Saturday, June 15, 2024
Hawai'i Free Press

Current Articles | Archives

Friday, September 18, 2015
Economic Freedom of the World: US Ranks 16th
By NCPA @ 6:28 PM :: 4517 Views :: National News

Economic Freedom of the World: 2015 Annual Report

NCPA September 18, 2015

The Fraser Institutes Annual report measures the degree of economic freedom in various countries around the world. The key principles of economic freedom are defined as personal choice, voluntary exchange, freedom to enter markets and compete, security of the person and privately owned property. Using 42 data points, economic freedom was measured in 157 countries and territories:

  • size of government: expenses, taxes and enterprises
  • legal structure and security of property rights
  • access to sound money
  • freedom to trade internationally
  • regulation of credit, labor and business

Economically free nations out-perform non-free nations, and both political and civil liberties are considerably higher in economically free nations. Additionally the life expectancy of citizens of countries in the top quartile was 17 years longer than those in the bottom quartile.

  • Hong Kong and Singapore were the top two countries for economic freedom.
  • The United Kingdom was 10th; The United States was 16th; and Russia was 99th.
  • The 10 lowest-rated economically free countries were Angola, Central African Republic, Zimbabwe, Algeria, Argentina, Syria, Chad, Libya, the Republic of Congo, and Venezuela.

The United States score in economic freedom has decreased since its 2000 rating, which researcher predict could cut the U.S. growth rate by 1.5 percent. The specific areas of decline for the United States were in international trade, regulation, legal system and protection of property rights.

Source: James Gwartney, Robert Lawson and Joshua Hall, " Economic Freedom of the World: 2015 Annual Report," Fraser Institute, 2015.



TEXT "follow HawaiiFreePress" to 40404

Register to Vote


Aloha Pregnancy Care Center


Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii


Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together


Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii


OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii