1 Economic Freedom,the Poor, and Inequality. 2 Human Poverty Index, 2001, and Economic Freedom...
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Transcript of 1 Economic Freedom,the Poor, and Inequality. 2 Human Poverty Index, 2001, and Economic Freedom...
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Economic Freedom,the Poor, andEconomic Freedom,the Poor, andInequalityInequality
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Human Poverty Index, 2001, and Human Poverty Index, 2001, and Economic Freedom QuintileEconomic Freedom Quintile
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Hu
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Top Quintile
Least Free …………..…. Most FreeLeast Free …………..…. Most FreeSources: The Fraser Institute; United Nations Development Programmme, Human Development Indicators 2003 (Online), http://hdr.undp.org/reports/global/2003/indicator/index.html
(accessed on June 16, 2004).
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Income Inequality, 1998-2002Income Inequality, 1998-2002
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Poorest 20% 2nd 20% 3rd 20% 4th 20% Richest 20%
Least Free …….. Most Free Least Free …….. Most Free
Percent of income accruing to thePercent of income accruing to the
Sources: The Fraser Institute; The World Bank, World Development Indicators 2004Sources: The Fraser Institute; The World Bank, World Development Indicators 2004
(Online).(Online).
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Income Share of the Poorest Income Share of the Poorest 10% and Economic Freedom10% and Economic Freedom
0.0
0.5
1.0
1.5
2.0
2.5
3.0
Inco
me S
hare
Held
by
Lo
west
10%
, 1997-2
002
BottomQuintile
FourthQuintile
ThirdQuintile
SecondQuintile
TopQuintile
Least Free …….. Most FreeLeast Free …….. Most Free
Sources: The Fraser Institute; The World Bank, World Development Indicators 2004Sources: The Fraser Institute; The World Bank, World Development Indicators 2004(Online).(Online).
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Per Capita Income of Poorest 10% Per Capita Income of Poorest 10% and Economic Freedomand Economic Freedom
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
Bottom Quintile Fourth Quintile Third Quintile Second Quintile Top Quintile
0.0
0.5
1.0
1.5
2.0
2.5
3.0
Income of the lowest 10%, 1997-2002
Income share held by lowest 10%, 1997-2002
Least Free …….. Most Free Least Free …….. Most Free Sources: The Fraser Institute; The World Bank, World Development Indicators 2004Sources: The Fraser Institute; The World Bank, World Development Indicators 2004
(Online).(Online).
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Economic Freedom, Economic Freedom, Other Freedoms and Other Freedoms and DemocracyDemocracy
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Economic Freedom Versus CorruptionEconomic Freedom Versus Corruption10 =highly corrupt and 0 =highly clean10 =highly corrupt and 0 =highly clean
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Co
rru
pti
on
Ra
tin
g
(o
ut
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)
BottomQuintile
FourthQuintile
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SecondQuintile
Top Quintile
Least Free ………….. Most FreeLeast Free ………….. Most Free Sources: The Fraser Institute; Transparency International, Corruption Sources: The Fraser Institute; Transparency International, Corruption Perceptions Index 2003 (Online).Perceptions Index 2003 (Online).
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Political Stability and Economic Political Stability and Economic Freedom QuintileFreedom Quintile
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Bottom 20% 2nd Quintile 3rd Quintile 4th Quintile Top 20%
Least Free ………..… Most FreeLeast Free ………..… Most Free
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Economic Freedom and Political RightsEconomic Freedom and Political Rights ten representing the highest degree of political rights ten representing the highest degree of political rights
and zero the lowestand zero the lowest
0
2
4
6
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Po
liti
ca
l R
igh
ts
(o
ut
of
10
)
BottomQuintile
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TopQuintile
Least Free …… Most FreeLeast Free …… Most Free
Sources: The Fraser Institute; Freedom House, Sources: The Fraser Institute; Freedom House, Freedom in the World Country Freedom in the World Country Ratings, 1973-2003Ratings, 1973-2003 (Online). (Online).
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Economic Freedom and Civil LibertiesEconomic Freedom and Civil Libertiesten representing the highest degree of civil liberties ten representing the highest degree of civil liberties
and zero the lowestand zero the lowest
0
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10
Civ
il L
ibert
ies
(ou
t o
f 10)
BottomQuintile
FourthQuintile
ThirdQuintile
SecondQuintile
Top Quintile
Least Free …… Most FreeLeast Free …… Most Free Sources: The Fraser Institute; Freedom House, Sources: The Fraser Institute; Freedom House, Freedom in the World Country Freedom in the World Country Ratings, 1973 to 2003Ratings, 1973 to 2003 (Online). (Online).
