Company Sentences complete Index of Economic Freedom In this world. A report published in Global economic freedom Measures the extent to which countries’ policies and institutions support economic freedom.
The cornerstones of economic freedom are individual choice, voluntary exchange, the freedom to enter and compete in markets, and the protection of individual and private property. 42 items were used to create a composite index, adjusted for gender rights, to measure the extent to which women have the same degree of economic independence as men.
The degree of economic freedom is measured in five main areas: Size of government, legal system and property rights, money, freedom and regulation of international trade.
State size: Increases in government spending, taxes and state-controlled enterprises are taken into account. Individual choices are replaced by state decisions and economic freedom is restricted.
Legal system and property rights: The protection of people and their legally acquired property is central to both economic freedom and civil society. In fact, it is the most important function of government.
Silver: Inflation reduces the value of legally earned wages and savings. Money is therefore essential to protect property rights. When inflation is not only high but also volatile, it becomes difficult for people to plan ahead and effectively exercise their economic freedom.
Freedom of international trade: Freedom of exchange, in its broadest sense, to buy, sell, conclude contracts, etc. is essential for economic freedom, freedom of trade is reduced when it does not include businesses and individuals in other countries.
Regulation: Governments not only use many tools to limit the right to trade internationally, but they can also impose severe restrictions that limit the right to trade, borrow, hire or employ whomever you want, or manage your business freely.
Economic freedom in the world in 2020
Hong Kong remains number oneAlthough his rating still fell by 0.28 points. Singapore, still in second place. Here are the top rated countries Switzerland, New Zealand, Denmark, Australia, United States, Estonia, Mauritius and Ireland.
In terms of countries in the region, two of the top 10 countries in the ranking are: Argentina ranks 161st out of 165 Yes Latest Venezuela (165). Last laid on the table Democratic Republic of Congo, Algeria, Republic of Congo, Iran, Libya, Syria, Zimbabwe and Sudan.
The ranking of some other important countries is as follows: Japan (12th), Canada (14th), Germany (25th), Italy (44th), France (54th), Mexico (64th), India (89th), Russia (94th) , Brazil (114th). ), China (116)
as South American countriesIt is in excellent condition Chili, which is ranked 33rd in the world. Others in the area Peru (37) and the third Uruguay (68) They continue Paraguay (78), Colombia (99), Ecuador (106), Brazil (114), Bolivia (123), Argentina (161) and Venezuela (165) Meanwhile, for Central America, Nicaragua He is in 82nd place.
Finally I Asia Many countries are the best in the ranking. Top of the list hong kong; Further away Singapore (second), New Zealand (fourth) and Australia (Sixth).
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