Economic Freedom Index: Argentina Ranks 166 Of 186 Countries

steveinbsas

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"For much of human history, most individuals have lacked economic freedom and opportunity, condemning them to poverty and deprivation.

Today, we live in the most prosperous time in human history. Poverty, sicknesses, and ignorance are receding throughout the world, due in large part to the advance of economic freedom. In 2014, the principles of economic freedom that have fueled this monumental progress are once again measured in the Index of Economic Freedom, an annual guide published by The Wall Street Journal and The Heritage Foundation, Washington’s No. 1 think tank.

This year marks the 20th anniversary of the Index of Economic Freedom. With its user friendly format and straight-forward analysis, readers can track up to two decades of advancement in economic freedom, prosperity, and opportunity.

The Index covers 10 freedoms – from property rights to entrepreneurship – in 186 countries."

Argentina is # 166 of the 186 ranked countries.

http://www.heritage.org/index/ranking
 

ajoknoblauch

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"For much of human history, most individuals have lacked economic freedom and opportunity, condemning them to poverty and deprivation.

Today, we live in the most prosperous time in human history. Poverty, sicknesses, and ignorance are receding throughout the world, due in large part to the advance of economic freedom. In 2014, the principles of economic freedom that have fueled this monumental progress are once again measured in the Index of Economic Freedom, an annual guide published by The Wall Street Journal and The Heritage Foundation, Washington’s No. 1 think tank.

This year marks the 20th anniversary of the Index of Economic Freedom. With its user friendly format and straight-forward analysis, readers can track up to two decades of advancement in economic freedom, prosperity, and opportunity.

The Index covers 10 freedoms – from property rights to entrepreneurship – in 186 countries."

Argentina is # 166 of the 186 ranked countries.

http://www.heritage.org/index/ranking

Argentina's economy is a mess, but the world's No. 1 Wingnut Apologists are not the most credible source on the topic.
 

internationalguy

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From Steve's link (clicking on Argentina). I think it makes a lot of sense. It's sad.

[background=rgb(247, 252, 253)][indent=3.9]Argentina’s economic freedom score is 44.6, making its economy the 166th freest in the 2014 Index. Its overall score has decreased by 2.1 points, reflecting substantial declines in investment freedom, business freedom, labor freedom, and the management of government spending. Argentina ranks 27th out of 29 countries in the South and Central America/Caribbean region, and its overall score is far below the regional and world averages.[/background][/indent]
[background=rgb(247, 252, 253)][indent=3.9]Over the 20-year history of the Index, Argentina’s economic freedom has plunged to “repressed” status. With its overall score dropping by 23.4 points, the once “mostly free” economy has registered the second most severe score decline since the Index began measuring economic freedom. Eight of the 10 economic freedoms have deteriorated because of policies that include harsh capital controls, price fixing, restrictions on imports, and a series of nationalizations.[/background][/indent]
[background=rgb(247, 252, 253)][indent=3.9]The state’s interference in the Argentine economy has grown substantially since 2003, accelerating the erosion of economic freedom. Institutional shortcomings continue to undermine the foundations for lasting economic development. The judicial system has become more vulnerable to political interference, and corruption is prevalent. Regulatory pressure on the private sector has continued to rise, with populist spending measures and price controls further distorting markets.[/background][/indent]
 

steveinbsas

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Argentina's economy is a mess, but the world's No. 1 Wingnut Apologists are not the most credible source on the topic.

I'm sure the liberty loving loonies at the Heritage Foundation were just "out to get" Argentina and the index is totally biased to accomplish their evil purpose of discrediting socialism.
 

ajoknoblauch

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I'm sure the liberty loving loonies at the Heritage Foundation were just "out to get" Argentina and the index is totally biased to accomplish their evil purpose of discrediting socialism.

They're all Aynies terrified that someday the US will have a more equitable tax system.
 

ElQueso

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Argentina's economy isn't the only thing that's a mess here. I think it's pretty accurate, personally, given what I know of certain countries and where they're rated.

And for an organization who is supposed ONLY a "wingnut apologist", seems like they located the US pretty well, too, without a whole lot of bias, even showing it on the downward trend. They even put the beginning of its greatest decline in freedom during Bush's years.
 

AdrianB1983

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I can't believe someone can take that list seriously! No way Argentina is at 166.
 

AdrianB1983

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From Steve's link (clicking on Argentina). I think it makes a lot of sense. It's sad.

9]Argentina’s economic freedom score is 44.6, making its economy the 166th freest in the 2014 Index. Its overall score has decreased by 2.1 points, reflecting substantial declines in investment freedom, business freedom, labor freedom, and the management of government spending. Argentina ranks 27th out of 29 countries in the South and Central America/Caribbean region, and its overall score is far below the regional and world averages.​
[font=Open Sans'][background=rgb(247, 252, 253)]9]Over the 20-year history of the Index, Argentina’s economic freedom has plunged to “repressed” status. With its overall score dropping by 23.4 points, the once “mostly free” economy has registered the second most severe score decline since the Index began measuring economic freedom. Eight of the 10 economic freedoms have deteriorated because of policies that include harsh capital controls, price fixing, restrictions on imports, and a series of nationalizations.[/background][/font]
[font=Open Sans'][background=rgb(247, 252, 253)][font=Open Sans'][background=rgb(247, 252, 253)]9]The state’s interference in the Argentine economy has grown substantially since 2003, accelerating the erosion of economic freedom. Institutional shortcomings continue to undermine the foundations for lasting economic development. The judicial system has become more vulnerable to political interference, and corruption is prevalent. Regulatory pressure on the private sector has continued to rise, with populist spending measures and price controls further distorting markets.[/background][/font][/background][/font]
[font=Open Sans'][background=rgb(247, 252, 253)][font=Open Sans'][background=rgb(247, 252, 253)]
[/background][/font][/background][/font]


oh wait! So we were mostly free in the 90s? After reading that it's great we are not free now! I hope next year we are 180.
 
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