Economic freedom lost ground: Heritage Foundation

Economic freedom lost ground last year in South and Central America and the Caribbean, pulling the region from third down to fourth among six in the world.

On the plus side, the region’s 29 economies measured in the 2013 Index of Economic Freedom, published annually by The Wall Street Journal and The Heritage Foundation, continued the previous year’s trend of better than average scores in fiscal freedom and monetary freedom.

Index editors singled out Colombia for its gain of 1.6 points, calling it a prime example of a nation that “turned the global economic crisis into an opportunity to upgrade its economic system.”

Source: The Heritage Foundation