Index of Economic Freedom
The purpose of the Index of Economic Freedom is to track economic freedom around the world. The Index is created by The Wall Street Journal and The Heritage Foundation.[1]
Workings
The index measures economic freedom via ten components, assigning a grade in each using a scale from 0 to 100, where 100 represents the maximum freedom. The ten component scores are then averaged to give an overall economic freedom score for each country. The ten components of economic freedom are:[1]
- Business Freedom
- Trade Freedom
- Fiscal Freedom
- Government Spending
- Monetary Freedom
- Investment Freedom
- Financial Freedom
- Property Rights
- Freedom from Corruption
- Labor Freedom
References
- ↑ 1.0 1.1 The Heritage Foundation. "Index of Economic Freedom", referenced 2011-06-2011.
Links
- The Failings of the Economic Freedom Index by Stefan Karlsson, January 2005
- Economic Freedom Indexes: Fraser vs. Heritage by Stefan Karlsson, March 2005
- Freedom in the 50 States - Index of Personal and Economic Freedom
- Index of Economic Freedom at Wikipedia