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Wall Street Journal and Heritage Foundation rank Cape Verde’s economy among 50 freest in world

Article Date : Monday, January 16, 2006       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Cape Verde has been ranked Africa’s number two country in terms of economic freedom, following Botswana, by the Wall Street Journal and the Heritage Foundation. Cape Verde was also considered to have one of the 50 freest economies in the world.
Cape Verde has just been classified among the fifty countries with the highest level of economic freedom in the world, according to an evaluation by the Wall Street Journal and the Heritage Foundation in the United States. The two entities report annually on the progress of economic freedom in the world, using an international index that takes into account countries’ tax and fiscal systems, the regulation of their banking systems, their monetary policies, the state of law and other useful information.
Sub-Saharan Africa presents only five well-classified countries: Botswana, Cape Verde, South Africa, Madagascar and Uganda. In 2006, Cape Verde ranks second among these countries, a considerable jump in relation to the 23rd position it occupied in 2001.
On a world-wide level, Cape Verde leapt from 110th place in 2001 to 46th place in 2006, in a universe of 161 countries ranked, coming in slightly behind countries like France and Italy and in front of countries such as Greece, brazil, Mexico, South Africa, Argentina, Kuwait, Morocco, Tunisia and Paraguay.
The Wall Street Journal’s economic freedom índex, created some 12 years ago, has become in a highly respected source of information for investors, executives, politicians and scholars.
Article Source: A Semana Online
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