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Economic freedom of the world is declining


Economic freedom around the world fell for the first time in decades, according to the Economic Freedom of the World: 2010 Annual Report, released by the Cato Institute in conjunction with the Fraser Institute of Canada. In this year’s index, Hong Kong retains the highest rating for economic freedom, followed by Singapore, New Zealand, Switzerland, Chile, the United States, Canada, Australia, Mauritius, and the United Kingdom.

This year’s report also contains new research showing the impact of economic freedom on unemployment rates and homicides.

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