2009 Index of Economic Freedom
In the region El Salvador is at the top (33 in overall ranking), followed by Costa Rica (46), Panama (55), Nicaragua (84), Guatemala (87), Dominican Rep. (88), and Honduras (91).
Wednesday, January 14, 2009
In a period of slowing economic growth in many parts of the world, popular pressure for governments to act to fix the situation can be enormous. In responding to such pressure, it is vital that leaders understand the real causes of negative economic developments and undertake actions that will fix them rather than exacerbate them. If intrusive government regulation has contributed to an economic problem, it is unlikely that still more government regulation will cure it. If excessive taxes have stifled investment and entrepreneurship, increasing tax rates is unlikely to spur economic growth. If the monetary supply has been too loose or credit too easily available, lowering interest rates is unlikely to be the magic fix the public demands.
The 2009 Index of Economic Freedom: El Salvador 33 in the world, Costa Rica 46, Panama 55, Nicaragua 84, Guatemala 87, Honduras 91.
The lower rating is the result of a larger sized government and more restrictions on foreign investment.
Negative aspects such as high state spending and discrimination in income tax payments led to points deductions.
In Central America, El Salvador leads (39 in the world), followed by Costa Rica (49), Panama (59), Guatemala (79), Nicaragua (98) and Honduras (99).
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