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ARMENIA 32-ND IN ECONOMIC FREEDOM RATING
ARMENPRESS
Sep 7, 2007
YEREVAN, SEPTEMBER 7, ARMENPRESS: Armenia has improved its ranking
in providing freedom to do business in terms of personal choice and
competition leaving behind such nations as France, Belgium, Italy
and its immediate neighbors Turkey, Azerbaijan and Georgia.
The Economic Freedom of the World Report 2007 released on Tuesday,
ranked Armenia as number 32 freest nation in terms of business
doing. Among CIS nations Armenia shares the same rating with
Kazakhstan. Another former Soviet republic of Estonia is ranked number
8, while Russia is number 112 in the list of 141 surveyed nations.
The report was prepared by U.S.-based economists and the Fraser
Institute.
Based on 2005 data, the compares the level of economic freedom in 141
countries. As a global index, it measures the degree to which policies
and institutions of these countries are supportive of economic freedom,
which includes elements like personal choice, voluntary exchange,
freedom to compete and security of privately owned property.
The report warns, however, that economic freedom index should not be
confused with democracy developments levels.
ARMENPRESS
Sep 7, 2007
YEREVAN, SEPTEMBER 7, ARMENPRESS: Armenia has improved its ranking
in providing freedom to do business in terms of personal choice and
competition leaving behind such nations as France, Belgium, Italy
and its immediate neighbors Turkey, Azerbaijan and Georgia.
The Economic Freedom of the World Report 2007 released on Tuesday,
ranked Armenia as number 32 freest nation in terms of business
doing. Among CIS nations Armenia shares the same rating with
Kazakhstan. Another former Soviet republic of Estonia is ranked number
8, while Russia is number 112 in the list of 141 surveyed nations.
The report was prepared by U.S.-based economists and the Fraser
Institute.
Based on 2005 data, the compares the level of economic freedom in 141
countries. As a global index, it measures the degree to which policies
and institutions of these countries are supportive of economic freedom,
which includes elements like personal choice, voluntary exchange,
freedom to compete and security of privately owned property.
The report warns, however, that economic freedom index should not be
confused with democracy developments levels.