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Ranking China

Dec 8, 2009 • Thinking Economically • 208 Views    No Comments

Look at your dining table or your clothing and you might see “Made in China”. Thinking of all they are producing, a market economy might come to mind. Next, though, take a look at the Index of Economic Freedom at:
http://www.heritage.org/Index/Ranking.aspx
China is ranked lower than some might expect. The link that explains why they fared so poorly takes you to their lack of property rights and investment freedom. Interestingly, they score higher on monetary and fiscal freedom. Also (and predictably), they have relatively more “trading freedoms”.

Econ Connection
What to produce, how to produce (land, labor, capital), and who receives the returns are the three basic questions all economies answer.

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