Roadmap to Economic Freedom and Economic Reforms5. Economic Freedom in the Arab World Conference

Cairo, Marriott Hotel ZamalekNovember 1-2, 2010

Economic Reform and Economic Freedom in Western Europe:

Facts and Comments from a liberal perspective

Dr. Detmar DoeringLiberal Institute of the Friedrich-Naumann-Foundation for Liberty

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Aust

ria

Belgi

um

Bulga

ria

Cypr

us

Czec

h Re

publ

ic

Denm

ark

Esto

nia

Finlan

d

Fran

ce

Germ

any

Gree

ce

Hung

ary

Irelan

d

Italy

Latv

ia

Lithu

ania

Luxe

mbu

rg

Malta

Neth

erla

nds

Polan

d

Portu

gal

Rom

ania

Slov

akia

Slov

enia

Spain

Swed

en

Unite

d Ki

ngdo

m

World

ave

rage

EF-rating EU

EF-rating world average

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3

4

5

6

7

8

9

Rom

ania

Slo

veni

a

Ital

y

Cze

ch R

epub

lic

Pol

and

Gre

ece

Latv

ia

Lith

uani

a

Mal

ta

Por

tuga

l

Bel

gium

Bul

garia

Spa

in

Fra

nce

Sw

eden

Hun

gary

Net

herla

nds

Ger

man

y

Cyp

rus

Luxe

mbu

rg

Fin

land

Slo

vaki

a

Aus

tria

Est

onia

Irel

and

Den

mar

k

Uni

ted

Kin

gdom

Wor

ld a

vera

ge

EF-rating EU

EF-rating world average

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1

2

3

4

5

6

7

8

1980

1985

1990

1995

2000

2005

2007

2008

World average rating

EU average rating

"OldEurope" average

"New Europe"average since 1995

Economic Freedom since 1980

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20

40

60

80

100

120

140

1980 1985 1990 1995 2000 2005 2007 2008

United Kingdom

Germany

France

Greece

Italy

Estonia

Romania

Ranking compared….

6,02

8,37 8,56

7,637,89

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1

2

3

4

5

6

7

8

9

Size ofGov't

LegalSystem

SoundMoney

Freedom totrade

Regulation

Rating/Areas

United Kingdom: Strengths and Weaknesses

5,64

8,17

9,51

7,7

6,25

0

1

2

3

4

5

6

7

8

9

10

Size ofGov't

LegalSystem

SoundMoney

Freedom totrade

Regulation

Rating/Areas

Germany: Strengths and Weaknesses

5,43

6,26

8,91

7,37,01

0

1

2

3

4

5

6

7

8

9

10

Size ofGov't

LegalSystem

SoundMoney

Freedom totrade

Regulation

Rating/Areas

France: Strengths and Weaknesses

6,76,14

9,6

6,395,91

0

2

4

6

8

10

12

Size ofGov't

LegalSystem

SoundMoney

Freedom totrade

Regulation

Rating/Areas

Greece: Strengths and Weaknesses

5,71 5,67

9,48

7,11

5,77

0

1

2

3

4

5

6

7

8

9

10

Size ofGov't

LegalSystem

SoundMoney

Freedom totrade

Regulation

Rating/Areas

Italy: Strengths and Weaknesses

6,797,21

9,08

7,957,62

0

1

2

3

4

5

6

7

8

9

10

Size ofGov't

LegalSystem

SoundMoney

Freedom totrade

Regulation

Rating/Areas

Estonia: Strengths and Weaknesses

4,64

5,86

8,24

7,43

6,72

0

1

2

3

4

5

6

7

8

9

Size ofGov't

LegalSystem

SoundMoney

Freedom totrade

Regulation

Rating/Areas

Romania: Strengths and Weaknesses

0

2

4

6

8

10

12

Size of Gov't Legal System Sound Money Freedom totrade

Regulation

1980

1985

1990

1995

2000

2005

2007

2008

UK: Strengths and Weaknesses in Historical Perspective

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2

4

6

8

10

12

Size of Gov't Legal System Sound Money Freedom totrade

Regulation

1980

1985

1990

1995

2000

2005

2007

2008

Italy: Strengths and Weaknesses in Historical Perspective

-20

-15

-10

-5

0

5

EU

27

"Old

Eu

rop

e"

"Ne

wE

uro

pe

"

Ma

lta

Ire

lan

d

Po

lan

d

La

tvia

Growth rate in %(2009)

-4,2 -4,08 -8,4 -2,1 -7,6 -18

1,7

European Growth rates

-6,65

-4,83 -4,77

-6,13

-5,52

-7

-6

-5

-4

-3

-2

-1

0

most free most freewithoutEstonia

2ndquartile

3rdquartile

unfree

Growth rates in %(2009)

Säule 3

Economic Freedom and Growth in Europe

-7

-6

-5

-4

-3

-2

-1

0

most free 2 least free

Growth rate in %(2009)

Economic Freedom and Growth in Europe II

… but we love freedom!

That‘s all!