I’m still at Kaula Lumpur .Attended the first day of the Economic Freedom Network Conference. The conference will conclude tomorrow.
There are a number of interesting things being discussed here but I’ll get to those later. What was more interesting was that the 2006 Economic Freedom of the World Report was launched here today.
This report studies data from 130 countries under five heads and gives them a rank according to the degree of economic freedom . There are only two such indices. One is this one published by the Fraser Institute ,Canada and the other is done by the Heritage Foundation. The five areas that it looks at are :
- Size of government
- Legal structure
- Access to sound money
- Freedom to exchange with foreigners
- Regulation of credit, labor and business.
I don’t know if I can say how Pakistan fared.
It improved slightly on the rule of law from last year but it is still looks sad… a rank of 2.3 .On Freedom to Trade , the score remained the same.
So why am I not labelling it bad ?
Well because data shows that there has been quite an improvement in the tax structure and starting a new business is far easier today. So there is some good news. Ofcourse on other rankings like legal structures and framework Pakistan needs to do more.
And oh … I was ashamed to hear Robert Lawson , the guy behind the report say ,“ The black market rate has disappeared from most of the world except Pakistan and Mongloia.”
Pakistan has more to offer than a black market. So why are’nt we offering?
September 13, 2006 at 3:32 pm |
and i thought i will have a concluding view of the conference? is The individual lost ???
September 27, 2008 at 8:07 am |
hi
i m very worried about our economic stage
October 21, 2008 at 6:32 am |
sir this is good to know thses facts but isn’t there any theoary presented to make improvments in these fiures or ideas should be promoted to raise thses figures high
young students should be consulted for this purpose
October 19, 2009 at 6:14 am |
I visited this sight for the first time and I found it test but I would like to add that currently we are living in the era of IT but unfortunately more than half of world population is illiterate. Out of those a few are computer and internet familiar so the target market for internet marketing is niche. Therefore the developed nations should promote education as well as computer literacy in these developing areas so the target market can be increased in future.