5 Countries That Will Dramatically Improve in the Future

[@OffshoreCitizen]

Check out our new KZbin Channel - The Solutions Podcast: kzbin.info/door/AXYjNKIABiNoLEyGhuFpPg

[@HunkyMan777]

Georgia, Serbia, Montegnegro, Vietnam, Cambodia

[@MichaelRosmer]

Solid picks, what do you think about the political dysfunction in Serbia and how it will affect their progress?

[@nikolamuncan9822]

I'm not sure about Serbia and Montenegro

[@saintwolfvision]

Georgia - whats working about it?

[@mattball7074]

Since people are listing 5 spots... mine would be...Uruguay. Oman. Georgia. Uzbekistan. Mexico. (Montenegro for 4 months of the year)

[@Mo-ct7oo]

UAE in my opinion it looks firm from outside but because I am from that area I know they are very fragile country from inside and it can collapse way easy than people think

[@Ast151]

they started offering citizenship to the foreigners which is a red flag that the economy is not doing well

[@thedcrypted]

I agree with all of your picks but I would add South Korea. Great video, thanks!

[@MichaelRosmer]

Yeah south Korea is a super interesting possibility, lots of potential, it's been a while since I was there and I've never been to North Korea I'd like to do a trip maybe next year.

[@user-fw6py6zs4v]

Uzbekistan, Vietnam, Guyana, Ethiopia, Nigeria.

[@OffshoreCitizen]

Ah a few people have mentioned Uzbekistan as an up and comer I haven't visited there yet. What have you observed about Guyana?

[@bertimusz4151]

Love those uzis

[@tw9419]

Southeast Asia for sure - Vietnam, Malaysia, Thailand, Philippines, etc. I could see Eastern Europe rising, but not in 5-10 years. I think that progress will take much much longer.

[@MichaelRosmer]

What do you think is holding eastern Europe back relative to Asia?

[@tw9419]

@@MichaelRosmer Combination of things - culture, bad governance and corruption. Whoever gets in the position of power doesn't care about changing things for the better for the entire population, they care about making their own lives better and position in society more firm. Average people are like this too: they will take ''shortcuts'' in life whenever they can. That's why you'll see many young people who didn't bother to study but purchased degrees instead, didn't bother to work but joined a political party, landed a job in a government owned business thanks to family connections not by merit, if they start a business they'll try and exploit everyone and everything for their own success. Living in multiple Eastern European countries I have noticed this as a pattern that keeps repeating. Of course not everyone is like that, but enough people are to prevent a positive massive change.

[@732daven]

@@MichaelRosmer An aging population, lack of natural resources, and its location, between Western Europe and Russia, both of which are in decline. And not talking about Africa and Middle East which are unstable and bring unwanted immigration. Being next to successful economies such as China, Korea, Japan, Taiwan, Thailand is an advantage. Plus natural resources are huge in Indonesia, China, Australia, Siberia, Pacific ocean. Finally strong entrepreneurial mentality.

[@henrikjohansson4555]

@@MichaelRosmer demographics is unfortunately very bad :(

[@venusreena2532]

Very good discussion Michael.. much truth..

[@powergrower]

UAE is one of the only countries that does not hate rich people.

[@MichaelRosmer]

Yeah exactly, which means tons are going there.

[@nikolamitic9395]

Indonesia, Vietnam, Malaysia, UAE and maybe Turkey.

[@MichaelRosmer]

What do you think about the political issues in Malaysia and how those could hold them back?

[@MichaelRosmer]

@@RC94332 what do you think is holding them back?

[@mjhmn]

Turkey is going down the drain as we speak. Just check out the lira.

[@azmiadnan2161]

@@MichaelRosmer the high speed rail is a good example of flip flop policy that drive away investor confidence. I don't see any improvement in politics anytime soon.

[@ltchuan03]

1. Vietnam - Increase in middle class due to the job opportunities from China companies (One road one belt effect). However, quite difficult to cash out your profit from this country as far as i know. 2. Indonesia - Upside is population dividend. Natural disaster could be a pain point for Indo. I am still trying to assess the impact as a result of the move of capital city from Jakarta to Kalimantan. Go back to your point on MY - Racial politics unlikely to be resolved in near term and to be honest I don't see any visionary leader yet at this moment. Unless the next coming election any coalition gonna obtain 2/3 majority, then the country probably can move forward. Thanks for your great content. Gonna learn more about your pick on Qatar and UAE.

[@OffshoreCitizen]

You're welcome! Happy to be of service ☺ Thank you for sharing your insights, truly interesting and appreciated! Let us know what you think about Qatar and UAE, as well👍

[@thecryptostrategist2433]

Turkey, Albania, Cuba, Vietnam & India

[@Montoursz]

I think you're right about Europe. I don't see France, Italy, Spain and Portugal improve either, probably even go backwards. However I don't see Germany, Austria, the Netherlands, Switzerland and the nordics go backwards, they either will stagnate or improve. Just moved to the UAE (Dubai) as well and the government here is like you said actually trying to improve the country and not having idiotic discussions on gender equality and all kinds of other irrelevant topics that don't benefit the growth and improvement of a country. I see this in western politics all the time, not saying some of the topics don't need attention but in western politics it's about that all the time, and they are not putting the time and money into the real problems. To be honest with you the UAE has its problems as well right now, oil prices are low and the real estate market is oversupplied, also a lot of high skilled expats lost their jobs and moved back to Europe. Resulting in an even greater gap between supply and demand in the real estate market. As long as demand will come back again the UAE will prosper again, but if not I am not so sure. They are just pumping out the next residential tower or hotel after the other.

[@calvinconcepts]

I think that where ever there is stagnation there is decline. If you are not growing you are declining.

[@Montoursz]

@@calvinconcepts True however not if you are stagnating and others are declining.

