Economic Freedom of the World

Fraser Institute News Release: Hong Kong drops from #1 rank for the first time in history; Singapore takes top spot

Retrieved on: 
Tuesday, September 19, 2023
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The report measures the economic freedom of individuals—their ability to make their own economic decisions—by analyzing the policies and institutions of 165 jurisdictions.

Key Points: 
  • The report measures the economic freedom of individuals—their ability to make their own economic decisions—by analyzing the policies and institutions of 165 jurisdictions.
  • The policies examined include regulation, freedom to trade internationally, size of government, legal system and property rights, and sound monetary policy.
  • According to this year’s report, Hong Kong—for the first time in the history of this report—slipped from the top position.
  • Hong Kong's prosperity will likely suffer as a result,” said Matthew Mitchell, senior fellow at the Fraser Institute.

Fraser Institute News Release: Canada trails U.S. in annual economic freedom ranking; Hong Kong falls out of the top spot in economic freedom for the first time

Retrieved on: 
Tuesday, September 19, 2023
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“This should be worrying to all Canadians as lower levels of economic freedom leads to slower economic growth and less investment,” McMahon added.

Key Points: 
  • “This should be worrying to all Canadians as lower levels of economic freedom leads to slower economic growth and less investment,” McMahon added.
  • “Hong Kong’s recent turn is an example of how economic freedom is intimately connected with civil and political freedom.
  • Hong Kong's prosperity will suffer as a result,” said Matthew Mitchell, senior fellow in the Centre for Economic Freedom at the Fraser Institute.
  • The Fraser Institute produces the annual Economic Freedom of the World report in cooperation with the Economic Freedom Network, a group of independent research and educational institutes in nearly 100 countries and territories.

Fraser Institute News Release: Populist regimes erode economic freedom, research shows

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Tuesday, August 15, 2023
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This is the conclusion of new research in this year’s upcoming Economic Freedom of the World report, published annually by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

Key Points: 
  • This is the conclusion of new research in this year’s upcoming Economic Freedom of the World report, published annually by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
  • And while it has long dominated politics in certain parts of the world, such as Latin America, populism has now spread to much of the globe,” said Fred McMahon, Dr. Michael A. Walker Research Chair in Economic Freedom at the Fraser Institute.
  • The new study, Populism, Majority Rule, and Economic Freedom , to be published in this year’s upcoming Economic Freedom of the World report, investigates the relationship between populism and economic freedom—the ability of individuals to make their own economic decisions.
  • “Human flourishing depends on secure property rights, a robust rule of law, and institutional rules that protect economic freedom for all,” said Matthew Mitchell, Fraser Institute Senior Fellow.

Canada remains outside top 10 countries in annual economic freedom report

Retrieved on: 
Thursday, September 8, 2022
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TORONTO, Sept. 08, 2022 (GLOBE NEWSWIRE) -- In the Fraser Institutes annual Economic Freedom of the World report, Canada remains outside the top 10 most economically-free countries in the world.

Key Points: 
  • TORONTO, Sept. 08, 2022 (GLOBE NEWSWIRE) -- In the Fraser Institutes annual Economic Freedom of the World report, Canada remains outside the top 10 most economically-free countries in the world.
  • The report measures economic freedomthe ability of individuals to make their own economic decisionsby analyzing the policies and institutions of 165 countries and territories.
  • For example, countries in the top quartile of economic freedom had an average per-capita GDP of US$48,251 in 2020 compared to US$6,542 for bottom quartile countries.
  • The Fraser Institute produces the annual Economic Freedom of the World report in cooperation with the Economic Freedom Network, a group of independent research and educational institutes in nearly 100 countries and territories.

Fraser Institute News Release: Hundreds of studies find economic freedom works

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Thursday, August 18, 2022
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TORONTO, Aug. 18, 2022 (GLOBE NEWSWIRE) -- According to a wide-ranging literature review, economic freedom helps produce faster economic growth, higher living standards and more happiness.

Key Points: 
  • TORONTO, Aug. 18, 2022 (GLOBE NEWSWIRE) -- According to a wide-ranging literature review, economic freedom helps produce faster economic growth, higher living standards and more happiness.
  • More than 50 per cent of the papers reported good correlations between economic freedom (as measured by the index) and good outcomes (faster economic growth, higher living standards, reduced conflict, etc.)
  • The research shows that economic freedom boosts prosperity and economic growth and also leads to positive outcomes in others areas, said Lawson.
  • The majority of studies in the following areas found economic freedom was related to:
    Personal choice, voluntary exchange and open markets remain the cornerstones of economic freedom, which is key to prosperity worldwide, Lawson said.

Fraser Institute News Release: Canada drops out of top 10 countries in annual economic freedom report

Retrieved on: 
Tuesday, September 14, 2021
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TORONTO, Sept. 14, 2021 (GLOBE NEWSWIRE) -- In the Fraser Institutes annual Economic Freedom of the World report, Canada is no longer among the top 10 most economically-free countries in the world.

Key Points: 
  • TORONTO, Sept. 14, 2021 (GLOBE NEWSWIRE) -- In the Fraser Institutes annual Economic Freedom of the World report, Canada is no longer among the top 10 most economically-free countries in the world.
  • The report, which was first launched in 1996, measures economic freedomthe ability of individuals to make their own economic decisionsby analyzing the policies and institutions of 165 countries and territories.
  • People living in countries with high levels of economic freedom enjoy greater prosperity, more political and civil liberties, and longer lives.
  • The Fraser Institute produces the annual Economic Freedom of the World report in cooperation with the Economic Freedom Network, a group of independent research and educational institutes in nearly 100 countries and territories.

Fraser Institute News Release: Regulations disproportionately hurt low-income workers trying to climb income ladder

Retrieved on: 
Tuesday, August 31, 2021
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Government regulations impede the ability of workers to make themselves better off by slowing the upward mobility of workers, said Vincent Geloso, an assistant professor of economics at George Mason University, senior fellow at the Fraser Institute and co-author of Economic Freedom Promotes Upward Income Mobility .

Key Points: 
  • Government regulations impede the ability of workers to make themselves better off by slowing the upward mobility of workers, said Vincent Geloso, an assistant professor of economics at George Mason University, senior fellow at the Fraser Institute and co-author of Economic Freedom Promotes Upward Income Mobility .
  • For example, government regulation of many industries requires workers to purchase occupational licences or train to acquire credentials before they can work.
  • Consequently, the study notes, general employment regulations across industries slow wage growth for low-income workers.
  • And particularly, occupational licencing tends to hurt income growth among the poor more than among higher-income workers.

Fraser Institute News Release: Canada lags behind U.S. in economic freedom, China threatens Hong Kong’s top rank in annual report

Retrieved on: 
Thursday, September 10, 2020
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The United States ranks 6th in this years report compared to Canada, which ranks 9th.

Key Points: 
  • The United States ranks 6th in this years report compared to Canada, which ranks 9th.
  • The report measures the economic freedomthe ability of individuals to make their own economic decisionsby analyzing the policies and institutions of 162 countries and territories.
  • According to this years report, Hong Kong again ranks 1st followed by Singapore, New Zealand, Switzerland, Australia, the United States, Mauritius, Georgia, Canada and Ireland.
  • The Fraser Institute produces the annual Economic Freedom of the World report in cooperation with the Economic Freedom Network, a group of independent research and educational institutes in nearly 100 countries and territories.