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The impact of Economic Freedom on The impact of Economic Freedom on the UN’s Human Development Index the UN’s Human Development Index and other indicators of well-beingand other indicators of well-being
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Human Development Index, 2001, Human Development Index, 2001, and Economic Freedom Quintilesand Economic Freedom Quintiles
0.0
0.2
0.4
0.6
0.8
1.0
Un
ite
d N
ati
on
s
Hu
ma
n D
ev
elo
pm
en
t In
de
x, 2
00
1
BottomQuintile
FourthQuintile
ThirdQuintile
SecondQuintile
Top Quintile
Least Free ……………. Most FreeLeast Free ……………. Most FreeSources: The Fraser Institute; United Nations Development Programmme, Human Sources: The Fraser Institute; United Nations Development Programmme, Human
Development Indicators 2003 (Online), Development Indicators 2003 (Online), available at http://www.undp.org/hdr2003/indicator/index_indicators.html (accessed on June 15, 2004).
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Life Expectancy at Birth and Life Expectancy at Birth and Economic Freedom QuintilesEconomic Freedom Quintiles
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80
Ye
ars
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Top Quintile
Least Free ……………. Most FreeLeast Free ……………. Most FreeSources: The Fraser Institute; The World Bank, World Development Indicators 2004Sources: The Fraser Institute; The World Bank, World Development Indicators 2004
(Online).(Online).
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Infant Mortality and Economic Infant Mortality and Economic Freedom QuintileFreedom Quintile
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20
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60
80
100
Per
1,0
00 li
ve b
irth
s, 2
002
BottomQuintile
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TopQuintile
Least Free ………..…. Most FreeLeast Free ………..…. Most Free Sources: The Fraser Institute; The World Bank, World Development Indicators 2004Sources: The Fraser Institute; The World Bank, World Development Indicators 2004
(Online).(Online).
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Adult Mortality (2000) and Adult Mortality (2000) and Economic Freedom QuintileEconomic Freedom Quintile
0.00
0.05
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Pro
bab
ility
of d
yin
g b
etw
een
th
e ag
es 1
5 an
d 6
0
BottomQuintile
FourthQuintile
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TopQuintile
Least Free ………..…. Most FreeLeast Free ………..…. Most Free Sources: The Fraser Institute; The World Bank, World Development Indicators 2004Sources: The Fraser Institute; The World Bank, World Development Indicators 2004
(Online).(Online).
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Economic Freedom and Labor force, Economic Freedom and Labor force, children 10-14 (% of age group)children 10-14 (% of age group)
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25
Perc
en
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e o
f ch
ild
ren
10-1
4 w
ho
are
in
th
e
lab
ou
r fo
rce
BottomQuintile
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ThirdQuintile
SecondQuintile
TopQuintile
Least Free ……………. Most FreeLeast Free ……………. Most FreeSources: The Fraser Institute; The World Bank, World Development Indicators 2004Sources: The Fraser Institute; The World Bank, World Development Indicators 2004
(Online).(Online).
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Access to Essential Drugs, 1999, Access to Essential Drugs, 1999,
and Economic Freedom Quintilesand Economic Freedom Quintiles
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100
% o
f p
op
ula
tio
n w
ith
ac
ce
ss
BottomQuintile
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ThirdQuintile
SecondQuintile
TopQuintile
Least Free …………..Most FreeLeast Free …………..Most FreeSources: The Fraser Institute; United Nations Development Programmme, Human Sources: The Fraser Institute; United Nations Development Programmme, Human
Development Indicators 2002 (Online), available at Development Indicators 2002 (Online), available at
http://hdr.undp.org/reports/global/2002/en/indicator/indicator.cfm?File=index.html (accessed on June 17, 2004)(accessed on June 17, 2004)
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% of Population Using Improved % of Population Using Improved Water Sources, 2000Water Sources, 2000
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80
100
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en
tag
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BottomQuintile
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ThirdQuintile
SecondQuintile
TopQuintile
Least Free …………….. Most FreeLeast Free …………….. Most Free Sources: The Fraser Institute; The World Bank, World Development Indicators 2004Sources: The Fraser Institute; The World Bank, World Development Indicators 2004
(Online).(Online).