[@MichaelRosmer]

Yeah Sweden for instance had a horrible time in the 80s and kind of got things figured out more naturally in the 90s, which has moved them forward. Norway benefits from oil but has done a really good job using that. They seem to understand where to l let the market work. That whole region unlocked a lot of innovation etc. I'm not sure about the trajectory though. I see pretty bad things for Denmark for instance and think part of the problem is they don't see how bad their problems are. Places like Germany still have lots of momentum so it's going to continue to be good but will it get much better? I'm on the fence about that. What do you think and why?

[@eugenmalatov5470]

Things have gotten a bit quiet about UAE when compared to the projects ten years ago like palm islands, Louvre clone, ...

[@jayvincent8860]

UAE, Paraguay, Bulgaria, Portugal, Puerto Rico

[@OffshoreCitizen]

Interesting, what makes you say Paraguay?

[@jayvincent8860]

@@OffshoreCitizen Paraguay has tremendous upside for growth. Great job on your informative videos!!

[@eugenmalatov5470]

@@jayvincent8860 lol, a non-answer

[@cr8zystar282]

Puerto Rico is not a country!

[@hellophoenix]

I’m surprised no hate comments about the UAE. I think because most of those people don’t know that Dubai is in the UAE. 😂 I agree about the UAE, they are constantly improving on themselves. I also think Portugal will do well especially with the start ups and the digital nomads. A great video as usual , and I’m huge a fan.

[@MichaelRosmer]

Thanks! And yes you're right lol though I do think the image of Dubai is improving.

[@techcowgirl]

I don't consider the UAE because women are not treated well there. Spartan Race was booked to hold a race there, and women would be forced to wear head coverings while racing. That sort of crap is a no go for Today's non-Muslim women. I think if I went there, there's a whole lotta men going to have fits of apoplexy trying to interact with a super strong Canadian woman!

[@MichaelRosmer]

@@techcowgirl strange because head scarfs aren't mandatory in UAE you've got people walking around all over without

[@LordHeigler]

@@techcowgirl This is a business perspective channel, I don't think beliefs and discussions on this matter are imperative, but the golden rule is: If you are abroad, you're a guest, so you must adapt to the place and not the opposite, aways respecting the local culture.

[@techcowgirl]

@@LordHeigler I won't take my business anywhere that doesn't treat women well. So I didn't book into that particular Spartan race. Nobody gets to dictate what I'm going to wear during a race I pay for entry. Me respecting other peoples' customs goes only as far as the point where I'm forced to observe things I don't believe in, like hijabs and burkas. I will not visit or do business with such repressive places. If you were female you might understand, but you aren't so I don't expect that you would. Just know that the world is experienced much differently by women, and the realm of business is no exception. I work for a company where we have about 3% of employees being women in a very industrial field. Just like everywhere else, it takes great effort to get alot of men to realise its like we live in 2 different worlds completely.

[@rizwanakarizzy8771]

Heyyy, been watching your videos, and today you for first time mentioned my home country, Pakistan. Also btw I'm real big fan of Ukraine also and love how you see it as a great one. But I got one Q, Ukraine or Georgia for investments?

[@MichaelRosmer]

Great question in my experience Georgia is a safer place to invest so it's easier to do but if you're willing to dig deep, build connections etc I think Ukraine has more upside

[@rizwanakarizzy8771]

@Michael Rosmer nice, thanks, I think I can indeed build connections in Ukraine, I first found out about it when I hired for a software I was working on, their character was even better than their work!

[@nomadic-mind]

Singapore, UAE, Georgia are the only three countries I can think of with very strong indicators. All three have strong talent pools and entrepreneurial cultures. Latin America's "problem" is the Cartels which is fairly obvious but probably not PC to say in a video.

[@OffshoreCitizen]

What are the indicators you look at? Qatar I'd add to the list, Vietnam maybe, probably a few other places in Asia.

[@nomadic-mind]

@@OffshoreCitizen For me, it's the local talent pool. Countries that either has natural local talent or the ability to attract foreigners and pay salaries that are competitive with companies in the USA. Innovation and creativity is a rarified personality trait. Organic startup ecosystems that form in a country are good signs to me.

[@brp361]

Vietnam 100%. Latin America has potential but squandered through poor govt. Lastly I wouldn't write off the us. There is a tendency to amplify problems and hyper-focus on negatives. For investments and making money, nothing comes close.

[@RedgeNumber1]

Taiwan, most interesting place in Asia in my opinion. It's been getting more attention because of the actions of China and I can only see it going up from here.

[@OffshoreCitizen]

True to that! Taiwan is definitely an interesting country. What do you think about the others on the list?

[@RedgeNumber1]

Most of it makes sense. As someone who have been following the developments in China for the last 10 years I can say that the progress have been going backwards, especially for foreigners. I remain bearish as long as Xi Jinping remain in power and with the change in law it's looking like he'll be in charge for life.

[@princexiaomi]

Turkey , Iran , Macedonia ,Serbia , Brazil

[@MichaelRosmer]

Interesting choices what are your thoughts on Brazil?

[@MichaelRosmer]

@@RC94332 what do you think they need to overcome to really thrive?

[@maliksam1022]

I believe that China, Pakistan, Turkey, Malaysia, and Indonesia will improve significantly in the coming 10 years. They wont be perfect but each will be substantially improved from their current state. This is based on my own analysis of current and historical events along with various studies from Goldman Sachs (Next 11), PwC (World in 2050), and Financial Times (The Asian Century is Set to Begin) to name just a few. Further, this list is making a bet on dominance of China in the coming decades and hence picking their key trading partners/allies across various parts of Asia and Europe along with healthy demographics of those countries in the coming decade.

[@OffshoreCitizen]

Interesting. Thank you for sharing your insight. Could you see yourself living in any of those countries?

[@maliksam1022]

@@OffshoreCitizen Absolutely. I can see myself living in all of those countries over time as an American expat working in Finance and Tech. I do see this as the beginning of the Asian century with very strong Chinese influence. Prior to the pandemic, Southeast Asia and East Asia were the fastest growing regions in the world. Therefore, I currently prefer Southeast Asia as the most desirable location as an expat, particularly Singapore and Malaysia due to stronger rule of law and better infrastructure. I then prefer Western Asia/Eastern Europe (Turkey) in the coming 5 years and South Asia (Pakistan) in the coming 10 years as preferred growing Asian regions for expats. Of course, current pandemic has complicated many things, especially for Malaysia.

