Episode 34: Measuring Economic Freedom


Episode #034
(8:18 min 12.7MB)
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Excerpts from the speech of Senator Manuel “MAR” Roxas II, Liberal Party president, at the September launch of the Philippine edition of the Economic Freedom of the World (EFW): 2008 Report. He explains that economic freedom is based on property rights. When these are protected by law, Filipinos are free to produce and trade goods. Unfortunately, the country’s ungainly laws and inefficient judicial system restrain it from moving forward.

The EFW report is a valuable tool in measuring the impact of economic freedom on the lives of Filipinos. It presents solid data linking it and growth, prosperity and social development. However, the report cannot resolve our challenges for us. It can merely inform and warn us that the need for better governance exists.

For more information on the Philippine edition of the EFW 2008 report, please click here.

The music is provided by Dieter Bachmann.

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