This research aims to quantify the gap between actual global governance and the theoretical maximum welfare achievable.
Analyzed global governance structures
Estimated efficiency scores using theoretical models
Calculated opportunity costs based on governance inefficiencies
Identified an efficiency score ranging from 30-52%
Estimated annual opportunity costs at $101 trillion
Highlighted significant improvements needed in global governance
Abstract
Quantifying the gap between current global governance and theoretical maximum welfare, estimating a 30-52% efficiency score and 101 trillion in annual opportunity costs.