Economic Freedom of the World: 2023 Annual Report
The report published by Canada’s Fraser Institute.
The index published in Economic Freedom of the World measures the degree to which the policies and institutions of countries are supportive of economic freedom.
The cornerstones of economic freedom are personal choice, voluntary exchange, freedom to enter markets and compete, and security of the person and privately-owned property.
The degree of economic freedom is measured in five broad areas.
Size of Government
Legal System and Property Rights
Sound Money
Freedom to Trade Internationally
Regulation
The total number of jurisdictions in the index is 165.
The data are available annually from 2000 to 2021 and for years ending in zero or five back to 1970.
Top rated country - Singapore
India’s Rank - 87th
Ouagadougou
Ouagadougou
Ouagadougou, or Wagadugu is the capital of Burkina Faso.
The spelling of the name Ouagadougou is derived from the French orthography common in former French African colonies.
Why it is in news?
Suspected jihadists have killed 16 civilians, including four Army auxiliaries, in two separate attacks in Burkina Faso, local and security sources said.
The latest violence follows an attack last week on a camp for internally displaced people in the north of the country which left eight people dead.
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