[@jeremyleonbarlow]

Malaysia, Portugal, Malta, Costa Rica, Vietnam would be my list of the Top 5 likely to see major improvements.

[@OffshoreCitizen]

Interesting. Can you see yourself moving to some of those countries?

[@jeremyleonbarlow]

@@OffshoreCitizen while I want to see Vietnam, it's not on my list of places to live because the traffic is so bad, but places to see, if only to see where my dad fought a war. Malaysia is high on my list. Costa Rica is likewise high on the list, Portugal would be, but I don't see a good way to make it work from a tax standpoint with how I think the company I want to build needs to be structured given their corporate tax residency based on management & exit taxes. Malta is interesting, but it's becoming less interesting all the time. The CFC rules in the EU in general a fairly unappealing, but some form of the trifecta approach with a fair amount of vacation time as opposed to residency in the EU will probably be part of my long term plan. The toughest part of the long term plan though will be obtaining a citizenship that allows me to shed my US citizenship. I really need to find the right Italian girl to marry.😏 Barring that saving up to become Antiguan & probably also North Macedonian will be on the list along with a residency permit for Mexico & a long term visa for Canada in that Antiguan passport before any termination of US citizenship would be in order. I could be at the Thousand Islands bridge crossing the St. Lawrence into Ontario in 30 minutes, so even if Uncle Sam decided I couldn't get a B1/B2 visa to visit family, they could see me in Canada. At least that had been my thinking o. The subject.

[@henrikjohansson4555]

Rwanda, Georgia, Slovenia, Czech Republic and Estonia

[@MichaelRosmer]

Interesting choices what's your reasoning behind them

[@henrikjohansson4555]

@@MichaelRosmer Rwanda just have to keep on being a stable country in an area of uncertainty, every area need some solid platform to do business from. 60% of women in parliament often this leads to less corruption Georgia young country low starting point an lot of good signs I think? Slovenia young country smart people very safe if europe gets less safe countries like this can benefit. Czech republic something very safe Praugh is a very well positioned city in center of europe i think will become more international and important. more business moving there etc. Estonia very progressive probably most progressive country in the world ? young countries FTW

[@MichaelRosmer]

@@henrikjohansson4555 interesting so you'd say aging population = bad, young population = good? I tend to look at things like how Sweden ruined themselves in the 80s. How Argentina routinely ends up defaulting on their debts, etc.? Thoughts?

[@henrikjohansson4555]

​@@MichaelRosmer I am from Sweden :) Sweden did have some social politics that did go too far in the 1980s. A lot of these have been taken away for example wealth tax and inheritance tax. the narrative on Sweden I think is often a bit wrong as often media focus on income tax etc. But company tax is medium 20% , capital gains tax for companies is one of the most favorable in EU 0% participation requirement. you have 7 public stock markets in Sweden, so there is a lot of going for it. in terms of the markets, I think the Swedish stock market has been the highest performing market in the world from the 1980s together with Finland? So I don't follow the compression with Argentian?

[@djcouncilestateboy]

top insight

[@OffshoreCitizen]

Thank you! If you have any video suggestions, feel free to let us know!

[@dlukton]

"US citizenship becoming more of an asset than a liability". I've moved much closer to that point of view.... over the last 5 years... than I've ever been before. * * * * * * * * * * * * * * * * * * * * On the issue of Latin America versus Asia, a key advantage of Latin America is the availability of citizenship; it is (I assume) relatively easy to procure citizenship in many of the countries of Latin America (for those with the necessary language skills), whereas getting citizenship in an Asian country tends to be very difficult.

[@OffshoreCitizen]

Very good observation

[@OffshoreCitizen]

Any particular Latin American countries that draw your attention?

[@dlukton]

@@OffshoreCitizen Not really; my point is just that if a US citizen wants to renounce his US citizenship, it would be desirable for him to have more than just a citizenship from, say, St. Kitts or St. Lucia. By residing in Latin America, he can get that additional citizenship; but residency in Asia will not get him another citizenship. (Of course, if "money is no object", there are other options).

[@ashtonal]

The UKR part is out-dated by event. Curious to know about Bahrain. What about comparing Abu Dhabi and Dubai both UAE?

[@ferayster]

Would love to hear others countries you are bullish on within Eastern Europe, aside from Ukraine. Also, thoughts on Turkey?

[@MichaelRosmer]

Turkey is a really tough one. I think if you think about this question you can ask in cases where countries tend not to improve a lot what prevents it? Or in cases where they do advance a lot what enables it? I think in the case of the former, corruption and violence or crime are clearly examples of things that hold places back I think you could also include large scale or sufficient scale rent seeking under the corruption category. When looking at what it takes to really advance I'd notice leadership/vision, an enabling environment/coordination, and culture. When I look at Turkey I see a lot of potential but they've also got a few big issues that have been holding them back over the last decade or so. To me I think for them to be dramatically better with high probability they need to have a regime change to someone new and better. I haven't seen the signs that this will occur with high probability. I don't see that they are cultivating this leadership so I think it's subject to a fair degree of randomness, which is hard to bet on. What would your assessment be?

[@MichaelRosmer]

In eastern Europe, Georgia is on a good trajectory, though I'd say their pace of improvement has slowed they've also decreased some of the geopolitical issues of 13 years ago or so.

[@ferayster]

Turkey seems to me an increasingly authoritarian state, but sadly regime change might just sink the lira immediately and sink the country into even a darker fate. The Lira has been on a slide for 50 years+, so currency risk is already a concern. UAE is not totally immune from political or geopolitical "events" either on a long-term basis, and real estate construction never ceases and supply will always outpace demand, I would guess. Eastern Europe seems to have the right balance of growth and risk, but Ukraine has been particularly problematic with political and corruption risks- as you noted. Georgia, Montenegro tempt me more.

[@andersjuhljensen9244]

@@MichaelRosmer How do you feel about Romania?

