Friday, August 09, 2002

New country-by-country economic freedom ratings show Hong Kong still at the top, and the US third (and Canada ninth). These ratings now include 37 new variables. One of those is per-capita income, which seems to confuse things- if the ratings institutes want to use these numbers to prove that economic freedom is correlated prosperity, this really confuses the issue. Maybe nobody will notice?

I also noted that protection of intellectual property is one of the new variables, but the news article doesn't say whether protecting intellectual property increases a country's rating or decreases it. I'd guess the former, although I'm seeing more and more libertarians argue that protecting intellectual property decreases economic freedoms.

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