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बेसिक इंग्लिश का दूसरा सत्र (कक्षा प्रारंभ : 22 अक्तूबर, शाम 3:30 से 5:30)
World Economic Freedom Index 2016
Sep 27, 2016

The Economic Freedom of the World: 2016 Annual Report was released worldwide recently by the Centre for Civil Society, a public policy think tank, along with Canada’s Fraser Institute.

Key Features

  • In neighbouring countries, India has slipped 10 positions and ranks behind Bhutan (78), Nepal (108) and Sri Lanka (111).
  • In neighbouring countries, India stood higher than China (113), Bangladesh (121) and Pakistan (133).
  • Hong Kong topped the index, followed by Singapore and New Zealand among 159 countries.
  • India has fared badly in all categories—legal system and property rights (86), sound money (130), freedom to trade internationally (144) and regulation (132) except the size of the government.
  • The top-10 countries are: Hong Kong, Singapore, New Zealand, Switzerland, Canada, Georgia, Ireland, Mauritius, UAE  and Australia.
  • The 10 lowest-ranked countries are—Iran, Algeria, Chad, Guinea, Angola, Central African Republic, Argentina, Republic of Congo, Libya and Venezuela.
  • Other notable countries include the United States (16), Germany (30), Japan (40), France (57) and Russia (102).
  • In the top quartile, the average income of the poorest 10 per cent was $11,283, compared with $1,080 in the bottom quartile in 2014.
  • The average income of the poorest 10 per cent in the most economically free nations was twice the average per capita income in the least free nations.
  • Life expectancy was 80.4 years in the top quartile compared with 64 years in the bottom quartile, while political and civil liberties were also considerably higher in economically free nations.

Five broad areas were selected to measures the degree of economic freedom in countries based on 2014 data: 1. Size of government: expenditure, taxes and enterprises; 2. Legal structure and security of property rights; 3. Access to sound money; 4. Freedom to trade internationally; 5. Regulation of credit, labour, and business.

The economic freedom index of a country is directly proportional to the freedom and opportunities available to its citizens. People living in countries with high levels of economic freedom enjoy greater prosperity, more political and civil liberties, and longer lives. On the contrary, countries at the lower levels of freedom index tend to suppress its citizens’ freedom and rights.


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