00:00    |    
Initial credits
00:06    |    
Introduction by John Blundell
00:41    |    
Index of Economic Freedom (IEF), The Heritage Foundation and The Wall Street Journal
Basic methodology
Measurement categories
03:48    |    
Countries included in the study
Average scores by region
05:19    |    
Variables taken into account in the study
Academic research and investigation on the IEF
Foreign ownership of land
Equal treatment on the law for foreign and domestic companies
Wage levels set by the market
Independence, effectiveness and corruption levels in the judiciary system
Private property protection
License procurement by the government
12:44    |    
Top 20 best ranking economies in the world
14:21    |    
Top gaining countries in the world
15:42    |    
Top losing countries in the world
16:54    |    
Top 10 most improved and most declined countries over 10 years
Improvements of Montenegro and Croatia
21:17    |    
Ranking implications for countries
22:02    |    
Rule of 70 for macroeconomic growth rate
23:58    |    
Top and bottom quartile relations
How can you measure a unit of corruption?
28:00    |    
Correlation between IEF and growth rates
28:49    |    
Guatemala's position in the IEF
Conclusions on the variables measured in the index
33:55    |    
Importance of the IEF
34:31    |    
Final words
35:15    |    
Final credits




Highlights from the 2011 Index of Economic Freedom

22 de marzo de 2012   | Vistas: 5 |  

John Blundell talks about the Index of Economic Freedom, an annual publication of The Heritage Foundation and The Wall Street Journal, which measures a country’s economic freedom.

He talks about the elements that are analyzed in order to carry out the measurement: business, trade, fiscal, monetary, investment, corruption, financial, and labor freedoms; government spending and property rights. He elaborates on how this insightful tool summarizes the overall situation of different countries around the world, and the direct correlation existing between the score each country receives and the impact the measured elements have on the economic growth.

He shows data of the 2011 version of the index and comments on how several countries have improved and how others have been submerged into a state of null growth. He also comments on how Guatemala ranks worldwide, and points out the challenge that Guatemalans face in the strengthening of the macroeconomic development process, in order to rank higher, and ideally, be assessed as a free country.

John Blundell (1952-2014) was Distinguished Senior Fellow of the Institute of Economics Affairs (IEA). Previously, he was Director General and…


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Universidad Francisco Marroquín