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Index of Economic Freedom

Index Index of Economic Freedom

The Index of Economic Freedom is an annual index and ranking created by The Heritage Foundation and The Wall Street Journal in 1995 to measure the degree of economic freedom in the world's nations. [1]

74 relations: Adam Smith, Australia, Bank, Bribery, Capital (economics), Carl Schramm, Cato Institute, China, Corruption Perceptions Index, Cronyism, Debt, Developing country, Dollars & Sense, Ease of doing business index, Economic freedom, Economist Intelligence Unit, Embezzlement, Emerging markets, Europe, Export, Expropriation, Extortion, Freedom House, Government budget balance, Graft (politics), Gross domestic product, Gross National Happiness, Happiness economics, Hong Kong, Import, Inflation, Intellectual property, International Monetary Fund, Jeffrey Sachs, Judiciary, Labor rights, Libertarianism, List of countries by economic freedom, List of freedom indices, Mary O'Grady, Mercatus Center, Microeconomics, Microsoft Excel, Millennium Challenge Corporation, Minimum wage, Mises Institute, Moody's Investors Service, Nepotism, New Zealand, Non-tariff barriers to trade, ..., North America, Open government, Patronage, Policy, Political corruption, Procedural law, Public expenditure, Public trust, Singapore, Social programs in the United States, Special administrative region, Sub-Saharan Africa, Switzerland, Tariff, Tax rate, The End of Poverty, The Heritage Foundation, The Wall Street Journal, The Wealth of Nations, Think tank, Transparency International, United Arab Emirates, Will Wilkinson, World Bank. Expand index (24 more) »

Adam Smith

Adam Smith (16 June 1723 NS (5 June 1723 OS) – 17 July 1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment era.

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Australia

Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania and numerous smaller islands.

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Bank

A bank is a financial institution that accepts deposits from the public and creates credit.

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Bribery

Bribery is the act of giving or receiving something of value in exchange for some kind of influence or action in return, that the recipient would otherwise not alter.

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Capital (economics)

In economics, capital consists of an asset that can enhance one's power to perform economically useful work.

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Carl Schramm

Carl J. Schramm is an American economist, entrepreneur, and former President and CEO of the Ewing Marion Kauffman Foundation.

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Cato Institute

The Cato Institute is an American libertarian think tank headquartered in Washington, D.C. It was founded as the Charles Koch Foundation in 1974 by Ed Crane, Murray Rothbard, and Charles Koch, chairman of the board and chief executive officer of the conglomerate Koch Industries.

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China

China, officially the People's Republic of China (PRC), is a unitary one-party sovereign state in East Asia and the world's most populous country, with a population of around /1e9 round 3 billion.

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Corruption Perceptions Index

Transparency International (TI) has published the Corruption Perceptions Index (CPI) since 1995, annually ranking countries "by their perceived levels of corruption, as determined by expert assessments and opinion surveys." The CPI generally defines corruption as "the misuse of public power for private benefit".

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Cronyism

Cronyism is the practice of partiality in awarding jobs and other advantages to friends, family relatives or trusted colleagues, especially in politics and between politicians and supportive organizations.

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Debt

Debt is when something, usually money, is owed by one party, the borrower or debtor, to a second party, the lender or creditor.

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Developing country

A developing country (or a low and middle income country (LMIC), less developed country, less economically developed country (LEDC), underdeveloped country) is a country with a less developed industrial base and a low Human Development Index (HDI) relative to other countries.

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Dollars & Sense

Dollars & Sense is a magazine focusing on economics from a progressive perspective, published by Dollars & Sense, Inc, which also publishes textbooks in the same genre.

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Ease of doing business index

The ease of doing business index is an index created by Simeon Djankov at the World Bank Group.

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Economic freedom

Economic freedom or economic liberty is the ability of people of a society to take economic actions.

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Economist Intelligence Unit

The Economist Intelligence Unit (EIU) is a British business within the Economist Group providing forecasting and advisory services through research and analysis, such as monthly country reports, five-year country economic forecasts, country risk service reports, and industry reports.