[@MichaelRosmer]

@@andersjuhljensen9244 similar to the rest of eastern Europe. If they really want to thrive they need to get the corruption etc under control

[@loathecraft]

i have quite a few problems with some of your pick and that is mainly that you assume countries that have improved will continue to improve rather then look what made them improve and see if that would hold up for example U.A.E is rich just bcs of oil and as of now the world is trying to transition from oil to renewable and nucelar and they(uae) also fallen short in diversifying their economy

[@danielvesco830]

Impressed

[@OffshoreCitizen]

Thanks! What are your thoughts on the topic?

[@KPGuitarStudios]

Sadly, Ukraine was incorrect but you can't win them all. I'll have to concede to your knowledge and experience, there's just so much to research and I have been dedicated to other things. I've always thought Eastern Europe has room for growth, Africa at some point needs to rise up as well, likely Egypt first. Much like South America crime tends to be a big factor. With the current update due to the pandemic and the war, it kind of feels like most places will actually go downhill for at least a good while here. Certainly America will be knocked off its peg a little. These are some tough times... unless you're travelling to Montenegro :P

[@eugenmalatov5470]

Real tour de force all around the 🌎. Amazing

[@vizeet]

Money has a lot to do with corruption.. when people's salaries rise they start seeing the benefit of bribery/commission is not worth the risk corruption goes down. But at the same time if money leads to mafia it leads to greater corruption...

[@MichaelRosmer]

Interesting observation, definitely some truth there. What causes it to go one way or another? One thing I think is under appreciated about corruption is cases when there's a demand for corruption. You've got the supply side and demand side you can reduce UT by tackling either, ideally both.

[@vizeet]

@@MichaelRosmer I think it all depends on how money inflows happen. If it happens through social service organizations as in Africa you hardly see any benefit. That is one reason I am totally against donating to the poor. Don't do it unless you are doing it yourself. Money mostly makes the situation worse. If money flows through an individual interest in the country then the mafia enters. Many Asian countries suffer from this problem. In Asia, money is flowing through people due to jobs, tourism, real estate. Lots of money to be made by govt officials and mafia. The third category is when govt wants to bring investment or a foreign govt is interested in countries' infrastructure then money flow is well monitored. In this case, corruption reduces overtime. I believe this is the case in East Europe, so I have more faith in the future of East European countries than Asia or Africa.

[@MichaelRosmer]

@@vizeet interesting perspective that could make good sense...

[@jeremyleonbarlow]

Chile would be the exception on the crime rate in Latin America given that they are the safest country in the Americas, except for your homeland of Canada. I mean Chileans are safer than Americans. I think the biggest setbacks in most of Latin America have been the result of US crony capitalism & their gangsters at the CIA destroying countries by backing destabilizing coup de tats that benefit major US multinationals at the expense of those countries' local economies. American imperialism is the factor that crushes Latin America or makes Latin America. I mean US imperialism is the reason Panama is doing so well, but it is also probably why the relatively strong economy of Uruguay is at risk. I mean a government with a relatively tax friendly set of economic policies has also been able to focus on improving a European style welfare state -without raising taxes. Who the hell do they think they are? It's a damn good thing there hasn't been a major oil find in Uruguay or that very well functioning democracy might have to have the CIA or the US military import some democracy down there.🙄

[@matinbali]

Indonesia Malaysia Vietnam Thailand Vanuatu I am thinking of tax free freedom of choice countries tax should be on consumption not on hard work. Still waiting for that crypto paradise Michael

[@MichaelRosmer]

Do you see evidence that tax free environments drive substantial improvement in places? I don't see the evidence for that. In UAE it has happened but I think that's more a function of resources, vision and competence than tax policy. If I look at zero tax Caribbean countries I don't see that they've improved much in ages. By contrast Singapore was one of the most improved countries for decades and they weren't and aren't tax free.

[@MichaelRosmer]

What's your analysis re Vanuatu?

[@jeremyleonbarlow]

@@MichaelRosmer I think Uruguay speaks to your tax favorable as opposed to tax free hypothesis as was the case in Singapore, but also good governance. I think there have been quite a few good policy & anti-corruption governments in Latin America that have done well in the region, but I think the X factor in the region has been US imperial policy, the Monroe Doctrine debris & a tendency for people in Langley, Virginia to interfere in Latin American economies that are improving the economic opportunities for people within their own countries at the expense of US multinationals.

[@matinbali]

@@MichaelRosmer Vanuatu is close to where I am so makes it apealing but still need to look into it more. Them may be crypto friendly also which helps.

[@matinbali]

@@MichaelRosmer regarding the tax I was just trying to make a point that taxing people for hard work isn't really an insentive to work hard. Example if I am struggling to get ahead I may get a second job while still struggling the goverment decide to tax me more.

[@xuanstriker4086]

Excluding India and China right? So im guessing it's from my country Malaysia, Vietnam, Thailand, UAE & Turkey (of course)

[@MichaelRosmer]

Not necessarily excluding any countries. What's your analysis of Turkey?

[@732daven]

if you could educate me, I always thoughts Malaysia has been plateauing for a long time and the outlook is that they will be doing OK, but not much better. Maybe I got it wrong?

[@tinglestingles]

one place is definitely Malaysia...!

[@MichaelRosmer]

How do you think their political issues will affect this?

[@xuanstriker4086]

@@MichaelRosmer yess we hv some hiccups with political turmoil and pandemic that hit us hard... but the global/international predicts that Malaysia will bounces back much faster this year.. (hopefully)

[@tinglestingles]

@@MichaelRosmer Changed my mind on Malaysia!

[@MichaelRosmer]

@@tinglestingles haha yeah the political issues are a factor of disproportionate influence. What are some of your new places?

[@fredriksmedberg8097]

Countries like Andorra, Switzerland and Lichtenstein in Europe have relatively favorable taxes and high quality of life compared to most of it’s European neighbours. But also very high cost of living (Switzerland more so than Andorra). What’s your thoughts on those countries? Will their quality of life and high cost of living survive the global competition in the 2020 decade?

