Many countries also do a lousy job in enforcing contracts and property rights, notes the report.
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And as Felix Salmon has pointed out, the international press has done a lousy job covering it.
Gretchen Morgenson complains that Fannie Mae and Freddie Mac did a lousy job of pricing mortgage risk.
Putting the girl's parents' names in court documents ... her attorneys have done a lousy job protecting her confidentiality.
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Business schools seem to do a great job of teaching people how to be managers, but a lousy job of teaching people how to lead and inspire people.
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Sometimes managements can really do a lousy job of communicating.
They do a lousy job of teaching American geography, apparently.
It is not so much that America is ungovernable, as that Mr Obama has done a lousy job of winning over Republicans and independents to the causes he favours.
It found rampant errors on credit reports from the three big credit bureaus (Equifax, Experian and TransUnion), but noted that the bureaus often do a lousy job correcting errors after consumers contact them.
In any event, Elizabeth Warren has made a pretty powerful case that the private sector has also done a lousy job of pricing mortgage risk. (Go to this video and check it out around 1:42).
Goldman, you see, had done such a lousy job at his previous employer, Cantor Fitzgerald , that he was not only fired for losing scads of money but his firm was actually sanctioned by regulators for not doing a good job of supervising him.
The new Woody Allen film stars Larry David as Boris Yellnikoff, an irate New Yorker who once had a beautiful wife and a serious reputation as a physicist. (Or so he tells us, talking straight to the camera.) Now he has a lousy apartment, no job unless you count chess tutoring and nobody to share his life except for a few cronies.
Valentine maintains he did a respectable job in Boston under lousy circumstances, but it never felt like a fit.
If this really turns out to be how Mr Blair's government conducts itself, Mr Routledge will have done a great job for the voters, and a lousy one for Mr Brown.
This will give him the right to block nominees with no evident talents for a commissioner's job, and to demote lousy ones once in office. (Next year's constitutional conference might give him the power to sack them outright.) But governments could respond bitterly all the same if the commissioner involved is theirs.
The lousy job figures have cleaned the clocks of the equity market and been a boon to the bond market, driving rates down below 3% on the 10 year note and driving up bond prices.
"I was struggling for a business idea but hadn't thought of going on-line until I saw the lousy job these guys were doing, " he says.
If they cannot afford to study abroad, they get lousy tuition at a Greek university and, unless their family can pull strings, few chances of a good job.
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