01/09/2004: Arcanum
Invisible Hand Saves Baby
from Heritage Foundation
World's economies, ranked by degree of economic freedom by Heritage Foundation and the Wall Street Journal:
FREE:
1. Hong Kong
2. Singapore
3. New Zealand
10. United States
NOT FREE
155. North Korea
See the complete list in "More". I wonder if there is a direct, 1-1 correlation here between per capita GDP and degree of freedom in the market.
More
January 9, 2004 Friday 4:00 AM Eastern TimeSECTION: FINANCIAL NEWS
DISTRIBUTION: Asia; England; Europe; Britian; Scandinavia; Middle East; Africa
LENGTH: 406 words
HEADLINE: Freedom ranking of world's economies
DATELINE: HONG KONG
BODY:
World's economies, ranked by degree of economic freedom by Heritage
Foundation and the Wall Street Journal:
FREE:
1. Hong Kong
2. Singapore
3. New Zealand
4. Luxembourg
5. Ireland
6. Estonia
7. Britain
8. Denmark
9. Switzerland
10. United States
11. Australia
12. Sweden
13. Chile
14. Cyprus (tied)
14. Finland (tied)
16. Canada
MOSTLY FREE:
17. Iceland
18. Germany
19. The Netherlands
20. Austria
20. Bahrain
22. Belgium
22. Lithuania
24. El Salvador
25. Bahamas
26. Italy
27. Spain
28. Norway
29. Israel
29. Latvia
31. Portugal
32. Czech Republic
33. Barbados
34. Taiwan
35. Slovak Republic
36. Trinidad and Tobago
37. Malta
38. Japan
39. Botswana
39. Uruguay
41. Bolivia
42. Hungary
42. United Arab Emirates
44. Armenia
44. France
46. Belize
46. South Korea
48. Kuwait
48. Uganda
50. Costa Rica
51. Jordan
52. Slovenia
53. South Africa
54. Greece
54. Oman
56. Jamaica
56. Poland
58. Panama
58. Peru
60. Cape Verde
60. Qatar
60. Thailand
63. Cambodia
63. Mongolia
63. Mexico
66. Morocco
67. Mauritania
67. Nicaragua
67. Tunisia
70. Namibia
71. Mauritius
MOSTLY UNFREE<:
72. Senegal
73. Macedonia
74. Philippines
74. Saudi Arabia
76. Fiji
76. Sri Lanka
78. Bulgaria
79. Moldova
80. Albania
80. Brazil
82. Croatia
83. Colombia
83. Guyana
83. Lebanon
86. Madagascar
87. Guatemala
87. Malaysia
89. Ivory Coast
89. Swaziland
91. Georgia
92. Djibouti
93. Guinea
94. Kenya
95. Burkina Faso
95. Egypt
95. Mozambique
98. Tanzania
99. Bosnia/Herzegovina
100. Algeria
101. Ethiopia
102. Mali
103. Kyrgyzstan
103. Rwanda
105. Central African Republic
106. Azerbaijan
106. Paraguay
106. Turkey
109. Ghana
109. Pakistan
111. Gabon
111. Niger
113. Benin
114. Malawi
114. Russia
116. Argentina
117. Ukraine
118. Lesotho
118. Zambia
120. Dominican Republic
121. Honduras
121. India
121. Nepal
124. Chad
124. Gambia
126. Ecuador
127. Cameroon
128. China
129. Romania
130. Equatorial Guinea
131. Bangladesh
131. Kazakhstan
131. Yemen
134. Sierra Leone
134. Togo
136. Indonesia
137. Haiti
138. Syria
139. Congo, Republic of
139. Guinea-Bissau
141. Vietnam
142. Nigeria
143. Suriname
REPRESSED:
144. Cuba
145. Belarus
146. Tajikistan
147. Venezuela
148. Iran
149. Uzbekistan
150. Turkmenistan
151. Burma
151. Laos
153. Zimbabwe
154. Libya
155. North Korea
Source: The Heritage Foundation
2 Annotations Submitted
Friday the 9th of January, Spirit of Santo26 noted:
Why is Nauru not on that list?
Saturday the 10th of January, IBNR noted:
I would say a one to one relationship is not reality. I did a spot check in the CIA world fact book and out of the top three you have listed the US actually has the highest GDP per CAP at 37.6K but they are listed at 10. Caution should be exercised when interpreting these types of lists as GDP calcs can be very subjective depending on who is adding up the beans. I found many sources that stated that Norway has the best GDP per CAP but could not confirm that with the numbers I was able to find.
On a side note the GDP per CAP for Nauru estimated 2001 is $5K (CIA)