O’Neil Center Professor Documents Decline in Economic Freedom

O’Neil Center Professor Documents Decline in Economic Freedom

hi my refer is Robert Lawson I’m the drum and full and wider chair in the O’Neill center for global markets and impunity in the smu cox school of business i want to talk about the fiscal freedom of the world index my co-authors and I have been working on this index since 1997 we charge how free market a country is we have a hundred and forty-one countries rated and “were having” data back to nineteen seventy this year’s report plasters its first year 2009 to do well on the index you need to keep your country’s taxes low your regulations moderate your property rights procure your coin seem and most importantly you need to let parties sell freely with themselves in their own country and parties in other countries the large-scale word this year is that financial naturalnes the United Mood continues to fall for the last decade the United District rating has been falling on our 0 to 10 scale the u.s. rating is Valen by about a full point this is big this is a big change in fact for the first time ever Canada frequencies greater than the United Government and it’s not just the United Country the global median is falling two in the last two years the global average is falling and after rising for the last twenty twenty or thirty years this is really important because all of the research that we have done and others have done tells us one thing economic naturalnes genuinely materials if you have more economic sovereignty your country will be richer will grow faster people will live longer they’ll be happier and on and on for more information about the economic freedom of the world report please visit the O’Neill Center’s website at O’Neill center org you

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