United States Current Affairs - 2019

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World Happiness Report 2019

The United Nations Sustainable Development Solutions Network has released the World Happiness Report 2019. The report ranks countries on six key variables that support well-being: income, freedom, trust, healthy life expectancy, social support and generosity.

The United Nations Sustainable Development Solutions Network ranks the world’s 156 countries on “how happy their citizens perceive themselves to be”.

Findings of the Report

  • Finland topped the index of for the second year in a row and the report notes that Finland has succeeded in generating recipe that’s not dependent on economic wealth.
  • Finland is followed by Denmark, Norway, Iceland and The Netherlands.
  • The report notes that there has been an increase in negative emotions, including worry, sadness and anger across the world and the overall world happiness has fallen over the past few years.
  • None of the world’s major economic powerhouses made it to the top 10.
  • The United Kingdom stood at a rank of 15 (from 18 last year), Germany went down from the 15th spot to the 17th and the United States dropped from the 18th to the 19th.
  • Japan, Russia and China finished at 58 (down from 54th), 68 (down from 59th ) and 93rd place (down from 86th) respectively.
  • India has witnessed a sustained drop with a 140th place this year compared with the 133rd place in 2018.
  • India featured in the list of five countries that had the largest drop since 2005-2008 in the index, along with Yemen, Syria, Botswana and Venezuela.

Bottom 10

The World Happiness Report offers the world’s governments and individuals the opportunity to rethink public policies and individual life choices, to raise happiness and well-being.

Month: Categories: InternationalUPSC

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Counterfeit, Pirated Goods and Global Trade

The assessment  by EU Intellectual Property Office (EUIPO) and the Organisation for Economic Co-operation and Development (OECD) carried out based on data from almost half a million customs seizures by international enforcement agencies highlights the following:

  • Global sales of counterfeit and pirated goods have increased to USD 522 billion a year, amounting to a whopping 3.3 per cent of world trade.
  • The share of counterfeit goods has witnessed a considerable rise since its previous 2016 estimate of 2.5 per cent of global trade.
  • Counterfeit goods represented 121 billion Euros worth of imports into the European Union alone which amounted for a massive 6.8 per cent of total imports into the bloc, up from five per cent in 2016.
  • Counterfeiting and piracy posed a major threat to innovation and economic growth, at both EU and global level.
  • Companies which were most affected by counterfeiting and piracy were mainly based in developed OECD nations like the United States, Japan, South Korea and EU states.
  • Even businesses in China, Brazil and Hong Kong are being increasingly hit.
  • Countries exporting the most counterfeit and pirated goods were China, Hong Kong, United Arab Emirates, Turkey, Singapore, Thailand, India and Malaysia.

The EUIPO has expressed deep concerns about the rise in the counterfeit and pirated goods and called for coordinated action, at all levels, to fully tackle the menace of piracy and counterfeit products.

Month: Categories: Business, Economy & BankingUPSC

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