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11 April 2013

2013 Index of Economic Freedom

Not yet mentioned on this blog, another convenient international comparison of how regulations can impact economic achievement: the Index of Economic Freedom, calculated and published since 1995 by The Wall Street Journal and The Heritage Foundation, an American think tank. The 10 benchmarks used to gauge the economic success of 185 countries around the world are well supported in economic and political economy theory (primarily by A. Smith), and are illustrated by country case studies. The definition of economic freedom itself is not without interest: the 10 economic freedoms are grouped into four broad categories or pillars of economic freedom:
Each of these four pillars provide useful indications as they are, like the indicators used in the World Bank Doing Business ranking, dedicated to measuring the economic impact of a prudent use of regulation.

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