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The Wall Street Journal and Heritage Foundation recently released their annual study on economic freedom, which evaluates and ranks the economic freedom of 162 nations. Here is the page for the new study; here are the rankings.

Note that the study is not only cool for its rankings, but it is also an excellent resource for macroeconomic statistics and government policy of any nation in the world.

As for the countries, year in and year out, Hong Kong remains at the top of the list, often with Singapore in second. The US and the world’s other English-speaking powers are also prominent. Here is the top 10:

 1. Hong Kong

2. Singapore

3. Ireland

4. Australia

5. United States of America

6. New Zealand

7. Canada

8. Chile

9. Switzerland

10. United Kingdom

And here are the bottom ten:

10. Venezuela

9. Bangladesh

8. Belarus

7. Iran

6. Turkmenistan

5. Burma

4. Libya

3. Zimbabwe

2. Cuba

1. North Korea

And also note that countries in chaos–as if the last ten weren’t in their own chaos–were not part of the ranking (i.e. Sudan, Iraq, Congo, et al).

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The 2008 Index of Economic Freedom by New School Politics, unless otherwise expressly stated, is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License.