rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Economic freedom: 122 nations, Pakistan beat India!

Economic freedom: 122 nations, Pakistan beat India!

Last updated on: April 13, 2012 09:34 IST

Economic freedom: 122 nations, Pakistan beat India!

     Next

Next

The world economy is in trouble, and governments are making things worse, says the 2012 Index of Economic Freedom published by the Heritage Foundation and The Wall Street Journal.

The Heritage Foundation, in partnership with The Wall Street Journal has tracked economic freedom around the world since a decade.

According to the study, Pakistan has beat India and China in economic freedom.

India (Rank 123)

India's score is unchanged from last year, with an improvement in labour freedom offset by declining scores in five other areas including business freedom, freedom from corruption, government spending, and monetary freedom.

India is ranked 25th out of 41 countries in the Asia-Pacific region, and its overall score is below the world average.

Despite India's high economic growth, the foundations for long-term economic development remain fragile in the absence of an efficiently functioning legal framework, says the 2012 Index of Economic Freedom.

Click NEXT to know more about economic freedom in Pakistan...




     Next

Economic freedom: 122 nations, Pakistan beat India!

Prev     Next
Prev

Next

Pakistan (Rank 122)
Score: 54.7

Pakistan's economic freedom score is 0.4 point lower than last year, with declines in freedom from corruption and investment freedom. Pakistan is ranked 24th out of 41 countries in the Asia–Pacific region, and its overall score is below the world and regional averages.

The Pakistani government has demonstrated little commitment to much-needed economic reform, says the 2012 Index of Economic Freedom.  

Click NEXT to know more about economic freedom in China...



Image: A boy waits for customers while sitting at his father's stall which sells metal rings at a roadside in Quetta.
Photographs: Naseer Ahmed/Reuters.

Prev     Next

Economic freedom: 122 nations, Pakistan beat India!

Prev     Next
Prev

Next

China (Rank 138)
Score: 51.2

China's economic freedom score is 0.8 point lower than last year, reflecting worsening performance in business freedom and government spending.

China is ranked 30th out of 41 countries in the Asia-Pacific region, and its overall score is lower than the global and regional averages.

Economic freedom in China rests on fragile foundations. The judicial system is vulnerable to political influence and Communist Party directives, and corruption is perceived as widespread, says the 2012 Index of Economic Freedom.

Click NEXT to see the 20 countries that top in economic freedom...


Image: A man holds up a kite as he helps to fly it at a demolition site near residential areas in Shijiazhuang, Hebei province.
Photographs: Pillar Lee/Reuters.

Prev     Next

Economic freedom: 122 nations, Pakistan beat India!

Prev     Next
Prev

Next

Hong Kong (Rank 1)
Score: 89.9

Hong Kong has the freest economy in the 2012 Index. Its overall score is 0.2 point higher than last year, with improvements in freedom from corruption and the control of government spending partially offset by a small decline in monetary freedom, says the 2012 Index of Economic Freedom.

Click NEXT to read more...



Image: A woman (R) collects her new pre-ordered iPad outside an Apple store in Hong Kong.
Photographs: Tyrone Siu/Reuters.

Prev     Next

Economic freedom: 122 nations, Pakistan beat India!

Prev     Next
Prev

Next

Singapore (Rank 2)
Score: 87.5

Singapore's score is slightly higher than last year, reflecting gains in freedom from corruption and financial freedom that offset losses in labour and monetary freedom.

Click NEXT to read more...



Image: A visitor takes photos of a Boeing 787-8 Dreamliner passenger jet on display as it is reflected in a puddle at the Singapore Airshow in Singapore.
Photographs: Tim Chong/Reuters.

Prev     Next

Economic freedom: 122 nations, Pakistan beat India!

Prev     Next
Prev

Next

Australia (Rank 3)
Score: 83.1

Its overall score is 0.6 point higher than last year, reflecting better scores in trade freedom, government spending, and fiscal freedom

Click NEXT to read more...


Image: Handout photo of the Airport Link road and tunnel, a Leighton Holdings project, in Brisbane.
Photographs: Reuters.

Prev     Next

Economic freedom: 122 nations, Pakistan beat India!

Prev     Next
Prev

Next

New Zealand (Rank 4)
Score: 82.1

New Zealand's economic freedom score is 0.2 point worse than last year, reflecting modest declines in investment freedom and the control of government spending that offset an improvement in fiscal freedom. 

Click NEXT to read more...



