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The prediction is based on the latest Economic Freedom Index (EFI) ranking, issued by the Economic Freedom Network, which is composed of institutes to promote market economy in the world, including the CFE in Korea.
The 2004 EFI ranking placed South Korea 31st among 123 countries in 2002, one notch down from 30 in 2001, scoring 7.1 out of 10.
''Despite the continued improvement in the nation’s economic freedom, a gauge for economic democracy, the nation’s ranking showed little advancement compared with 35th place in 1980,’’ CFE research fellow Choi Sung-no said.
''That means Korea has been slow to bring more freedom in economy compared with other nations,’’ he added.
Contrary to Korea’s stagnant place, the United Kingdom’s EFI ranking surged from 21st in 1980 to 3rd in 2002.
Countries that fell in the rankings are Japan, Germany and France.
''One of key reasons for stagnation in Korea’s EFI ranking is because of failure in improving economic freedom in the local economy, while raising levels of freedom for international businesses,’’ Choi pointed out.
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The 2002 index score of Korea is relatively higher, almost scoring 10 in international exchange (9.2), size of government (7.4) and freedom to trade internationally (7.2).
However, Korea scored poorly in the regulation of credit, labor and business areas, ranking 95th with a score of 5.3 among 123 countries.
Among sub-compartments of the regulation category, the index score for the regulation of labor fell to 3.9 in 2002 for third straight year, placing 78th.
''The EFI survey shows that economic growth tends to be in line with the levels of economic freedom, shown in the cases of the U.K., Ireland and New Zealand,’’ Choi said, urging Korea to improve economic freedom in the local economy through a bold deregulation drive.
In the 2002 EFI rankings, Hong Kong retained the highest rating for economic freedom, 8.7 of 10, closely followed by Singapore at 8.6. New Zealand, Switzerland, the U.K., and the United States tied for third with ratings of 8.2. The other top 10 nations are Australia, Canada, Ireland, and Luxembourg. The rankings of other large economies are Germany (22), Japan and Italy (36), France (44), Mexico (58), India (68), Brazil (74), China (90) and Russia (114).
Most of the lowest-ranking nations are from Africa, Latin America or former communist states.
NO. | 제 목 | ![]() |
등록일자 |
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274 | [보도] 자유경제 시스템 기업가 정신 계승 최승노 / 2004-08-09 |
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273 | [보도]무작위로 골라도 10%는 분식 채원배 / 2004-08-06 |
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272 | [보도] 자유기업원 교사이코데미아 개최 조선일보 / 2004-08-06 |
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271 | [방송] 책으로 보는 세상 한국경제TV / 2004-08-06 |
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270 | [보도] 자유기업원 교사 경제 강좌 중앙일보 / 2004-08-06 |
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269 | [방송] 분양가 공개논란, 어떻게 볼 것인가? 자유기업원 / 2004-08-02 |
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268 | [방송] 한국 경제 장기불황론, 어떻게 볼 것인가? 자유기업원 / 2004-08-02 |
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267 | [보도] 선생님들이 교사대상 경제교실 연다 이은정 / 2004-07-29 |
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266 | [보도] 교사동아리도 경제교육 나선다 엄남석 / 2004-07-29 |
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265 | [방송] 기업도시 건설 논란, 어떻게 볼 것인가? 자유기업원 / 2004-07-19 |
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264 | [사설] 세계 최고 수준의 시장규제 파인낸셜뉴스 / 2004-07-19 |
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263 | [News] Korea's Economic Freedom Ranking Flat Over 20 Years Seo Jee-yeon / 2004-07-16 |
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262 | [보도] 한국 경제자유도 세계 95위로 추락 조일훈 / 2004-07-16 |
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261 | [보도] 한국의 경제자유 세계 31위 이원재 / 2004-07-16 |
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260 | [보도] 경제자유지수 1단계 하락 123개국 중 31위 조형래 / 2004-07-16 |