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2012 Index of Economic Freedom HERITAGE.ORG/INDEX
Vietnam’s Performance
in the 2012 Index
James M. Roberts Research Fellow
The Heritage Foundation
Ho Chi Minh City, Vietnam
September 20-21, 2012
2012 Index of Economic Freedom HERITAGE.ORG/INDEX
“Fundamentally, there are only two ways of coordinating
the economic activities of millions. One is central direction
involving the use of coercion—the technique of…the modern
totalitarian state. The other is voluntary cooperation of
individuals—the technique of the marketplace.”
--Milton Friedman, Capitalism and Freedom
2012 Index of Economic Freedom HERITAGE.ORG/INDEX
Ten Economic Freedoms: World Averages
Rule of Law
Limited
Government
Regulatory
Efficiency
Open Markets
2012 Index of Economic Freedom HERITAGE.ORG/INDEX
Global Average Economic Freedom
57.6
57.1
57.3 57.2
57.5
58.1
59.2 59.2
59.6 59.6 59.6
59.9
60.1 60.2
59.5
59.4
59.7 59.5
1995 Index
2012 Index
2012 Index of Economic Freedom HERITAGE.ORG/INDEX
Growing Attention to Public Debt Burden
Quick Facts – Greece
2012 Index of Economic Freedom HERITAGE.ORG/INDEX
2012 Index of Economic Freedom HERITAGE.ORG/INDEX
Which Countries Enjoy the Most Economic Freedom?
2012 Index
1. Hong Kong
2. Singapore
3. Australia
4. New Zealand
5. Switzerland
6. Canada
7. Chile
8. Mauritius
9. Ireland
10. United States
2011 Index
1. Hong Kong
2. Singapore
3. Australia
4. New Zealand
5. Switzerland
6. Canada
7. Ireland
8. Denmark
9. United States
10. Bahrain
Least Free: North Korea, Zimbabwe, Cuba, Libya
2012 Index of Economic Freedom HERITAGE.ORG/INDEX
2012 Index of Economic Freedom HERITAGE.ORG/INDEX
One-Year Freedom Score Change
2012 Index of Economic Freedom HERITAGE.ORG/INDEX
2012 Index of Economic Freedom HERITAGE.ORG/INDEX
Economic Freedom is Key to Prosperity
Correlation: 0.65 R² = 0.42
$100
$1,000
$10,000
$100,000
20 30 40 50 60 70 80 90 100
Economic Freedom
Hong Kong
2012 Index of Economic Freedom HERITAGE.ORG/INDEX
2012 Index of Economic Freedom HERITAGE.ORG/INDEX
Economic Freedom Promotes Growth and Reduces Poverty
2012 Index of Economic Freedom HERITAGE.ORG/INDEX
Economic Freedom Increases Entrepreneurship and Job Opportunities
Correlation: 0.76 R² = 0.58
1
21
41
61
81
101
121
1 21 41 61 81 101 121 141 161
Rank in Legatum’s Entrepreneurship and Opportunity Sub-Index
2012 Index of Economic Freedom Rank
Hong Kong
2012 Index of Economic Freedom HERITAGE.ORG/INDEX
Economic Freedom Promotes a Clean Environment
74.4
69.3
62.0
53.0 51.5
Free Mostly Free Moderately Free Mostly Unfree Repressed
Economic Freedom
Correlation: 0.47
Average Score of the Environmental Performance Index
2012 Index of Economic Freedom HERITAGE.ORG/INDEX
2012 Index of Economic Freedom HERITAGE.ORG/INDEX
Economic Freedom Over the Last Ten Years
35.0
40.0
45.0
50.0
55.0
60.0
65.0
70.0
75.0
Sc
ore
Year
2003-2012 Index of Economic Freedom Scores
Philippines, The Thailand
Laos
Vietnam
Cambodia
Indonesia
Myanmar
Malaysia
2012 Index of Economic Freedom HERITAGE.ORG/INDEX
Economic Freedom in Vietnam
2012 Index of Economic Freedom HERITAGE.ORG/INDEX
2012 Index of Economic Freedom HERITAGE.ORG/INDEX
For More Information Visit
www.heritage.org/Index
Thank You!