[@MTCHAMENGO]

What is your view on the future of Brazil?

[@garyschomberger2291]

Kazakstan, Uzbekistan, Tajikistan, Kyrgystan, and the Solomon Islands.

[@wealth53]

I may be a contrarian here but I see the US going through some rough times, probably the next 4-8 years but ultimately will improve again, The USA has tremendous human resources when combined with the huge financial resources will take the US to another level. The same I can say about Canada. In Europe I see Spain as well. while I agree with Ukraine as long as Russia keeps it hands out of there.

[@MichaelRosmer]

I love contrarian positions and to some extent I've been thinking similar to you with the US. The fact that everyone seems so bearish on the US makes me think maybe I should be bullish. Canada maybe as well who knows. Spain I disagree on though I think it's in for a very rough time before things get better.

[@wealth53]

@@MichaelRosmer You live and know the euro markets better than me, my opinion from Spain come from individual investors from here (I live in the US) that like Spain for investment purposes and they feel that the market will eventually be one of the best, one of the reasoning is that with Covi-19 Spain has a rude awakening by losing so much money for the lack of tourism as consequence several lawmakers seems to be looking at the possibilities of expanding the business incentives. The clima and location is ideal, but it will depend so much on what the lawmakers will do. Although I agree with you, before things get better, they may get worse. My wife and I will be expanding our business eventually in Europe, and Spain is at the top of our list to start mainly because my wife can get her citizenship easier as granddaughter of Spaniard.

[@OffshoreCitizen]

Hey their citizenship but avoid having a company or paying taxes there like the plague it's really bad and lots of wealthy people have left because of that. Climate is amazing and it's a beautiful country but they have serious problems if it wasn't for EU bail outs they'd already have gone under. They need to focus more on growing the pie and less on taking more of the pie, which they haven't figured out yet.

[@henrikjohansson4555]

The USA is very easy to hate indeed so a lot of it I think is actually laziness, if trying to think about "the offshore world" should be to find out the truth about things.. you have people who are bashers and USA bashers are very loud (very ironic huh! ) but often is not that much substance to their opinions......

[@MichaelRosmer]

@@henrikjohansson4555 what do you think are the most important factors in a country improving at a fairly rapid rate?

[@lexi4442]

Would love mote focus on eastern EU too

[@OffshoreCitizen]

We've made videos on Bulgaria, Montenegro, Serbia... Have you seen those?😄

[@lexi4442]

@@OffshoreCitizen sure have seen those ones 👌

[@themogulshaneil]

Nigeria and other west African countries

[@MichaelRosmer]

What do you think will be their greatest challenges to overcome?

[@732daven]

Bolivia, Cambodia, Laos, Columbia, China...and it i could add two more it would be India and Vietnam.

[@OffshoreCitizen]

Interesting, what do you see in Bolivia?

[@732daven]

@@OffshoreCitizen Bolivia has the biggest lithium reserves in the world, not much public debt and starts from a low base. IF Bolivia manages well its lithium mines and builds batteries locally with Chinese / Western investments, it could do well I think.

[@MichaelRosmer]

@@732daven so you think it's likely they'll do so? My inclination would be in most of those countries they get exploited for their resources and don't benefit much aside from a few key individuals high up.

[@732daven]

@@MichaelRosmer no-one is sure. Corruption is a huge risk, I agree. Maybe I am over optimistic: Bolivia has 57 countries with a higher level of corruption than themselves and 123 less corrupted than them. That being said, my observations is that Chinese investments are usually better redistributed, benefiting the population. It is in China's interest for a long term soft power impact. We have seen roads, hospital, sewage system, dams, hydroelectric infra, railway built by China in Africa benefiting the local population more than what had been done before by Western governments in the past. Note: I am a western citizen, no relation with China, very critical of China and I do understand what happened in Sri Lanka with their "debt trap". Just saying that there is more visibility those days when a few high ups benefits from the investment, which would look bad on the investing country/their companies.

[@pribre]

You missed the biggest growth story of next 10 years..India

[@MichaelRosmer]

They definitely could be! What do you think life will be like in India 10 years from now?

[@vimalcurio]

Nah India gonna take more than decades to make descent change I'm talkin based on government, corruption and bureaucracy here and most importantly youths here lol non entrepreneurial culture plus focusing on wrong stuff and do u know India still completely dependent on China for trade for most of the part. If we were exporting our goods to EU countries then we would have done better but our government so slow such a bureaucracy. And u still think in 10 years we'll make big changes? One thing India did better tho as of now is they created upi system which is revolutionary but we gotta do better in other aspects of economy or we are fucked.

[@vimalcurio]

And one more thing forgot to mention that's why talented people are going outside for better life such as sundar pichai. So many Indians are in Canada, US and heck even in all countries in Europe. There is no place I didn't see them in big numbers.

[@venkateshperumal9062]

@@vimalcurio wait and see bro, you don't know world politic

[@vimalcurio]

@@venkateshperumal9062 lol

[@eduardomejia8323]

I would like to hear about what you know about work visas in Europe for non-EU people specially from Latin America. Which countries are the easiest to get work permit? I am personally interested in countries like Poland, Bulgaria, Portugal, Belarus and Romania, I don't care much about getting the highest salary but to get a work permit that leads to citizenship.

[@commmentz522]

Belarus isn't an eu member and the citizenship is not much more valuable than a latin american one, but its still a good backup. Easiest places to get a medium skilled job work permit are bulgaria and romania in eu. If you are highly skilled like a doctor or a developer you can get a job quite easily in any eu country.

[@eduardomejia8323]

​@@commmentz522 While is safer than Latin America, it doesn't matter. I have read a little bit about them and they look interesting. As you mention that in any EU country you can get a job as a highly skilled people, but I am considering the difficulty of obtaining citizenship. I have heard that in countries like Austria and Switzerland it's almost impossible to get citizenship by naturalization.