Image: A street performer in a rhinoceros costume jokes with a little girl and her mother in Sydney prior to the start of a rugby match between France and New Zealand.
Photographs: Reuters.

Prev     Next

Economic freedom: 122 nations, Pakistan beat India!

Prev     Next
Prev

Next

Switzerland (Rank 5)
Score: 81.1

Switzerland's economic freedom score has dropped by 0.8 point since last year, with declines in freedom from corruption, business freedom, and the score for government spending. 

Click NEXT to read more...



Image: Visitors look at the walls of an ice cave at Rhone glacier in the Swiss Alps at the Furkapass.
Photographs: Denis Balibouse/Reuters.

Prev     Next

Economic freedom: 122 nations, Pakistan beat India!

Prev     Next
Prev

Next

Canada (Rank 6)
Score: 79.9

Canada's score is 0.9 point lower than last year, reflecting worsening scores for government size and monetary freedom.

 Click NEXT to read more...


Image: Visitors walk out of Ice Hotel in Sainte-Catherine-de-la-Jacques-Cartier, Quebec.
Photographs: Mathieu Belanger/Reuters.

Prev     Next

Economic freedom: 122 nations, Pakistan beat India!

Prev     Next
Prev

Next

Chile (Rank 7)
Score: 78.3

Chile's economic freedom is 0.9 point better than last year due to improved scores in property rights, freedom from corruption, and monetary freedom.

Click NEXT to read more...


Image: Tourists rest above a hill in Valle de la Luna (Moon Valley) located inside the nature reserve of Los Flamencos in the Atacama Desert, near San Pedro de Atacama in northern Chile.
Photographs: Ivan Alvarado/Reuters.
Tags: Chile , India , Pakistan

Prev     Next

Economic freedom: 122 nations, Pakistan beat India!

Prev     Next
Prev

Next

Mauritius (Rank 8)
Score: 77

Mauritius's overall score is 0.8 point higher than last year, with improvements in property rights, monetary freedom, and the management of government spending. 

Click NEXT to read more...



Image: Vassen Kauppaymuthoo, an oceanographer, inspects the coral at Blue Bay Marine Reserve, south of Mauritius.
Photographs: Ed Harris/Reuters.

Prev     Next

Economic freedom: 122 nations, Pakistan beat India!

Prev     Next
Prev

Next

Ireland (Rank 9)
Score: 76.9

Ireland's score decreased by 1.8 points from last year, reflecting poorer management of government spending and reduced monetary freedom.

Click NEXT to read more...



Image: A young parade-goer celebrating St Patrick's Day in Dublin.
Photographs: Paul McErlane/Reuters.

Prev     Next

Economic freedom: 122 nations, Pakistan beat India!

Prev     Next
Prev

Next

United States (Rank 10)
Score: 76.3

The United States' economic freedom score dropped to 10th place in the 2012 Index.

Its score is 1.5 points lower than last year, reflecting deteriorating scores for government spending, freedom from corruption, and investment freedom.

 Click NEXT to read more...


Image: Tourists take pictures of the cherry blossom trees around the Tidal Basin in Washington.
Photographs: Larry Downing/Reuters.

Prev     Next

Economic freedom: 122 nations, Pakistan beat India!

Prev     Next
Prev

Next

Denmark (Rank 11)
Score: 76.2

Denmark's overall score is 2.4 points lower than last year, reflecting considerable deterioration in public finance management.

Denmark is ranked 3rd out of 43 countries in the Europe region.

Click NEXT to read more...



Image: Tourists look at the sculpture of the Little Mermaid, inspired from a fairy tale written by Hans Christian Andersen, a famous landmark of Copenhagen.
Photographs: Radu Sigheti/Reuters.

Prev     Next

Economic freedom: 122 nations, Pakistan beat India!

Prev     Next
Prev

Next

Bahrain (Rank 12)
Score: 75.2

Bahrain's overall score is 2.5 points worse than last year due to score declines in six of the 10 economic freedoms, including freedom from corruption, property rights, and government spending.

Bahrain is ranked 1st out of 17 countries in the Middle East/North Africa (MENA) region.

Click NEXT to read more...



Image: The Bahraini monument ''Pear Junction'' is seen after its new face lift in Manama.
Photographs: Reuters.

Prev     Next

Economic freedom: 122 nations, Pakistan beat India!

Prev     Next
Prev

Next

Luxembourg (Rank 13)
Score: 74.5

Luxembourg's overall score is 1.7 points worse than last year, reflecting declines in regulatory efficiency and control of government spending.

