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10 Countries with Most Economic Freedom
By siliconindia
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Thursday, 03 November 2011, 01:00 IST |
1 Comments
9. Mauritius:
Mauritius is ranked 1st out of 46 countries in the Sub-Saharan African region, and its overall score is well above the world average.Mauritius is a regional leader in economic freedom. Efficient and transparent regulations underpin its status as one of the world's 20 freest economies and support broad-based economic development. Competitive tax rates and relatively flexible labor regulations promote innovative private-sector growth. While privatization of state-owned monopolies has stalled, the state does not play an overwhelming role in the economy, minimizing the drag on dynamic business activity. Corruption, the bane of many other countries in the region, is relatively low. Public financial management is generally sound. Public debt, at 60 percent of GDP, is nearly all held by the National Pensions Fund and commercial banks.
