Lower level of economic freedom could be considered one of the reasons behind Nepal’s inability to catch up with other emerging markets as they are experiencing higher levels of economic growth owing to reforms that make it easier to trade and do business. The Fraser Institute, Canada’s top ranked think tank, produces the annual Economic Freedom of the World report in cooperation with the Economic Freedom Network, a group of independent research and educational institutes in nearly 90 nations and territories. Samriddhi, The Prosperity Foundation is one of the co-publishing institutes and has been a member of the Economic Freedom Network for the last 8 years. The report is the world’s premier measurement of economic freedom, using 42 distinct variables to create an index, ranking countries based on economic freedom, which is measured in five areas: size of government, legal structure and security of property rights, access to sound money, freedom to trade internationally, and regulation of credit, labour and business. Watch the coverage done by Aveneues television for the report releases in 2012 and 2013. Read what we have written about economic freedom in the past, including the Top 3 reasons why economic freedom matters for Nepal.
