Presentation on theme: "Economic Freedom of the World: 2000 Annual Report James Gwartney, Florida State University Robert Lawson, Capital University with Dexter Samida, Fraser."— 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, 1970-1997 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 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, 1970-1997 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, 1975-1997
Chart 7: The Average Top Marginal Tax Rate, 1975-1997
Section 3: Inflation Around the World, 1970-1997 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, 1970-1997
Section 4: Access to Sound Money, 1970-1997 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, 1970-1997
Chart 11: The Percentage of Countries with a Black Market Exchange Rate Premium of 25% or More, 1970-1997
Section 5: International Exchange and Capital Markets, 1970-1997 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, 1970-1997