… is out now. Find India:
I’ve taken the table from Mary Anastasia O’Grady’s comment in the Wall Street Journal, in which she explains:
[T]he evidence is piling up that neither government nor multilateral spending on education and infrastructure are key to development. To move out of poverty, countries instead need fast growth; and to get that they need to unleash the animal spirits of entrepreneurs.
[…]
The nearby table shows the 2008 rankings but doesn’t tell the whole story. The Index also reports that the freest 20% of the world’s economies have twice the per capita income of those in the second quintile and five times that of the least-free 20%. In other words, freedom and prosperity are highly correlated.
It really is no surprise why India is still a poor country, is it?
(O’Grady link via Cafe Hayek.)