[@MichaelRosmer]

Getting citizenship in Bulgaria isn't that hard if you put in the time. It's mainly a matter of time. Usually I tell people forget about a work visa do an entrepreneurial visa them go that route

[@PsijicV]

Georgia?

[@MTCHAMENGO]

And Columbia as well?

[@Dimitrius1]

Colombia, Venezuela, Brazil, Argentina, Mexico?

[@OffshoreCitizen]

What makes you say those?

[@Dimitrius1]

@@OffshoreCitizen well not in a short term but long term Im thinking bullish on Latin America. Perhaps Chile, Uruguay, Costa Rica as well.

[@saintwolfvision]

What are your thoughts on Poland??

[@OffshoreCitizen]

Too bureaucratic it's stifling, people are great though

[@saintwolfvision]

@@OffshoreCitizen when you say that do you mean there is just layers of paperwork for everything OR do you literally mean it’s impossible to get anything done?

[@saintwolfvision]

@@OffshoreCitizen considering Serbia as well. In Czechia at the moment and want to try to keep my next move close.

[@danielvesco830]

Saudi: Im impt ested with their plans

[@beingbornwasamistake9770]

In Africa I would say that "Ethiopia", the plausible new country "East African Federation", "Nigeria" and maybe a wild guess "Madagascar" has the most potential to improve and become a world power in the far future between 2040's and 2050's...

[@OffshoreCitizen]

What factors do you think are most important to improvement?

[@beingbornwasamistake9770]

@@OffshoreCitizenGeographic position, weather the geography makes the country easy to conquer or not plays an important role, Access to the sea, High population of young hard working people, lot's of natural resources, low corruption in the gov, internal and external political stability, strong nationalism, strong military, etc... Most of these factors apply to the African nations mentioned before, but for now these countries lack "low corruption in gov" "political stability"...Just like "India" these countries have plenty of inherent potential for growth but they haven't taken off yet...

[@MichaelRosmer]

@@beingbornwasamistake9770 I'm wondering how much these factors have altered over time. Thomas Sowell makes an interesting case for why Africa struggled historically based on geography. Today, you don't see the same threats of external invasion and military spending seems somewhat wasted (both Japan and Germany post WW2 are great examples of countries without military might doing tremendously well). If we look more recently you can see countries that have done incredibly well would be those like: - Singapore - UAE - Ireland It's worth noting that UAE has done much better than most comparable countries within the region how come? South Korea has obviously done much better than North Korea and yet in many regards they are very similar countries. The geography is similar, location in the world is similar, populace is probably younger in North Korea would be my guess, corruption is a tougher one to quantify. I don't see a definitive advantage in one military over another. You could say "well one is a dictatorship while another is a democracy" but then again China has beaten almost all the other countries in the world in development over the last number of decades and it is a dictatorship. Singapore was fairly autocratic under Lee Kwan Yew but advanced phenomenally. UAE is autocratic but has done amazingly well. So evidently the government structure isn't the answer. I think the answers are much more nuanced than they might at first appear.

[@eugenmalatov5470]

@@MichaelRosmer Great answer. I think the geographical determinism a la Jared Diamond is not real relevant anymore

[@MichaelRosmer]

@@eugenmalatov5470 much less of a factor agreed since we live in an information economy. It begs the question if not that then what?

[@threealpacas]

El Salvador!!

[@OffshoreCitizen]

Rooting for El Salvador! ☺🇸🇻 Are you living there?

[@eugenmalatov5470]

Are there some hard metrics you look at? GDP, Ease of Doing Business Index, Freedom Index, ... ? Commodity prices? Or just gut feeling? ... Again it would be interesting to do an analysis how all the Brics, Next-11, Mongolia forecasts failed.

[@OffshoreCitizen]

I think you get a better sense by spending time there than looking at metrics. Metrics rarely quantify a lot of the intangibles and tend to carry an almost intrinsic bias in them. I suspect the biggest factor going forward will be the combination of: 1. Leadership 2. Culture 3. Who they attract I tend to think who they attract will be a subset of: - Laws - Climate - Costs - Amenities We'll see though.

[@Positive_Atrributes]

China is going on the path to becoming an open prison, as is North Korea (DPRK); and restrictions on the internet are increasing in South East Asia :- Cambodia, Laos, Vietnam? / / \ \ GUATEMALA (Antigua city) has an attractive tax regime for those with foreign income, and a good enough residency option, together with a path to citizenship? / / \ \ Tunisia has a residency option for business owners and retirees! / / \ \ Turkey (ADB Airport) has massive opportunities for entrepreneurs, if they can manage the ethnic unrest in the South East of Turkey? PHILIPPINES, Mindanao, Davao city has an optimum menu of benefits for nomadic migrant workers with overseas income streams? / / \ \ Keep up the great work!

[@i1pro]

Latin American would have had a completely different history without the influence/intervention of communist Cuba, which is even more prevalent nowadays. - What do you think about Israel?

[@MichaelRosmer]

Israel is a cool place, the entrepreneurial spirit and especially start up ecosystem in Tel Aviv is insane! They've clearly done an amazing job building an oasis in the desert. That being said I'm not sure if you've been but it's crowded and buildings feel sort of worn down. They created an alternative to the terrible parking with the use of scooters but it doesn't seem to have helped with the root issue. I think they'll probably continue to do ok but do I think they'll be dramatically better in 10 years? That's not so clear to me. Right now I don't see that happening. I think they might continue to improve on the political stability with treaties etc but do I imagine myself wanting to live there anytime in the next 10 years? Can I imagine it being a highly desirable place? I'm not sure that I can. What about you?

[@danielvesco830]

What about Saudi?

[@MikaKotikoski]

China? How about their social credit control? Anyone know more about that? If it is seriously there, would be a clear turnoff as that imo is nothing short of Orwellian. They are certainly going to be a power player. Fir good? I really have my doubts. Having been dealing with them in retailing for tourists... One feels one is at war with them. Unless a group leader wants to buy from you, rest assured no one else from his/her group won't either. Very unpleasant. Naturally individuals can be really nice and polite, but as a group...

