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image (EaseOfBusiness Index (Azerabaijan (25), Egypt (120), Turkey (43),…
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Overall
Australia
7
Australia is considered a wealthy nation with a market-based economy that has a comparatively high gross domestic product and per capita income. Its economy is driven by the service sector and the export of commodities.
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Azerbaijan
70
The nation is rich in natural resources, and its economy is heavily based on oil and other energy exports. The country is considered an upper-middle income nation possessing a high level of economic development and literacy.
World Bank has noted that while the rates of unemployment and poverty in the country have fallen, Azerbaijan is at risk of losing those gains. The international organization warns of a need to diversify the number of industries offering employment. The World Bank also warns of a looming “youth bulge” – a large number of young people entering the workforce who will need jobs – which will threaten to raise the national rate of poverty.
Turkey
34
Though balance sheet deficits remain, the Organization for Economic Cooperation and Development expects Turkey to be one of its fastest growing members in coming years. Advancements also have been made in education and health