Friday, January 25, 2008

Colombia and Kazakhstan Rank Highly on Wall Street Journal Index

On December 14, we shared an article on Kazakhstan's continuing economic growth. Today, more reports are showing a glimpse behind the curtain. How are Kazakhstan and other Children's Hope countries faring economically?

Last week the Heritage Foundation and the Wall Street Journal jointly released the Index of Economic Freedom. Children's Hope countries Colombia and Kazakhstan ranked highly, placing both countries in the "moderately free" category.

Colombia ranked 67th among the world ranked 157 economies; Kazakhstan ranked 76th. The “moderately free” category also includes Spain, France, Czech Republic, Israel, Italy, Portugal and Turkey.

Colombia's overall score increased 2.3 percentage points over last year, "reflecting improved scores in seven freedoms, including investment and monetary freedom". Kazakhstan's comprehensive score increased 1.4 percentage points over last year, reflecting a significant improvement in trade freedom. According to the Index report, the country is ranked 13th out of 30 countries in the Asia–Pacific region.

I hope you find the material interesting!


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