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According to Economic Freedom Network, individuals have economic freedom when “property they acquire without the use of force, fraud, or theft is protected from physical invasions by others and they are free to use, exchange, or give property as long as their actions do not violate the identical rights of others.”
On that basis, freer economies are known to have higher incomes, longer life expectancies, lower infant mortality rates, greater literacy, and more civil and political liberties – factors that directly affect standards of living.
How much economic freedom exists in your country?
While Sub-Saharan Africa is expected to see economic growth of 5 percent in 2013, and 6 percent in 2014, South Africa's growth expectations are far less robust at 2 percent and 2.95 percent respectively. Why is the continent’s largest economy lagging behind its neighbours? Read more
Stephen S. Roach,
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