The country is ranked 4th out of 43 countries in the Europe region. Luxembourg has long benefited from a favourable climate for entrepreneurial activity and high levels of openness and flexibility.

 Click NEXT to read more...


Image: A boy looks at model boats for hire at the pond of Jardin du Luxembourg in Paris.
Photographs: Reuters.

Prev     Next

Economic freedom: 122 nations, Pakistan beat India!

Prev     Next
Prev

Next

United Kingdom (Rank 14)
Score: 74.1

The United Kingdom's score is 0.4 point lower than last year, reflecting primarily a deterioration in the management of government spending.

It is ranked 5th out of 43 countries in the Europe region, and its overall score is much higher than the world average.

The British economy continues to underperform, with average annual growth of less than 1 percent over the past five years, says the 2012 Index of Economic Freedom..

Click NEXT to read more...



Image: A tourist feeds pigeons by the Serpentine lake in Hyde Park in London.
Photographs: Olivia Harris/Reuters.

Prev     Next

Economic freedom: 122 nations, Pakistan beat India!

Prev     Next
Prev

Next

The Netherlands (Rank 15)
Score: 73.3

The Netherlands' economic freedom score is 1.4 points worse than last year due to significant deterioration in the control of public spending.

The Netherlands is ranked 6th out of 43 countries in the Europe region, and its overall score is above the world and regional averages.

Click NEXT to read more...



Image: A pair of swans swim in front of a lit up windmill at dusk in Kinderdijk, the Netherlands.
Photographs: Reuters.

Prev     Next

Economic freedom: 122 nations, Pakistan beat India!

Prev     Next
Prev

Next

Estonia (Rank 16)
Score: 73.2

Estonia's economic freedom score is 2.0 points lower than last year as a result of declines in freedom from corruption and business freedom and a deteriorating score for government spending.

The country is ranked 7th out of 43 countries in the Europe region, and its overall score is well above the regional and world averages.

Click NEXT to read more...



Image: A man walks past Estonia's central bank building in Tallinn.
Photographs: Ints Kalnins/Reuters.

Prev     Next

Economic freedom: 122 nations, Pakistan beat India!

Prev     Next
Prev

Next

Finland (Rank 17)

Score: 72.3

Finland's economic freedom score is 1.7 points worse than last year, with considerable deterioration in the management of government spending.

Finland is ranked 8th out of 43 countries in the Europe region, and its overall score is well above the world average.

The strong competitiveness of Finland's economy is built on openness and transparency, says the 2012 Index of Economic Freedom.

Click NEXT to read more...


Image: Finnish Prime Minister Jyrki Katainen gets ready for a Husky ride during the informal Lapland meeting on economic affairs in Saariselka, Finland.
Photographs: Reuters.

Prev     Next

Economic freedom: 122 nations, Pakistan beat India!

Prev     Next
Prev

Next

Taiwan (Rank 18)

Score: 71.9

Taiwan's economic freedom score is 1.1 points higher than last year, with improvements in six of the 10 economic freedoms including business freedom and government spending.

Taiwan is ranked 5th out of 41 economies in the Asia–Pacific region, and its overall score is higher than the world average.

 Click NEXT to read more...


Image: A tourist takes a picture of a whale shark at the National Museum of Marine Biology and Aquarium in Checheng Township, in Pingtung.
Photographs: Joel Boh/Reuters.
Tags: Taiwan , OTaiwan , Asia , India

Prev     Next

Economic freedom: 122 nations, Pakistan beat India!

Prev     Next
Prev

Next

Macau (Rank 19)
Score: 71.8

Macau's economic freedom score is making its economy the 19th freest in the 2012 Index.

Its overall score is 1.3 points worse than last year, mainly due to declines in labour freedom, freedom from corruption, and the control of government spending.

As a free port, Macau has long benefited from global trade and investment.

Click NEXT to read more...


Image: A construction worker walks in front of the main gate to Fishermen's Wharf, one of Macau's largest entertainment parks and casinos.
Photographs: Reuters.

Prev     Next

Economic freedom: 122 nations, Pakistan beat India!

Prev     More
Prev

More

Cyprus (Rank 20)
Score: 71.8

Cyprus's economic freedom score is down by 1.5 points from last year, with significant declines in property rights, freedom from corruption, and public finance management.

Cyprus is ranked 9th out of 43 countries in the Europe region.





Prev     More