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Embezzlement

Embezzlement is the act of withholding assets for the purpose of conversion (theft) of such assets, by one or more persons to whom the assets were entrusted, either to be held or to be used for specific purposes.

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Emerging markets

An emerging market is a country that has some characteristics of a developed market, but does not meet standards to be a developed market.

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Europe

Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere.

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Export

The term export means sending of goods or services produced in one country to another country.

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Expropriation

The process of expropriation "occurs when a public agency (for example, the provincial government and its agencies, regional districts, municipalities, school boards, post-secondary institutions and utilities) takes private property for a purpose deemed to be in the public interest".

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Extortion

Extortion (also called shakedown, outwrestling and exaction) is a criminal offense of obtaining money, property, or services from an individual or institution, through coercion.

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Freedom House

Freedom House is a U.S.-based 501(c)(3) U.S. government-funded non-governmental organization (NGO) that conducts research and advocacy on democracy, political freedom, and human rights.

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Government budget balance

A government budget is a financial statement presenting the government's proposed revenues and spending for a financial year.

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Graft (politics)

Graft, as understood in American English, is a form of political corruption, being the unscrupulous use of a politician's authority for personal gain.

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Gross domestic product

Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time.

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Gross National Happiness

Gross National Happiness (also known by the acronym: GNH) is a philosophy that guides the government of Bhutan.

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Happiness economics

The economics of happiness or happiness economics is the quantitative and theoretical study of happiness, positive and negative affect, well-being, quality of life, life satisfaction and related concepts, typically combining economics with other fields such as psychology, health and sociology.

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Hong Kong

Hong Kong (Chinese: 香港), officially the Hong Kong Special Administrative Region of the People's Republic of China, is an autonomous territory of China on the eastern side of the Pearl River estuary in East Asia.

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Import

An import is a good brought into a jurisdiction, especially across a national border, from an external source.

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Inflation

In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.

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Intellectual property

Intellectual property (IP) is a category of property that includes intangible creations of the human intellect, and primarily encompasses copyrights, patents, and trademarks.

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International Monetary Fund

The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1945 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system.

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Jeffrey Sachs

Jeffrey David Sachs (born November 5, 1954) is an American economist and director of the Earth Institute at Columbia University, where he holds the title of University Professor, the highest rank Columbia bestows on its faculty.

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Judiciary

The judiciary (also known as the judicial system or court system) is the system of courts that interprets and applies the law in the name of the state.

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Labor rights

Labor rights or workers' rights are a group of legal rights and claimed human rights having to do with labor relations between workers and their employers, usually obtained under labor and employment law.

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Libertarianism

Libertarianism (from libertas, meaning "freedom") is a collection of political philosophies and movements that uphold liberty as a core principle.

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List of countries by economic freedom

This article includes a partial List of countries by economic freedom that shows the top 50 highest ranking countries from two reports on economic freedom.

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List of freedom indices

This article contains a list of freedom indices produced by several non-governmental organizations that publish and maintain assessments of the state of freedom in the world, according to their own various definitions of the term, and rank countries as being free, partly free, or using various measures of freedom, including civil liberties, political rights and economic rights.

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Mary O'Grady

Mary Anastasia O'Grady — also published as Mary O'Grady — is an editor of the Wall Street Journal and member of the Wall Street Journal Editorial Board since 2005.

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Mercatus Center

The Mercatus Center at George Mason University is an American non-profit free-market-oriented research, education, and outreach think tank directed by Tyler Cowen.

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Microeconomics

Microeconomics (from Greek prefix mikro- meaning "small") is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.

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Microsoft Excel

Microsoft Excel is a spreadsheet developed by Microsoft for Windows, macOS, Android and iOS.

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Millennium Challenge Corporation

The Millennium Challenge Corporation (MCC) is a bilateral United States foreign aid agency established by the U.S. Congress in 2004, applying a new philosophy toward foreign aid.

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Minimum wage

A minimum wage is the lowest remuneration that employers can legally pay their workers.

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Mises Institute

The Mises Institute, short name for Ludwig von Mises Institute for Austrian Economics, is a tax-exempt educative organization located in Auburn, Alabama, United States.

