China and India - Economic Freedom
The Fraser Institute’s Economic Freedom of the World index, which rates 141 countries on how well they provide an environment for the private sector to conduct business efficiently, effectively and profitably is a good guide to the business climate of a country.
According to the Index, the rapid growth of China and India in recent years has come as both countries have made significant gains in economic freedom, reflecting the broad shift away from closed, state-dominated systems. In addition to an overall score, Fraser ranks countries on five measures—freedom to trade internationally; size of government; access to sound money; legal structure and security of property rights; and regulation of business and labor.
Source: http://www.dallasfed.org/research/eclett/2008/el0808.html
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