|
|
Taiwan dropped in the economic freedom index
According
to the Economic Freedom of the World: 2000 Annual Report released
on Monday, Taiwan sharply down from the 29th place to the 51st
place in economic freedom among 123 countries polled.
The economic freedom index is based on 23 components designed to
identify the consistency of institutional arrangements and
policies with economic freedom in seven major areas: size of
government, economic structure and use of markets, monetary
policy and price stability, freedom to use alternative
currencies, legal structure and security of private ownership,
freedom to trade with foreigners, and freedom of exchange in
capital markets.
Taiwan
has got high scores in most areas, but has low score in Structure
of the Economy and Use of Markets and Freedom of Exchange in
Capital and Financial Markets. Because of the heavy use of
government-owned enterprises, price controls and conscription,
that generated a very low scores and resulted in the place of
Taiwan dropped down.
Published: January 12,
2000
Source: Taiwan Headlines