Tuesday, January 15, 2008

Heritage/WSJ 2008 Index of Economic Freedom: More Economic Freedom = Higher GDP Per Capita

The Top 10 Most Economically Free Countries in the World:

The Top 10 Least Economically Free Countries in the World:

The bottom line about Economic Freedom:

In other words:

Read more here.

2 Comments:

At 1/16/2008 6:20 AM, Blogger juandos said...

Hmmm, read about this on the alway questionable AP...

Survey: Asia Has World's Freest Economy

HONG KONG - Asia is home to the world's freest _ and most repressed _ economies, but Europe ranked highest as a region in terms of economic freedom, an annual report released Tuesday by the Heritage Foundation and Wall Street Journal said.

While the world as a whole made little progress toward greater economic freedom, there were some surprising improvements by countries such as Mauritius and Mongolia, the survey found.

Hong Kong and Singapore retained their No. 1 and No. 2 rankings respectively on the annual Index of Economic Freedom for the 14th successive year. Both port cities benefit from low taxes and liberalized trade. Hong Kong, however, saw its score dip slightly due to higher inflation and greater tax revenues. (there is more)

Is this the case because At 39 percent, the U.S. combined statutory corporate tax rate is reported to be 8 percentage points higher than the OECD average. More recent data collected by the OECD show that the OECD average corporate tax rate has fallen to 28.4 percent in 2006, almost 11 percentage points below the U.S. tax rate. This gap continues to widen. Legislation has been enacted further reducing corporate tax rates in Germany (from 38.9 percent to 29.8 percent), the United Kingdom (from 30 percent to 28 percent), and Denmark (from 28 percent to 25 percent).

 
At 1/17/2008 1:25 PM, Blogger jimcaserta said...

I looked at the 2007 index, and it was intereseting to see what aspects of 'freedom' correlated most strongly with GDP. #1 was freedom from corruption.

 

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