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Economic
Freedom and Development
Wednesday,
10 October 2007
Alexandra Cuyegkeng and Siegfried Herzog discuss
the Foundation’s, the Foundation for Economic
Freedom’s (FEF) and Center
for Research and Communication (CRC)’
s launch of the first Philippine edition of the
Economic
Freedom of the World 2007 report. This
is an annual report that discusses the degree of
economic freedom around the world based on a composite
Index that includes: size of government, legal structure
and security of property rights, access to sound
money, freedom to trade internationally and regulation
of credit, labor and business in 141 nations.
This episode includes the observations of Dr.
Emilio Antonio Jr., president of CRC, on personal
responsibility as a key driver of economic growth.
It also contains FEF president and Philippine
Star columnist, Alex Magno’s analysis
on the Philippines’ ranking in the Index.
Siegfried also discusses the relationship between
economic freedom and development, pointing out
that the Index shows strong positive relationships
between economic freedom and general well-being.
The music is provided by Dieter
Bachmann.
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