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Figure 2.15 Economic Freedom and Income
The horizontal axis shows the degree of economic freedom—“free,”
“mostly free,” “mostly unfree,” and “repressed”—according to the
measures used by the Heritage Foundation and The Wall Street
Journal. The graph shows the relationship between economic freedom
and per capita income. Countries with higher degrees of economic
freedom tended to have higher per capita incomes.
Source: World Bank, World Development Indicators Online, available
by subscription atwww.worldbank.org/data; Central Intelligence
Agency, The World Factbook 2004, available
at />for the following countries: Bahamas, Burma, Cuba, Cyprus, Equatorial
Guinea, North Korea, Libya, Qatar, Suriname, Taiwan, Zimbabwe;
Marc A. Miles, Edwin J. Feulner, and Mary Anastasia O’Grady, 2005
Index of Economic Freedom (Washington, D.C.: The Heritage
Foundation and Dow Jones & Company, Inc., 2005),
at www.heritage.org/index.
Attributed to Libby Rittenberg and Timothy Tregarthen
Saylor URL: />
Saylor.org
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