Economic Freedom Index: How free is Myanmar’s economy?
Economic Freedom Index
The Index of Economic Freedom is published annually by The Heritage Foundation, a Washington think tank. The Index covers 12 freedoms, which can be grouped into four broad categories:
- The rule of law (property rights, judicial effectiveness, and government integrity)
- Government size (tax burden, government spending, and fiscal health)
- Regulatory efficiency (business freedom, labor freedom, and monetary freedom)
- Market openness (trade freedom, investment freedom, and financial freedom)
Economic Freedom in Myanmar
Economic freedom in Myanmar has improved greatly after returning to democracy. It has moved from “Repressed” to “Mostly Unfree” group over the last three years.
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