Episode 16: Economic Freedom and Development



Episode #016
(25:05 min 23.5MB)
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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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