[@OffshoreCitizen]

I have mixed feelings about their social credit system. On the one hand it absolutely has an Orwellian feel. On the flip side here's a question for you. If you've got a huge group of hundreds of millions of people who have been picked up out of agricultural life who have different culture and traditions and don't know how to function in an effective modern urban world where their actions have profound ripple effects on others and reputation has a totally different effect than they are used to how do you recondition them? In other words of for example you wanted to try to change the culture of China to be more like the culture of Japan how would you do it? This is an enormous challenge and I think that's what this is an attempt at doing. The next question we can ask is aside from the obvious immediate discomfort some of us feel given how this doesn't fit with our paradigms of how we are used to living what are the consequences of this? There are of course the terrifying consequences for non compliant individuals of course. But what about the Societal consequences? How does it change how people behave broadly and how does that affect the system? I can see positive and negative consequences there.

[@narenbabu812]

I like your videos but pretty dragging in the beginning of the videos

[@beingbornwasamistake9770]

What are your thoughts on The Czech Republic??

[@OffshoreCitizen]

I like Czech they've come a long way. I think they'll be solid but I'm not persuaded they'll be dramatically better in 10 years.

[@beingbornwasamistake9770]

@@OffshoreCitizen My stance is: I know that Portugal is the easiest EU country to get citizenship as a non eu citizen, it has warm weather, great food, low cost of living compared to most eu countries, but.... I just find Czechia more appealing in terms of culture, safety, atheism is quite popular there, SJW's and Woke BS is not popular there, most people are very educated, I can experience 4 seasons, it has the lowest unemployment rates in eu, better nighlife, etc...

[@MichaelRosmer]

@@beingbornwasamistake9770 plenty to love about Czech for sure. Unfortunately, Prague has been getting super busy and real estate prices have gone nuts due to constrained supply

[@kyler565]

RUSSIA Vietnam Colombia Venezuela North Korea

[@OffshoreCitizen]

Interesting I just interviewed someone from North Korea the other day they weren't bullish. What's your reasoning on each of these?

[@kyler565]

@@OffshoreCitizen Russia is my #1 Russia has been building infrastructure to support there businesses for years they have no debt(they have gas pipelines from Europe to china) . Colombia just came out of long Civil War and I think they have less government corruption then there neighbors(the government is reinvesting) and Cost of living is one of the lowest in the world. You said what country will improve the most in 10 years potentially North Korea and Venezuela could see the biggest improvements because they are comming from the lowest point, both countries are in ruins. but it depends on the leaders. Venezuela needs to change leaders and North Korea(also with no debt) needs to open up

[@eugenmalatov5470]

Some contrarian plays

[@bertimusz4151]

Phillipines, Malaysia, Indonesia, Viet Nam. The USA is the exact opposite and ranks bottom.

[@MontenegroRealEstate]

Another relevant and interesting article. As you know, my vote is Montenegro still!

[@steveg6512]

Ukraine, not so much now....

[@cr8zystar282]

China??? Are you high???

[@uupall]

Albania

[@MichaelRosmer]

Albania has definitely improved a ton. The problem is they were improving from such a low baseline it didn't take much. The question is now that they've improved a bunch do they have what it takes to continue that momentum? What's your analysis?

[@uupall]

I am considering "such a low baseline" as an opportunity. There would be a huge scope of quick improvements in a lot of areas. Yes, they need to continue the momentum. To me, easy access to Europe based on location is a big benefit for Albania for the Agricultural sector.

[@SenorJuan2023]

June of 2023.......China is facing demographic, financial, and political crises. They will struggle. As for Ukraine, it will probably take 10 years just to get back to pre war status, depending how much financial help they get to rebuild (I'm assuming a Ukraine victory).

[@mushaahmad_nx9586]

Hmmmm.... Interestingg.. Hmmm..

[@MichaelRosmer]

Which would you choose?

[@sravankumarpendem9428]

What abt India?

[@MichaelRosmer]

What is your sense about India?

[@sravankumarpendem9428]

@@MichaelRosmer Economy and Opportunities

[@pauldby1479]

Who would want to live with social credit system in China

[@alexanderkorolov8264]

Ukraine has a very good pool talented people - very true and it's been like that for a while. But then on the other side they have lots of problems and one big problem in the East, which is called Putin's Russia. One of Russia's instruments of influence is corruption, so it's going to be hard to beat. The way things are developing now, I give Putin's regime another 5-10 years. There will be some development in Ukraine during this time, because they are very determined on breaking up with Russia, but this development isn't going to be mind-blowing.

[@MichaelRosmer]

Hmm that's an interesting viewpoint. So you see Putin undermining other countries by promoting corruption in those places?

[@alexanderkorolov8264]

@@MichaelRosmer yes, definitely. And it's not only corruption in the monetary sense, but also ideological corruption too. Watch "Putin's patriots" on Four Corners. The problem of Ukraine is that it's population although very talented is also highly individualistic (which is not surprising by western standards) . This degree of individualism makes them follow the formula "don't ask what you can do for your country, ask what the country can do for me". Which is ok in most of the world where the gravitational forces of Russia can't be felt. For Ukraine it's a problem though.

[@MichaelRosmer]

@@alexanderkorolov8264 I feel like the corruption extends well beyond Putin as evidenced by all the other places and times corruption has thrived. But he encourages it, makes it pay. Even without that though I think there's issues driving the corruption and it's in the mentality of those parts of the world. Interesting take about the individualistic vs collectivistic culture. One thing I notice is most places that have advanced the most consistently have found ways of achieving high degrees of national coordination, which would align with your case. I've got some friends who argue totalitarian leaders who can make things happen quickly win in a modern world against the decentralized countries. I'm not sure this is so true but I think one way or another coordination is required.

[@alexanderkorolov8264]

@@MichaelRosmer Yes,I agree. The corruption certainly exists in Ukraine in its own right, too. İt's a fragile balance and I won't bet on forecasts including my own :). The paradox of an individualistic character (while the corner stone of democracy) being susceptible to the totalitarian influence is interesting. I can see it but I can't fully characterise it. What I often read in comments made by Russians in Russia is the concept of the so called "balance", which is almost Buddhist. The totalitarian recklessness is perceived as a counter-force to the"good", which is necessary because one can't know what is good or bad. Or something similar to that effect. İt's nonsense from a westerner's point of view, but I come across this kind of argument way too often for it to be completely discarded.

