Post on 14-Apr-2018
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Economic Freedom of the World 2013
&
Nepal
-Surath Giri
www.surathgiri.com
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What is Economic Freedom?A situation where general people are free to:
Own things privately and securely. ( Private Property Rights)
To trade with others (Free trade)
Compete in markets (Easy entry, competition, easy exit, lack of cartels,syndicates and special privileges)
Buy what they want (Both local and foreign goods)
Earn a living in a job they choose or run business they want
Keep what they earn
To enter into contracts and have them enforced
Economic Freedom is the measure of the degree of
free market economy a nation has.
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Economic Freedom and Income
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Economic Freedom and Growth
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Economic Freedom and share of the
poorest 10%
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Economic Freedom and income of the
poorest 10%
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Economic Freedom and life expectancy
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Economic Freedom of the World Report Compiled by three prominent economists James Gwartney, Robert
Lawson & Joshua Hall for Fraser Institute, a think tank based in
Canada
Uses objective components and secondary data only
Major Components: 1 Size of Government; 2 Legal System and Property Rights; 3 Sound Money; 4 Freedom
to Trade Internationally; 5 Regulation.
Data sources:
International Monetary Fund, World Bank, and World Economic Forum and
Government provided data wherever available
Prepared annually using data oftwo years back
Samriddhi, The Prosperity Foundation is the official partner from
Nepal
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Economic Freedom of the World 2013
Nine new countries have been added to the
index (Brunei Darusala, Cape Verde, The
Gambia, Suriname, Swaziland, Tajikistan,
Timor-leste, Lebanon, Yemen, )
Overall economic freedom of the world has
increased (6.87 from 6.83 in 2010)
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Worlds Freest Economies: 2013
Position Country/Economy Score Remarks
1st Hong Kong 8.97 ------
2nd Singapore 8.73 ------
3rd New Zealand 8.49 ------
4th Switzerland 8.30 ------
5th United Arab Emirates 8.07 Increased
6th Mauritius 8.01 Increased
7th Finland 7.98 Increased
8th Bahrain 7.93 Decreased
9th Canada 7.93 Decreased
10th Australia 7.88 Decreased
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Worlds Least Free Economies: 2013
Position Country/Economy Score Remarks
143rd Algeria 5.32 Slightly improved
144th Congo, Dem. Republic 5.28 Slightly improved
145th Burundi 5.26 Worsened
145th Central African Republic 5.26 Worsened
147th Angola 5.17 Slightly improved
148th Chad 4.98 Worsened
149th Zimbabwe 4.59 Slightly improved
150th Congo, Republic 4.57 Worsened
151st Myanmar 4.08 Worsened
152nd Venezuela 3.93 Worsened
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Nepals Economic Freedom
Unadjusted
125th out of 152 countries with a score of 6.19 out of 10 Was 110th out of 144 countries last year with a score of 6.33 out of 10
Chain-Linked 105th out of 152 countries studied with a score of 5.92 out of 10
Was 105th out of 144 countries last year with a score of 5.90 out of 10
Overall score and rank has decreased
Nepal is still among the Least Free Category of EconomicFreedom Index
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Nepals Economic Freedom
Size of government:
Worsened from 8.34 to 7.6 (31st in the world)
Legal structures and security of property rights:
Improved from 3.85 to 4.2 (126th in the world) Access to sound money:
Slightly improved from 6.26 to 6.3 (136th in the world)
Freedom to trade internationally:
Worsened from 6.74 to 6.4 (118th in the world)
Regulation of credit, labor and business:
Slightly improved from 6.47 to 6.5 (109th in the world)
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Economic Freedom of South Asia and China
Country Score Rank Remarks
Sri Lanka 6.66 92nd Increased
India 6.34 111th Same as before
Pakistan 6.34 111th Same as before
Bangladesh 6.33 114th Decreased
China 6.22 123rd Decreased
Nepal 6.19 125th Decreased
Maldives N/A N/A N/A
Bhutan N/A N/A N/A
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Thank you!