Back to the complete issue
Friday, 30 December 2016

The Economist’s 2016 country of the year

Here’s a list we hope to top in 2017: The Economist’s pick for its 2016 country of year is Colombia, for the “colossal achievement” of making peace during the year. “At one point the country was on the brink of becoming a failed state—something that is now inconceivable… The nightmare ended in 2016—touch wood.” The country reached a peace agreement with FARC rebels and although it was rejected by voters, the two sides sat down again and answered some of the objections. “Like most negotiated peace deals, Colombia’s is incomplete and involves ugly compromises. But the alternative is worse,” The Economist says, “Colombia is a worthy winner.”

To win the award, the newspaper says, “it is not enough to be peaceful and rich. We aim to reward improvement. Previous winners include Myanmar and Tunisia, for escaping tyranny and building something resembling democracy. Switzerland, Japan and New Zealand, which were just as lovely a decade ago, need not apply.” Contenders for the award this year included: Estonia for its educational attainment, Iceland for being the fastest growing rich country in 2016, Canada for staying “sober and liberal even as other rich countries have been intoxicated by illiberal populism,” and, more controversially, China for competently reducing poverty and Taiwan, for dealing with “China’s bullying.”

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.