In the ranking of economic freedom Index of Economic Freedom (2010), compiled by the Institute Heritage Foundation, Ukraine dropped from 152 th to 162 th place among 179 countries.

Because of the global crisis, which forced many governments to actively intervene in the financial processes, the economies of most regions of the world has become less friendly to business representatives. Average global index of economic freedom, is calculated Institute Heritage Foundation, has ceased to grow and sank last year to 0.1 points - to 59.4.

Index of Economic Freedom is based on the arithmetic average in 10 categories: business freedom, trade freedom, fiscal freedom, government expenditure, monetary freedom, investment openness, financial freedom, property rights, freedom from corruption and labor freedom. The maximum possible value - 100; it means the absence of administrative pressure on business.

Contributor Rating named 2009 changeable and at times a nightmare period for economic freedom. Many of the major economies, including China, Britain and the United States, have become more regulated as a result of unsuccessful attempts to spend money to resolve the crisis.

According to experts, because the level of economic freedom is directly proportional to the welfare of citizens, his fall a threat to global recovery from the crisis and can degrade the quality of life.

“If regulatory policy of the United States does not improve in the coming years, I think we will see a long recession in the U.S., which will have a material adverse effect on the world economy as a whole”, - warned in yesterday”s press release, Director of the Heritage Foundation Teddy Miller .

as an example to be emulated by experts lead Hong Kong, which for 16 years in a row is assigned the highest index of economic freedom (89.7 points). Second place in the rating as 16 years in a row holds Singapore (86,1). In the top ten leaders in 2010 also led Australia, New Zealand, Ireland, Switzerland, Canada, USA, Denmark and Chile.

country with the lowest economic freedom recognized by North Korea (only 1 point), Zimbabwe (21.4), Cuba (26.7), Zambia (35.3) and Burma (36.7). Ukraine with an index of 46.4 showed the worst result among the 43 countries of the European region and took the last place among the CIS countries, ahead only Turkmenistan.

Ukraine in the Heritage Foundation rating drops fifth consecutive1000year. Over the past year in this country dropped eight of the ten freedoms. With decreasing number of tariff rates and entry into the World Trade Organization, in Ukraine has become a little more trade and tax freedom. Ratings for all other indices have collapsed.

“Progress on the issue of privatization and attracting foreign investment in 2009 has been slow. Regulatory and legal framework remain inefficient and cumbersome. Bureaucratic obstacles complicate many commercial transactions and business creation. The judicial system lacks independence and authority, and legal procedures generally corrupt “, is described in the study of the situation in Ukraine.

hardest situation worsened in the field of investment openness index is for the year fell from 49 to 20, and relatively free from corruption, for which the score fell from 40.5 to 25. Author Rating Index of Economic Freedom (2010) argue that in Ukraine because of bureaucratic barriers to foreign investors are not available, many sectors of the economy, and contracting with them is not always protected by the judicial system.

In addition, foreign investors appalling corruption, which according to the Heritage Foundation, has spread to all sectors of society and levels of government, and also penetrated into all spheres of economic activity.

According to international observers, the low wages in the Ukrainian public sector particularly hard fuel this attack in the local administrative centers, such as traffic police and tax administration.

Denis Zakiyanov

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