Countries that have adopted liberal reforms and substantially increased their economic freedom rating in recent years

Question

Quizplus · Accepted Answer

Countries that have adopted liberal reforms and increased their economic freedom rating have achieved impressive growth rates of real GDP per person during 1995-2009. This is because liberal reforms, including free trade, deregulation, and privatization, have been associated with economic growth and development. As a result, these countries have seen an increase in foreign investment and trade, leading to higher incomes and increased economic activity.

Countries That Have Adopted Liberal Reforms and Substantially Increased Their