The Economic Freedom of the World Report, published by independent think-tank, Fraser Institute, has ranked the Sultanate of Oman as the world's 18th most economically free country and second in the Arab world after the United Arab Emirates (UAE).
Special International Guest Speaker at the CxO conference, Fred McMahon, Director of Globalization Studies and Manager of the Economic Freedom report at the Fraser Institute will discuss how the Sultanate can climb the rankings and explain why it should want to take these steps. “Economic freedom is the extent to which one can pursue economic activity without interference from government. Economic freedom is built upon personal choice, voluntary exchange, the right to keep what you earn, and the security of your property rights'” explained the Institute.
Internationally, Hong Kong retains the highest rating for economic freedom, closely followed by Singapore, the United States, New Zealand and the United Kingdom. The rankings of other large economies are Japan 26, Germany 20, Italy 35, France 44, Mexico 69, China 100, India 73, Brazil 82 and Russia, 112. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
