency and democratic values , demographic developments in population, healthcare and wealth distribution, climate change in environment and finally the education driver in its whole.
The education and innovation driver is worrisome as there is no improvement over the years. Italy remains in the bottom on several themes and challenges, particularly in terms of investments, access to internet, R&D human investments and graduates from the tertiary level of education. Indeed the percentage of 25-34 year olds who have achieved a tertiary education level is largely below the OECD average and among the worst of this universe.
Source: OECD (2018), Education at a Glance Database, http://stats.oecd.org