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Moody's Investors Service

Moody's Investors Service, often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its historical name.

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Nepotism

Nepotism is based on favour granted to relatives in various fields, including business, politics, entertainment, sports, religion and other activities.

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New Zealand

New Zealand (Aotearoa) is a sovereign island country in the southwestern Pacific Ocean.

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Non-tariff barriers to trade

Non-tariff barriers to trade (NTBs) or sometimes called "Non-Tariff Measures (NTMs)" are trade barriers that restrict imports or exports of goods or services through mechanisms other than the simple imposition of tariffs.

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North America

North America is a continent entirely within the Northern Hemisphere and almost all within the Western Hemisphere; it is also considered by some to be a northern subcontinent of the Americas.

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Open government

Open government is the governing doctrine which holds that citizens have the right to access the documents and proceedings of the government to allow for effective public oversight.

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Patronage

Patronage is the support, encouragement, privilege, or financial aid that an organization or individual bestows to another.

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Policy

A policy is a deliberate system of principles to guide decisions and achieve rational outcomes.

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Political corruption

Political corruption is the use of powers by government officials or their network contacts for illegitimate private gain.

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Procedural law

Procedural law, adjective law, or rules of court comprises the rules by which a court hears and determines what happens in civil, lawsuit, criminal or administrative proceedings.

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Public expenditure

Public expenditure is spending made by the government of a country on collective needs and wants such as pension, provision, infrastructure, etc.

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Public trust

The concept of the public trust relates back to the origins of democratic government and its seminal idea that within the public lies the true power and future of a society; therefore, whatever trust the public places in its officials must be respected.

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Singapore

Singapore, officially the Republic of Singapore, is a sovereign city-state and island country in Southeast Asia.

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Social programs in the United States

Social programs in the United States are welfare subsidies designed to meet needs of the American population.

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Special administrative region

Special administrative region is a designation for types of administrative territorial entities in China, North Korea and Indonesia.

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Sub-Saharan Africa

Sub-Saharan Africa is, geographically, the area of the continent of Africa that lies south of the Sahara.

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Switzerland

Switzerland, officially the Swiss Confederation, is a sovereign state in Europe.

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Tariff

A tariff is a tax on imports or exports between sovereign states.

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Tax rate

In a tax system, the tax rate is the ratio (usually expressed as a percentage) at which a business or person is taxed.

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The End of Poverty

The End of Poverty: Economic Possibilities for Our Time is a 2005 book by American economist Jeffrey Sachs.

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The Heritage Foundation

The Heritage Foundation (abbreviated to Heritage) is an American conservative public policy think tank based in Washington, D.C. The foundation took a leading role in the conservative movement during the presidency of Ronald Reagan, whose policies were taken from Heritage's policy study Mandate for Leadership.

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The Wall Street Journal

The Wall Street Journal is a U.S. business-focused, English-language international daily newspaper based in New York City.

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The Wealth of Nations

An Inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith.

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Think tank

A think tank, think factory or policy institute is a research institute/center and organisation that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture.

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Transparency International

Transparency International e.V. (TI) is an international non-governmental organization which is based in Berlin, Germany, and was founded in 1993.

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United Arab Emirates

The United Arab Emirates (UAE; دولة الإمارات العربية المتحدة), sometimes simply called the Emirates (الإمارات), is a federal absolute monarchy sovereign state in Western Asia at the southeast end of the Arabian Peninsula on the Persian Gulf, bordering Oman to the east and Saudi Arabia to the south, as well as sharing maritime borders with Qatar to the west and Iran to the north.

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Will Wilkinson

Will Wilkinson (born 1973) is an American writer who currently serves as Vice President of Policy at the Niskanen Center.

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World Bank

The World Bank (Banque mondiale) is an international financial institution that provides loans to countries of the world for capital projects.

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Redirects here:

Freest economy, Index of Economic Freedom (Historical Rankings), Index of Economic Freedom 2003-2006, Index of Economic Freedom 2003–2006, Index of Economic Freedom historical rankings, Index of economic freedom.

References

[1] https://en.wikipedia.org/wiki/Index_of_Economic_Freedom

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