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World | Arab 22 | GCC 6

The index "Economic Freedom of the World" by Fraser Institute measures the degree to which the policies and institutions of countries are supportive of economic freedom. The cornerstones of economic freedom are personal choice, voluntary exchange, freedom to enter markets and compete, and security of the person and privately owned property. Forty-two data points are used to construct a summary index and to measure the degree of economic freedom in five broad areas: 1) size of government: expenditures, taxes, and enterprises; 2) legal structure and security of property rights; 3) access to sound money; 4) freedom to trade internationally; and 5) regulation of credit, labor, and business.

Source: Economic Freedom by Fraser Institute, 2014

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