The 2007 Index of Economic Freedom

http://news.yahoo.com/s/nm/20070116/bs_nm/global_economy_survey_dc_1

The 2007 Index of Economic Freedom measures and ranks 161 countries across 10 specific freedoms, things like tax rates and property rights. Keep in mind that on eof the authors is the Heritage foundation which is biased to represent conservative right wing ideolgy, but the Wall street journal. I think this incorrectly labeled "Economic Freedom" because economics is a social science and these "freedoms" seem to be realated to business only. I singled out the rankings of Latin American nations and posted them below. Chile of course
is #1. One observation though is that Argentina ranks pretty high with less economic freedom than Colombia, Brazil, and Peru but I would take Argentina's Economy over Colombia's any day. And probably so will most colombians.

http://www.heritage.org/research/features/index/countries.cfm

Countries with a score of 50 or less are considered "repressed" economies. Latin American rankings with the higher number having less economic freedom

Chile 11
El Salvador 29
Uruguay 33
Mexico 49
Costa Rica 51
Nicaragua 61
Peru 63
Guatemala 68
Brazil 70
Colombia 73
Honduras 76
Argentina 95
Paraguay 99
Dominican Republic 100
Ecuador 108
Bolivia 112
Venezuela 144
Cuba 156

By cali373 on Jan 16, 2007, 08:13 in Politics & the war.

juancegomez says on Jan 16, 2007, 12:35:

Well... "I would take Argentina's Economy over Colombia's any day. And probably so will most colombians."

Most of the time, yes. But certainly not when Argentina's recent crisis came along.

Then again, I suspect that most Colombians probably would also take Colombia's over Guatemala's or Nicaragua's too.

So having more or less of something as debatable as "economic freedom", in itself, doesn't necessarily mean much.

Needless to say, "economic freedom" is not identical to economic prosperity or even economic health.

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cali373 says on Jan 17, 2007, 07:06:

Many times I feel the same way Tinto.

"Needless to say, "economic freedom" is not identical to economic prosperity or even economic health." Well said.

Smile if you are a thinker!

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