Transcript
  • 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
    • Guatemala
    • 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
    • Zimbabwe
    • 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

New Media  | 22 de marzo de 2012  | Vistas: 6

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.




Conferencista

John Blundell (1952-2014) was Distinguished Senior Fellow of the Institute of…

IDEAS DE LA LIBERTAD

Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín