1. Economic Freedom of the World 2018 Annual Report September 2018

2. What is the Economic Freedom of the World Index?
An annual compilation of data representing factors which make a country economically free
Authors: James Gwartney, Robert Lawson, Joshua Hall, and Ryan Murphy
A compendium of 42 government policies affecting economic freedom based on objective data or independent surveys
In addition, the survey includes a Gender Disparity Adjustment, based on 41 variables from the World Bank’s dataset on gender discrimination, to recognize that women are too often not granted the same level of freedom as men
A ranking of 161 countries plus Hong Kong, representing 95% of the world’s population, according to the extent to which they permit their citizens to be economically free
Now a collaboration of Institutes in nearly 100 nations and territories

3. What is Economic Freedom
Individuals have economic freedom when property they acquire without the use of force, fraud, or theft is protected from physical invasions by others and they are free to use, exchange, or give their property as long as their actions do not violate the identical rights of others. An index of economic freedom should measure the extent to which rightly acquired property is protected and individuals are engaged in voluntary transactions.
James Gwartney et al. 1996

4. Components of the Economic Freedom of the World Index
Size of government and taxation
Private property and the rule of law
Sound money
Trade regulation and tariffs
Regulation of business, labour and capital markets

5. Talk about making a difference …

6. Member Institutes of Economic Freedom of The World Network
Full Members
Afghanistan Economic and Legal Studies Organization (AELSO)
Albanian Center for Economic Research (ACER)
Argentina: Fundación Libertad
Armenia: Centre of Political, Legal and Economic Research and Forecasting (PLERF)
Australia: Institute of Public Affairs
Austria: TIGRA
Azerbaijan: Center for Economic and Political Research
Bahamas: The Nassau Institute
Bangladesh: Making Our Economy Right (MOER)
Belarus: Scientific Research Mises Center
Belgium: The Ludwig von Mises Institute-Europe
Bolivia: Política Publicas para la Libertad (POPULI)
Bosnia and Herzegovina: Center for Advancement of Free Enterprise
Brazil: Instituto Liberal do Rio de Janeiro
Bulgaria: Institute for Market Economics
Burkina Faso: Le Centre des Affaires Humaines (CEDAH)
Canada: Fraser Institute
Chile: Instituto Libertad y Desarrollo
China: Center for China & Globalization
Colombia: Instituto de Ciencia Politica
Costa Rica: Instituto para la Libertad y el Análisis de Políticas
Côte d’Ivoire: Audace Institut Afrique
Croatia: The Institute of Economics
Czech Republic: Liberální Institut
Denmark: Center for Politiske Studier (CEPOS)
Jordan: Young Entrepreneurs Association
Kazakhstan: IDEA (Institute for Development and Economic Affairs)
Kenya: Eastern Africa Policy Centre
Korea, South: Center for Free Enterprise
Kosovo: Group for Legal and Political Studies
Kyrgyz Republic: CAFMI (Central Asian Free Market Institute)
Lithuania: Lithuanian Free Market Institute
Macedonia: The Institute for Research and European Studies (IRES)
Malaysia: Institute for Democracy and Economic Affairs (IDEAS)
Mali: The Centre Kassoum Coulibaly
Mexico: Caminos de la Libertad
Mongolia: Open Society Forum
Montenegro: The Institute for Entrepreneurship and Economic Development (IPER)
Nambia: The Chevauchee Foundation
Nepal: Samriddi, The Prosperity Foundation
New Zealand: The New Zealand Initiative
Nicaragua: Nicaraguan Foundation for Economic and Social Development (FUNIDES)
Nigeria: Initiative of Public Policy Analysis
Norway: Center for Business and Society Incorporated (Civita)
Oman: International Research Foundation (IRF)
Pakistan: Alternate Solutions Institute
Palestine: Pal-Think for Strategic Studies
Panama: Fundación Libertad
Paraguay: The Fundacion Issos para la Libertad y el Desarrollo
Peru: Centro de Investigación y Estudios Legales (CITEL)
Philippines: Center for Research and Communication
Poland: Centrum IM. Adama Smitha
Portugal: Causa Liberal
Romania: Center for Institutional Analysis and Development Eleutheria (CADI)
Russia: Institute of Economic Analysis (IEA)
Serbia: Libertarian Club - Libek
Slovak Republic: The F.A. Hayek Foundation
Slovenia: Visio Institute
South Africa: The Free Market Foundation (Southern Africa)
Spain: Fundació Catalunya Oberta
Sri Lanka: The Pathfinder Foundation
Sudan: Nile Institute of Economic Studies
Sweden: Timbro
Switzerland: Liberales Institut
Tajikistan: Tajikistan Free Market Centre
Tanzania: Uhuru Initiative for Policy & Education
Trinidad and Tobago: Arthur Lok Jack Graduate School of Business, The University of the West Indies
Turkey: Association for Liberal Thinking
Ukraine: Bendukidze Free Market Center
United Kingdom: Institute of Economic Affairs (IEA)
United States of America: Cato Institute
Uruguay: Centro de Estudios para el Desarrollo
Venezuela: Center for the Dissemination of Economic Knowledge (CEDICE)
Zambia: Zambia Institute for Public Policy Analysis (ZIPPA)
Associate Members
Albania: Foundation for Economic Freedom
Argentina: Libertad y Progreso
Armenia: Wide Opportunities Youth Non-Governmental Organization (WO YNGO)
Brazil: Estudantes Pela Liberdade
Centro Mackenzie de Liberdade Econômica
Instituto Liberdade
Colombia: Centro para la Libre Iniciativa
Croatia: Centre for Public Policy and Economic Analysis (CEA) and Association for Individual Liberty "Iustitia”
Ghana: IMANI Center for Policy & Education
Institute For Liberty and Policy Innovation (ILAPI)
Hong Kong: The Lion Rock Institute
Indonesia: The Center for Indonesian Policy Studies (CIPS)
Mongolia: Mongolian National Chamber of Commerce and Industry
Montenegro: The Lucha Institute
Pakistan: Policy Research Institute of Market Economy (PRIME)
Sri Lanka: Advocata Institute
Tanzania: Liberty Sparks
Turkey: Özgürlük Ara_tirmalari Derne_i
Ukraine: Easy Business
Ukrainian Center for Independent Political Research
Ukrainian Economic Freedoms Foundation (UEFF)
United States of America: Atlas Network
Independent Institute
William J. O'Neil Center for Global Markets and Freedom

