"The annual peer-reviewed report uses 42 different measures to create an index ranking countries around the world based on policies that encourage economic freedom. The cornerstones of economic freedom are personal choice, voluntary exchange of goods and services, freedom to compete and security of privately owned property. The lead authors of the overall report are James D. Gwartney, Professor of Economics at Florida State University, and Robert A. Lawson, Professor of Economics at Capital University in Columbus, Ohio."
Countries’ economic freedom scores are telling as the report has found that nations that are economically free out-perform non-free nations in indicators of well-being.
Source: Cato Institute
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