• 00:01    |    
    Initial credits
  • 00:17    |    
    Introduction of Marc Miles
  • 02:59    |    
    Marc Miles: How economic freedom relates to your life and country
    • Economic freedom enables people to pursue their goals and dreams
    • Artificial obstacles that exist in economically un-free countries
  • 05:58    |    
    The trend of economic freedom in the Index of Economic Freedom
  • Guatemala´s position in the Index of Economic Freedom
  • 09:19    |    
    Introduction to articles in the front of the Index that honor the role of people in improving economic freedom
    • James Tooley and Pauline Dixon: Educational entrepreneurship in Asia and Africa
    • Barun Mitra: Entrepreneurship in India
    • Michael Gonzalez: Informal banking institutions in China
  • 14:49    |    
    How the Index is created
  • Ten factors measured in the Index of Economic Freedom
  • 15:39    |    
    The meaning of the Index of Economic Freedom
    • The relationship between per capita income and economic freedom
    • How to solve the problem of poverty
    • The relationship between the change in economic freedom and economic growth
  • 21:50    |    
    How has Guatemala proformed in terms of improvement in economic freedom?
  • 23:37    |    
    The characteristics of an economically free country
  • 24:24    |    
    How does Guatemala´s economics situation compare to these standards?
    • Monetary stability
    • Tax rates
    • The Eastern European revolution in economic freedom
    • Property rights and the Rule of Law
    • Regulation
    • The importance of continuing to increase economic freedom in all areas
  • 43:41    |    
    • What is the meaning of "Government Intervention" in the Index?
    • How long does it take to improve a country´s economic freedom?
    • What answer can be made to international institutions that tell Guatemala that its tax rates are too low?
    • Do you recommend "Dollarization" for Guatemala?
    • Why does the United States score so well on the Index if it has such high tax rates?
    • How can we move ahead with trade agreements with counties, such as the U.S., when they have subsidies?
    • Has the Bush administration caused a lot of the fall in the economic freedom in the US?
    • Will the comming free trade agreement, with its labor restrictions, make Guatemala a more free or a less free country?
    • Is labor migration included as a factor in the Index of economic freedom
    • What was the motive for creating an Index of Economic Freedom
    • Final words
    • Final credits

Guatemala in the Index of Economic Freedom

New Media  | 09 de mayo de 2006  | Vistas: 2292

About this video

Marc 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.


Guatemala in the Index of Economic Freedom
Marc Miles

Milton Friedman Auditorium
Universidad Francisco Marroquín
Guatemala, May 9, 2006

New Media - UFM production. Guatemala, May 2006
Camera 1: Jorge Samayoa; Camera 2: Rodrigo Escalante; digital editing: Alexander Arauz; index: Christiaan Ketelaar; content reviser: Katty Schellenger; synopsis: Sebastian del Buey; synopsis reviser: Daphne Ortiz; publication: Pedro David España


Mark Miles is the Director of the Heritage Foundation's Center for…