[@paulk4534]

Typical victim mentality, everything is Putin’s fault. Ukraine has always blamed its issues on others, it’s never their fault. 7 years later with mass Russophobia propaganda being fed to the Ukrainian people and everything is still Putin’s fault. Even though they’ve thoroughly detached themselves. Another 7 years will pass and it will be the same song and dance, it’s someone else’s fault. Absurd.

[@antonio.7557]

mexico&turkey. both have much better age pyramids than the west. mexico has all the same advatages the US had over the last 100 years. and because of nafta, a lot of manufacturing will move from china to mexico

[@OffshoreCitizen]

I'm not sure I agree with the Mexico US comparison. The difference being described mostly in the political and economic institutions, corruption & nepotism in Mexico. Entirely possible it still rises and improves but I think it's got a bunch of structural disadvantages at the moment in those regards that they are unlikely to clean up. They may however benefit a lot from location independent businesses. It's interesting to compare Mexico vs China for manufacturing. The former now has lower cost of labour and is closer so would make an obvious choice but in practice you find it's less efficient. Very difficult to recreate a lot of the broad based efficiencies China has brought in

[@pnachtwey]

I think all the developed "woke" countries will decline. That includes the US, CA and EU. I have been to China a few times. The demographics are poor. You need to look at demographics, resources, polices and human capital. Finding a "best" place is hard because it is hard to define "best". Sometimes it isn't about finding best. Just finding better is good enough

[@Ashokmadlani1]

India Portugal Israel

[@MichaelRosmer]

I like these suggestions. Strong arguments for all 3. What do you think the biggest obstacles will be that each will face?

[@anthony9971]

The Ukraine comment didnt age greatly. However, could be a good investment after they kick out the Russians from the billions of aid that will pour in from the West after the war is over. Lets just hope there's not a nuclear disaster.

[@crinsb]

Ukraine has terrible demographics while UAE is a non-democracy with only 11% citizens. SE Asia seems right though.

[@OffshoreCitizen]

What Southeast Asian country would you go for?

[@crinsb]

@@OffshoreCitizen The same ones as you with possibly Malaysia as well. Philippines?

[@naifongkoh6953]

You forgot Bangladesh...young population, low base...plenty of upsides..

[@MichaelRosmer]

Yeah I'm interested in there as well as a couple others but I haven't been there so I don't want to say without visiting

[@uupall]

I am from Bangladesh 😊

[@SuperToughFish]

What other upsides? Because countries like Saharan Africa have both those qualities but are terrible countries with no positive outlook. A young population could mean a very unstable country with lots of revolutions & other social problems

[@MichaelRosmer]

@@SuperToughFish great observation. I notice when countries are early in their development a big thing is getting sufficient infrastructure, which is lacking in a lot of Africa. Then you need something you can export competitively, which increasingly means a highly educated workforce. It seems like a big gap on the infrastructure side of corruption. So dealing with corruption becomes a key element to using resources well and getting ahead fast. What do you see?

[@jamesslipsager3889]

Go where your treated best -Andrew Henderson

[@henrikjohansson4555]

the guy is a clown compared to this channel

[@vizeet]

Somehow I feel wherever China is entering, it is making things better... if this is going to be the case in the future we are yet to see... I do feel the whole belt of countries which were devastated by terrorism and western interventions are getting benefitted by Chinese interventions...

[@skyserf]

Unless you get your organs harvested for wrong think.

[@soloveich]

Ukraine will never get better. The place is cursed lol

[@MichaelRosmer]

The Romans probably said the same about Britain and Germany.

[@soloveich]

@@MichaelRosmer That was more of a joke. Though as a Russian saying goes- every joke has a little bit of joke in it. But for argument sake, it took quite a few hundred years for these places to grow into some resemblance of developed civilizations. That's with germanic type of language's capacity for organization in Germany and Britain's ethnic composition changing few times over like almost none in Europe. As for Ukraine, while being individualist myself, they are way too individualistic for now. Just over 100 years ago, during the Russian revolution, anarchist ideas were spreading like a wildfire there. And it takes more than a hundred years for a change of that sort. Only nationalistic movement managed to overcome to be later defeated by soviet forces . This time around being perfect case in point, once nationalist idea succeeded, the country descended into anarchy. Also slavic languages don't really help with establishing political order (stability). If you look at slavic countries, the more "germanized" language is- the more order there's. Very good for developing creative talent pool, though.

[@MichaelRosmer]

@@soloveich hmm that's interesting. I've been curious about the impact of language on thinking but an not knowledgable enough about the different languages to make observations like that. What in the languages do you see that way? I'm thinking if I can anecdotally draw any patterns. Romanian is about 80% Italian but there's a bunch of cultural similarities to Bulgaria and Bulgarian is more similar to Russian. Slovenia is more orderly but if course it's part of ex-yugoslavia (some differences between Slovenian and Serbo-Croatian but still...) Hungarian, Estonian and Finnish are all fairly similar languages though pretty different places culturally, which is maybe most visible by comparing Finland to Hungary. Georgian is of course its own thing. Czech Republic might be the most German of the former Soviet countries not sure so much about their language.

[@soloveich]

@@MichaelRosmer language is basically a framework based on which minds work. If there's a fixed set of a few clear rules, it makes the mind work in the same order fashion. If there's 100 ways of saying the same thing and a ton of exceptions (like in Russian)- people don't pay that much attention to rules. But obviously, language is only a part of it. There are other interesting correlations with cultural influences. For example, religion. Protestant countries seem to do better than Catholic, and Catholic countries seem to do better than orthodox.

[@MichaelRosmer]

@@soloveich yeah it's fascinating. I'm wary of correlations as being confused with causation but it's interesting to think of the consequences of culture, language etc at scale