“For much of human history, most individuals have lacked economic freedom and opportunity, condemning them to poverty and deprivation.”
But times are changing. Currently, we are living in the most prosperous time ever in human history, which means that while poverty, sickness, and ignorance is decreasing, and economic freedom is increasing. In fact, economic freedom is increasing world-wide, with the exception of two regions.
The 2014 Index of Economic Freedom, the 20th issue of the annual guide published by The Wall Street Journal and The Heritage Foundation, measures the principle of economic freedom and breaks down the information in an easily readable format. 186 countries are ranked based on their level of economic freedom, which is comprised of 10 freedoms- property rights to entrepreneurship, and can be compared. The information can also be seen in graph form as well.
The Index shows that Hong Kong is ranked number one, the United States in no longer in the top 10, and the Asia-Pacific region is the most improved region. To see more of the index, click here.