7. Why is Economic Freedom Important?
Economic rights are fundamental rights in the sense that without them there can be no political freedom or civil freedoms
They are a prerequisite for growth and development
They are a prerequisite for broader human development

8. The impact on prosperity and development

9. Per Capita Income and Economic Freedom Quartile
Most Free ……………. Least Free

10. Economic Freedom, the Poor, and Inequality

11. Income Share of the Poorest 10% and Economic Freedom
Most Free ……………. Least Free

12. Income of the Poorest 10% and Economic Freedom (PPP, 2016)
Most Free ……………. Least Free

13. Poverty headcount ratio at $3.20 a day (PPP, 2016) (% of population)
Most Free ……………. Least Free

14. Economic Freedom, Governance, and Democracy

15. Economic Freedom and Political Rights
Most Free ……………. Least Free

16. Economic Freedom and Civil Rights
Most Free ……………. Least Free 16

17. The impact of Economic Freedom on other indicators of well-being

18. UN Gender Inequality Index: Normalized 0 – 10
Most Free ……………. Least Free 18

19. Life expectancy at birth
Most Free ……………. Least Free 19

20. Mortality rate, infant (per 1,000 live births) 2016
Most Free ……………. Least Free 20

21. Economic Freedom and Life Satisfaction
Most Free ……………. Least Free

22. Economic Freedom
Increases prosperity for all
Reduces poverty
Increases other freedoms
Improves quality of life