Economic Freedom of the World: 2000 Annual Report James Gwartney, Florida State University Robert Lawson, Capital University with Dexter Samida, Fraser.

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Presentation transcript:

Economic Freedom of the World: 2000 Annual Report James Gwartney, Florida State University Robert Lawson, Capital University with Dexter Samida, Fraser Institute

Section 1: Changes in Economic Freedom, F Since 1980, economic freedom appears to have risen around the world. F Economic freedom leads to higher incomes, faster growth, and longer lives.

Chart 1: The Average Summary Rating,

Chart 2: The Growth Rate in the 1990s of Countries That Improved the Most Since 1980.

Chart 3: Economic Freedom and Income, 1997

Chart 4: Economic Freedom and Economic Growth in the 1990s

Chart 5: Economic Freedom and Life Expectancy, 1997

Section 2: Changes in the Size of Government, F Government consumption as a share of total consumption has been relatively constant over the last two decades. F Transfer payments have increased sharply. F Top marginal tax rates have fallen since 1980.

Chart 6: Government Consumption and Transfers,

Chart 7: The Average Top Marginal Tax Rate,

Section 3: Inflation Around the World, F The average rate of inflation rose during the 1970s, but has fallen since the mid-1980s.

Chart 8: The Percentage of Countries with Inflation Rates Less than 5% During Previous Five Years,

Chart 9: The Median Inflation Rate,

Section 4: Access to Sound Money, F The percentage of countries allowing citizens to hold foreign currency bank accounts has increased. F Likewise, the percentage of countries with sizeable foreign exchange black markets has fallen.

Chart 10: The Percentage of Countries in Which Citizens Were Free to Hold Foreign Currency Bank Accounts,

Chart 11: The Percentage of Countries with a Black Market Exchange Rate Premium of 25% or More,

Section 5: International Exchange and Capital Markets, F Tariffs have been reduced. F Capital and financial markets have been liberalized since 1980.

Chart 12: The Average Tax Rate on International Trade as a Share of Exports & Imports,

Chart 13: The Average Tariff Rate,

Chart 14: The Average Rating for Area VI--International Exchange: Freedom to Trade with Foreigners,

Chart 15: The Average Rating in Area VII--Freedom of Exchange in Capital and Financial Markets,

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