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ARMENIA 39TH IN 2012 HERITAGE FOUNDATION INDEX OF ECONOMIC FREEDOM.
Tert.am
12.01.12
The US-based Heritage Foundation, in cooperation with the Wall Street
Journal, has published the 2012 Index of Economic Freedom.
According to the Country Rankings, Armenian ranks 39th, being a
"moderately free" economy, with a score of 68.8.
"Armenia's economic freedom score is 68.8, making its economy the
39th freest in the 2012 Index. Its overall score has decreased by
0.9 point from last year, reflecting worsened scores in freedom
from corruption, government spending, and monetary freedom. Armenia
is ranked 19th freest among the 43 countries in the Europe region,
and its score puts it above the world and regional averages.
"Following considerable liberalization and economic transformation
over the past decade, Armenia demonstrated a moderate degree of
resilience during the recent global economic slowdown. The overall
regulatory framework remains efficient, facilitated by streamlined
business procedures and competitive tax rates. Policies that support
open markets are firmly in place, making the country's investment
and trade regimes competitive.
"Although the country performs relatively well in many of the four
pillars of economic freedom, the foundations of economic freedom are
not strongly sustained by a strong and independent judiciary.
Lingering corruption further undermines opportunities for more
vibrant and lasting economic development. Government spending has
been expansionary in recent years, eroding limits on government,"
the Armenia-related section reads.
Tert.am
12.01.12
The US-based Heritage Foundation, in cooperation with the Wall Street
Journal, has published the 2012 Index of Economic Freedom.
According to the Country Rankings, Armenian ranks 39th, being a
"moderately free" economy, with a score of 68.8.
"Armenia's economic freedom score is 68.8, making its economy the
39th freest in the 2012 Index. Its overall score has decreased by
0.9 point from last year, reflecting worsened scores in freedom
from corruption, government spending, and monetary freedom. Armenia
is ranked 19th freest among the 43 countries in the Europe region,
and its score puts it above the world and regional averages.
"Following considerable liberalization and economic transformation
over the past decade, Armenia demonstrated a moderate degree of
resilience during the recent global economic slowdown. The overall
regulatory framework remains efficient, facilitated by streamlined
business procedures and competitive tax rates. Policies that support
open markets are firmly in place, making the country's investment
and trade regimes competitive.
"Although the country performs relatively well in many of the four
pillars of economic freedom, the foundations of economic freedom are
not strongly sustained by a strong and independent judiciary.
Lingering corruption further undermines opportunities for more
vibrant and lasting economic development. Government spending has
been expansionary in recent years, eroding limits on government,"
the Armenia-related section reads.