The world is full of unique and diverse cultures, spread out across various countries. But not all of these countries have developed in equal proportion. The United Nations tracks all countries of the world, follows the development of each and places them into four distinct categories. Take a look at the chart below to see the distribution of development across the world.
The most striking revelation is the distribution of developed countries. The overwhelming majority of developed countries are Western nations; the United States, Canada, Western and Northern Europe, Australia and New Zealand. The only two exceptions to this trend are Japan and Israel, both of which are considered developed countries by the United Nations. Both Japan and Israel have benefitted from close economic and political ties with the United States, the largest economy in the world.
Canyon Distressed Opportunity Fund likes the backdrop for credit
The Canyon Distressed Opportunity Fund III held its final closing on Jan. 1 with total commitments of $1.46 billion, calling half of its capital commitments so far. Canyon has about $26 billion in assets under management now. Q4 2020 hedge fund letters, conferences and more Positive backdrop for credit funds In their fourth-quarter letter to Read More