economic freedom of the world: 2015 report robert lawson jerome m. fullinwider endowed centennial...

Economic Freedom of the World: 2015 Report

Robert LawsonJerome M. Fullinwider Endowed Centennial Chair in Economic FreedomDirector, O’Neil Center for Global Markets and Freedom

Methodology

• 144 countries.• 42 variables grouped into 5 areas.• Time Series: 1970, 75, 80, 85, 90, 95, and 2000-2010.• 0-10 rating scale with 10 indicating more economic

freedom.• Data-driven index .

– World Bank– IMF– World Economic Forum– WTO

• Transparency throughout.

Hong Kong

Singap

ore

New Z

ealan

d

Switzerl

and

U.A.E

.

Mau

ritiu

s

Jord

an

Irelan

d

Canad

a

United K

ingdom …

United S

tates

(16th

)

Japan

(26th

)3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

8.978.52

8.19 8.16 8.15 8.08 7.93 7.90 7.89 7.87 7.73 7.52

Chart Title

Source: EFW 2015, Exhibit 1.2.

Economic Freedom Ratings, 2013Top Nations plus U.K., U.S., Japan

Hong Kong

United S

tates

(in 2

000)

Singap

ore

New Z

ealan

d

Switzerl

and

U.A.E

.

Mau

ritiu

s

Jord

an

Irelan

d

Canad

a

United K

ingdom …

United S

tates

(16th

)

Japan

(26th

)3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

8.978.65 8.52

8.19 8.16 8.15 8.08 7.93 7.90 7.89 7.87 7.73 7.52

Chart Title

Source: EFW 2015, Exhibit 1.2 & Country Tables

Economic Freedom Ratings, 2013Top Nations plus U.K., U.S., Japan

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

7.737.50

7.13 7.12 6.92 6.87 6.696.44 6.43 6.34

3.23

Chart Title

Source: EFW 2015, Exhibit 1.2.

Economic Freedom Ratings, 2013Select Nations

“What counts is results, and there can be no doubt that the Soviet planning system has been a powerful engine for economic growth. But it has done so in an atmosphere of great human sacrifice…” Samuelson & Nordhaus. 1989.

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