10 Countries with Most Economic Freedom

By siliconindia   |   Thursday, 03 November 2011, 00:58 IST
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7. Chile:
Chile
The Chilean economy has demonstrated great resilience in coping with the global economic downturn and the February 2010 earthquake. With openness to global trade and investment firmly established, economic recovery has resumed at a steady pace, and the earthquake caused only a transitory dip in Chile's healthy economic growth. Chile's dynamic economy has long reflected a solid commitment to economic freedom. Chile has pursued free trade agreements with countries around the world. The financial system remains stable, and prudent regulations allowed banks to withstand the global financial turmoil with little disruption. Other institutional strengths include sound public finance management and strong protection of property rights. There is room for improvement in business and labor freedom.