Monday, January 30, 2012

Global Index of Economic Freedom - Hong Kong at the top

The Heritage Foundation has published an “Index of Economic Freedom,” which rates conditions in 179 countries. Each rated country in the Index is given a score.

The countries with the most economic freedom are:

1. Hong Kong with a score of 89.9,
2. Singapore with a score of 87.5
3. Australia with a score of 83.1

The lowest ranked country communist North Korea has a score of one.

The ratings cover four areas: (1) Rule of law as measured in property rights and freedom from corruption; (2) Limited Government as measured by government spending and fiscal freedom; (3) Regulatory Efficiency as measured by business freedom, labor freedom and monetary freedom; (4) Open Markets as measured by trade freedom, investment freedom and financial freedom.

The complete list can be viewed at the Heritage Foundation’s 2012 Index of Economic Freedom site.

Geir Solem
Copyright (C) 2012 all rights reserved

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