Economic Freedom of the World: 2002 Annual Report

by James D. Gwartney, Chris Edwards, Robert A. Lawson

This is the sixth edition of Economic Freedom of the World. It rates and ranks 123 nations for 2000, the most recent year for which data are available. The key ingredients of economic freedom are personal choice, voluntary exchange, freedom to compete, and protection of person and properity. Economic freedom continues to gain ground around the world. Based on the 10-point scale of this index, the average economic freedom rating was 6.39 for 2000, up from 5.99 in 1995. Economic freedom decreased through the 1970s, falling from 5.98 in 1970 to 5.32 in 1980. It has been on the rise since then.

Genres: Economics, Nonfiction

183 pages, Paperback

First published January 1, 1996

About the author

James D. Gwartney holds the Gus A. Stavros Eminent Scholar Chair at Florida State University, where he directs the Stavros Center for the Advancement of Free Enterprise and Economic Education. He is the coauthor of Economics: Private and Public Choice, (South-Western Press, 2008), a widely used principles of economics text that is now in its 12th edition. He is also the co-author of Common Sense Economics: What Everyone Should Know About Wealth and Prosperity (St. Martin's Press, 2005), a primer on economics and personal finance designed for the interested lay person. His publications have appeared in both professional journals and popular media such as the Wall Street Journal, and the New York Times. His Ph.D. in economics is from the University of Washington.

His current research focuses on the measurement and determination of factors that influence cross-country differences in income levels and growth rates. In this regard, he is the senior researcher responsible for the preparation of the annual report, Economic Freedom of the World, which provides information on the institutions and policies of 140 countries. This data set, published by a worldwide network of institutes in 70 countries, is widely used by scholars investigating topics ranging from economic growth to peaceful relations among nations. During 1999-2000, he served as Chief Economist of the Joint Economic Committee of the U. S. Congress. He was invited by the incoming Putin Administration in March 2000 to make presentations and have discussions with leading Russian economists concerning the future of the Russian economy. In 2004 he was the recipient of the Adam Smith Award of the Association of Private Enterprise Education for his contribution to the advancement of free market ideals. He is the current President of the Southern Economic Association.