2010 Index of Economic Freedom
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Jan 20, 2010
Some highlights (lowlights?) from the 2010 Index of Economic Freedom, a joint project of The Heritage Foundation and The Wall Street Journal. As the title makes clear the index "analyzes just how economically 'free' a country is":
- Four Asia–Pacific economies continue to lead the world in economic freedom.
- Every region continues to maintain at least one of the top 20 freest economies
- The positive relationship between economic freedom and prosperity is confirmed yet again
- The index provides strong evidence that economic freedom improves the overall quality of life, promotes political and social progress, and supports environmental protection.
- Countries diverged sharply in their response to the global crisis: Many continued to promote economic freedom; others did not.
- As a result of increasing government interference in economic activity in many countries, overall progress toward greater economic freedom has been interrupted.
- This year America saw a steep and significant decline, enough to make it drop altogether from the "free" category for the first time in the 16 years of the index. The United States dropped to "mostly free."