\n[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.<\/p>\n
[…]<\/p>\n
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.<\/p>\n<\/blockquote>\n
It really is no surprise why India is still a poor country, is it?<\/p>\n
(O’Grady link via Cafe Hayek<\/a>.)<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,9,3],"tags":[],"yoast_head":"\nThe 2008 Index of Economic Freedom\u2026 - India Uncut<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indiauncut.com\/the-2008-index-of-economic-freedom\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The 2008 Index of Economic Freedom\u2026 - India Uncut\" \/>\n<meta property=\"og:description\" content=\"... is out now. Find India: [embedded image] 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? 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![\"image\"](\"\/uploads\/images\/2008-index-economic-freedom.gif\")
<\/span><\/p>\n