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Economic Freedom of the World: 2000 Annual Report

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. Since 1980, economic freedom appears to have risen around the world.

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Economic Freedom of the World: 2000 Annual Report

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

  2. Section 1: Changes in Economic Freedom, 1970-1997 • Since 1980, economic freedom appears to have risen around the world. • Economic freedom leads to higher incomes, faster growth, and longer lives.

  3. Chart 1: The Average Summary Rating, 1970-1997

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

  5. Chart 3: Economic Freedom and Income, 1997

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

  7. Chart 5: Economic Freedom and Life Expectancy, 1997

  8. Section 2: Changes in the Size of Government, 1970-1997 • Government consumption as a share of total consumption has been relatively constant over the last two decades. • Transfer payments have increased sharply. • Top marginal tax rates have fallen since 1980.

  9. Chart 6: Government Consumption and Transfers, 1975-1997

  10. Chart 7: The Average Top Marginal Tax Rate, 1975-1997

  11. Section 3: Inflation Around the World, 1970-1997 • The average rate of inflation rose during the 1970s, but has fallen since the mid-1980s.

  12. Chart 8: The Percentage of Countries with Inflation Rates Less than 5% During Previous Five Years, 1970-1997

  13. Chart 9: The Median Inflation Rate, 1970-1997

  14. Section 4: Access to Sound Money, 1970-1997 • The percentage of countries allowing citizens to hold foreign currency bank accounts has increased. • Likewise, the percentage of countries with sizeable foreign exchange black markets has fallen.

  15. Chart 10: The Percentage of Countries in Which Citizens Were Free to Hold Foreign Currency Bank Accounts, 1970-1997

  16. Chart 11: The Percentage of Countries with a Black Market Exchange Rate Premium of 25% or More, 1970-1997

  17. Section 5: International Exchange and Capital Markets, 1970-1997 • Tariffs have been reduced. • Capital and financial markets have been liberalized since 1980.

  18. Chart 12: The Average Tax Rate on International Trade as a Share of Exports & Imports, 1970-1997

  19. Chart 13: The Average Tariff Rate, 1980-1997

  20. Chart 14: The Average Rating for Area VI--International Exchange: Freedom to Trade with Foreigners, 1970-1997

  21. Chart 15: The Average Rating in Area VII--Freedom of Exchange in Capital and Financial Markets, 1970-1997

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