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Switzerland among the top in the 2008 |
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The 2008 Economic Freedom of the World (EFW) index, which measures the degree, to which the policies
and institutions of countries are supportive of economic freedom, ranks Switzerland within the top. |
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Among 141 countries, it places 4th mainly due to its superior legal structure and security of property
rights as well as its sound currency. Hong Kong, Singapore, and New Zealand rank in the first three
positions respectively. The index is annually published by the Canadian research organization Fraser Institute. «Economic freedom is one of the key building blocks of the most prosperous nations around the world», says Fred McMahon, Fraser Institute director of trade and globalization studies. Additionally, the EFW report points out that those, living in countries with high levels of economic freedom, enjoy greater individual freedoms in addition to longer life spans. Ranking 141 countries throughout the world, the 2008 EFW index measures economic freedom by five criteria: 1) size of government 2) legal structure and security of property rights 3) access to sound money 4) freedom to trade internationally 5) regulation of credit, labor, and business Country rankings |
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