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10 Countries with Most Economic Freedom
By siliconindia
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Thursday, 03 November 2011, 00:57 IST |
1 Comments
6. Canada:
Canada is ranked 1st out of three countries in the North America region. The Canadian economy continues to sharpen its long-term competitiveness. Scoring high in many of the 10 economic freedoms, Canada performs particularly well in business freedom, financial freedom, property rights, and freedom from corruption. Straightforward regulations and the competitive tax regime facilitate entrepreneurial activity and lure dynamic investment. The corporate tax rate is scheduled to decline further to 15 percent in 2012. Canada's strong and stable democratic political system is currently led by Prime Minister Stephen Harper and a conservative minority government. With rich natural resources and strong manufacturing and high-technology sectors, it is one of the world's leading free-market economies and a major exporter of oil, minerals, automobiles, manufactured goods, and forest products. Nearly 75 percent of its exports are to the United States.
