{"id":16984,"date":"2012-09-18T12:19:03","date_gmt":"2012-09-18T17:19:03","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=16984"},"modified":"2012-09-18T12:19:03","modified_gmt":"2012-09-18T17:19:03","slug":"canada-ranks-fifth-in-the-world-for-economic-freedom","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2012\/09\/18\/canada-ranks-fifth-in-the-world-for-economic-freedom\/","title":{"rendered":"Canada ranks fifth in the world for economic freedom"},"content":{"rendered":"<p>The annual <a href=\"http:\/\/www.freetheworld.com\/release.html\" target=\"_blank\">Fraser Institute report<\/a> on world economic freedom may confirm what a lot of Canadians have been noticing: we&#8217;re now much more free than our American friends, at least by the <a href=\"http:\/\/www.freetheworld.com\/2012\/EFW2012-exsum.pdf\" target=\"_blank\">measurements tracked in this series of rankings (PDF)<\/a>:<\/p>\n<blockquote>\n<ul>\n<li>In the chain-linked index, average economic freedom rose from 5.30 (out of 10) in<br \/>\n1980 to 6.88 in 2007. It then fell for two consecutive years, resulting in a score of<br \/>\n6.79 in 2009 but has risen slightly to 6.83 in 2010, the most recent year available.<br \/>\nIt appears that responses to the economic crisis have reduced economic freedom<br \/>\nin the short term and perhaps prosperity over the long term, but the upward<br \/>\nmovement this year is encouraging.<\/li>\n<li>In this year\u2019s index, Hong Kong retains the highest rating for economic freedom,<br \/>\n8.90 out of 10. The other top 10 nations are: Singapore, 8.69; New Zealand, 8.36;<br \/>\nSwitzerland, 8.24; Australia, 7.97; Canada, 7.97; Bahrain, 7.94; Mauritius, 7.90;<br \/>\nFinland, 7.88; and Chile, 7.84.<\/li>\n<li>The rankings (and scores) of other large economies in this year\u2019s index are the United<br \/>\nKingdom, 12th (7.75); the United States, 18th (7.69); Japan, 20th (7.64); Germany,<br \/>\n31st (7.52); France, 47th (7.32); Italy, 83rd (6.77); Mexico, 91st, (6.66); Russia, 95th<br \/>\n(6.56); Brazil, 105th (6.37); China, 107th (6.35); and India, 111th (6.26).<\/li>\n<li>The scores of the bottom ten nations in this year\u2019s index are: Venezuela, 4.07;<br \/>\nMyanmar, 4.29; Zimbabwe, 4.35; Republic of the Congo, 4.86; Angola, 5.12;<br \/>\nDemocratic Republic of the Congo, 5.18; Guinea-Bissau, 5.23; Algeria, 5.34; Chad,<br \/>\n5.41; and, tied for 10th worst, Mozambique and Burundi, 5.45.<\/li>\n<li>The United States, long considered the standard bearer for economic freedom<br \/>\namong large industrial nations, has experienced a substantial decline in economic<br \/>\nfreedom during the past decade. From 1980 to 2000, the United States was generally<br \/>\nrated the third freest economy in the world, ranking behind only Hong Kong and<br \/>\nSingapore. After increasing steadily during the period from 1980 to 2000, the chainlinked<br \/>\nEFW rating of the United States fell from 8.65 in 2000 to 8.21 in 2005 and<br \/>\n7.70 in 2010. The chain-linked ranking of the United States has fallen precipitously<br \/>\nfrom second in 2000 to eighth in 2005 and 19th in 2010 (unadjusted ranking of 18th).<\/li>\n<\/ul>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The annual Fraser Institute report on world economic freedom may confirm what a lot of Canadians have been noticing: we&#8217;re now much more free than our American friends, at least by the measurements tracked in this series of rankings (PDF): In the chain-linked index, average economic freedom rose from 5.30 (out of 10) in 1980 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[331,6,25,10,13],"tags":[320,301,661,655,290,528],"class_list":["post-16984","post","type-post","status-publish","format-standard","hentry","category-australia","category-cancon","category-economics","category-liberty","category-usa","tag-freetrade","tag-newzealand","tag-regulation","tag-singapore","tag-statistics","tag-switzerland"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-4pW","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/16984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=16984"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/16984\/revisions"}],"predecessor-version":[{"id":16985,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/16984\/revisions\/16985"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=16984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=16984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=16984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}