bounty44
Posts: 6374
Joined: 11/1/2014 Status: offline
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"About The Index" quote:
For much of human history, most individuals have lacked economic freedom and opportunity, condemning them to poverty and deprivation. Today, we live in the most prosperous time in human history. Poverty, sicknesses, and ignorance are receding throughout the world, due in large part to the advance of economic freedom. In 2017, the principles of economic freedom that have fueled this monumental progress are once again measured in the Index of Economic Freedom, an annual guide published by The Heritage Foundation, Washington's No. 1 think tank. For over twenty years the Index has delivered thoughtful analysis in a clear, friendly, and straight-forward format. With new resources for users and a website tailored for research and education, the Index of Economic Freedom is poised to help readers track over two decades of the advancement in economic freedom, prosperity, and opportunity and promote these ideas in their homes, schools, and communities. The Index covers 12 freedoms – from property rights to financial freedom – in 186 countries... Q.2. What are the benefits of economic freedom? Economic freedom brings greater prosperity. The Index of Economic Freedom documents the positive relationship between economic freedom and a variety of positive social and economic goals. The ideals of economic freedom are strongly associated with healthier societies, cleaner environments, greater per capita wealth, human development, democracy, and poverty elimination... Q.3. How do you measure economic freedom? We measure economic freedom based on 12 quantitative and qualitative factors, grouped into four broad categories, or pillars, of economic freedom: 1.Rule of Law (property rights, government integrity, judicial effectiveness) 2.Government Size (government spending, tax burden, fiscal health) 3.Regulatory Efficiency (business freedom, labor freedom, monetary freedom) 4.Open Markets (trade freedom, investment freedom, financial freedom)... Each of the twelve economic freedoms within these categories is graded on a scale of 0 to 100. A country’s overall score is derived by averaging these twelve economic freedoms, with equal weight being given to each. More information on the grading and methodology can be found in the appendix. Q.6. Can I access the data online? The Index of Economic Freedom can be easily explored using a variety of tools on our interactive website, including: •Country Rankings: See where your country ranks in the Index and compared to its peers, and keep up with political and economic developments on each country’s page. http://www.heritage.org/index/about
< Message edited by bounty44 -- 4/24/2017 6:19:16 PM >
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