In this year’s index, Hong Kong retains the highest rating for economic freedom,
8.90 out of 10. The other top 10 nations are: Singapore, 8.69; New Zealand, 8.36;
Switzerland, 8.24; Australia, 7.97; Canada, 7.97; Bahrain, 7.94; Mauritius, 7.90;
Finland, 7.88; and Chile, 7.84.
Kingdom, 12th (7.75); the United States, 18th (7.69); Japan, 20th (7.64); Germany,
31st (7.52); France, 47th (7.32); Italy, 83rd (6.77); Mexico, 91st, (6.66); Russia, 95th
(6.56); Brazil, 105th (6.37); China, 107th (6.35); and India, 111th (6.26).
The scores of the bottom ten nations in this year’s index are: Venezuela, 4.07;
Myanmar, 4.29; Zimbabwe, 4.35; Republic of the Congo, 4.86; Angola, 5.12;
Democratic Republic of the Congo, 5.18; Guinea-Bissau, 5.23; Algeria, 5.34; Chad,
5.41; and, tied for 10th worst, Mozambique and Burundi, 5.45.
The United States, long considered the standard bearer for economic freedom
among large industrial nations, has experienced a substantial decline in economic
freedom during the past decade. From 1980 to 2000, the United States was generally
rated the third freest economy in the world, ranking behind only Hong Kong and
Singapore. After increasing steadily during the period from 1980 to 2000, the chain-
linked EFW rating of the United States fell from 8.65 in 2000 to 8.21 in 2005 and
7.70 in 2010. The chain-linked ranking of the United States has fallen precipitously from second in 2000 to eighth in 2005 and 19th in 2010 (unadjusted ranking of 18th).
Tuesday, September 18, 2012
5 of the top 6 spots on the Fraser Institute Freedom Index are Commonwealth or former Commonwealth countries. 50% of the top 6 are constitutional Monarchies with HM the Queen as Head of State. The United Kingdom is 12th. It is ever more an amazing idea to turn the Commonwealth into a massive free trade zone with the senior realms as its core. The US has slipped badly to 18th. It will continue to be less free with Bo as president. I pray that Mitt Romney and Paul Ryan will replace the statist democrat thugs.
Posted by Roy Eappen at 5:16 AM