Global Economic Sovereignty Composite Index (ECO-SOV) 2024 Edition Third Research Report -Final Version

The Economic Sovereignty Composite Index (ECO-SOV) 2024 provides a comprehensive framework to measure and evaluate the economic independence and resilience of nations. It encompasses three core components—Proactive, Defensive, and Prosperity—that collectively assess a country's capacity for innovation, governance, and economic well-being. By examining these dimensions, the index highlights countries' ability to manage resources autonomously, withstand external shocks, and foster sustainable development. Key findings indicate significant regional disparities, with Europe and North America leading in economic sovereignty due to strong governance and innovation, while African and Arab nations face challenges such as weak governance, low innovation potential, and dependence on external resources. Notable performers include Sweden, the UAE, and Mauritius, whereas nations like Mali and Mauritania lag due to systemic governance and infrastructure issues. The report underscores the need for tailored policy interventions, focusing on strengthening governance, investing in human capital, fostering innovation, and addressing food sovereignty. These strategies aim to enhance economic resilience, reduce dependency, and promote sustainable growth, particularly in regions struggling with socio-economic vulnerabilities. The ECO-SOV index serves as a vital tool for policymakers to design informed strategies that align with national goals and global dynamics.