About this videoMarc Miles discusses Guatemala's ranking in the Index of Economic Freedom as well as the norms this country does and does not follow. He explains how economic freedom relates to a country's development and to people's lives; enabling individuals to pursue their goals and dreams, something not possible in economically restrictive environments. He comments on Guatemala's progress in the index rankings, despite the fact that its score has declined slightly over the years. Miles also explains the purpose of the Index of Economic Freedom and looks at the relationship between per capita income and economic freedom, and between changes in financial freedom and economic growth. Finally, he describes the characteristics of an economically free country and comments on Guatemala's monetary stability, tax rates, regulation, and property rights. |
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CreditsGuatemala in the Index of Economic Freedom
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