Cato Releases Tenth Annual Ranking of Economic Freedom

Por Venezuela Real - 11 de Septiembre, 2006, 9:27, Categoría: Economía

Cato Institute
7 de Septiembre de 2006

Economic freedom has a greater impact than foreign aid in helping people in poor nations escape poverty, according to the Economic Freedom of the World: 2006 Annual Report, released today by the Cato Institute in conjunction with the Fraser Institute of Canada. In new research published in this year's report, economist William Easterly of New York University finds that foreign aid has no positive impact on economic growth in the poorest nations, and that economic freedom has a positive impact on prosperity and helping lift nations out of poverty.

In this year's index, Hong Kong retains the highest rating for economic freedom, 8.7 out of 10, followed by Singapore at 8.5. New Zealand, Switzerland, and the United States tied for third with ratings of 8.2. The United Kingdom and Ireland are tied for the 6th place, Canada ranks 8th, and Iceland and Luxembourg are tied for 9th place. Chile, ranked in 20th place, has the freest economy in Latin America, and Botswana, ranked in 35th place, has Africa's freest economy.

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