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10 Countries with Most Economic Freedom
By siliconindia
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Thursday, 03 November 2011, 00:59 IST |
1 Comments
8. United Kingdom:
A dramatic expansion of government intervention has taken place in the U.K. in response to the global financial and economic crisis. The government has nationalized or seized ownership positions in some of the major banks. Public finance has deteriorated markedly. Newly elected Conservative Prime Minister David Cameron's coalition government has unveiled a series of major austerity measures designed to stem the loss of economic freedom. Proposed spending cuts are an encouraging first step toward reforming the bloated public sector and the costly welfare system, but policies conducive to private-sector investment will be critical to reviving vibrant economic expansion and job creation.
