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Hayek Foundation: Economic freedom takes turn for worse
15 Jan 2014 Flash News
Economic freedom in Slovakia has fallen 15 places year-on-year, with the country ending up in 57th spot - the worst result among Central European countries, claimed the F.A. Hayek Foundation, citing data from the Heritage Foundation and The Wall Street Journal.
Hungary saw a drop of only three places to 51st. Conversely, the remaining countries in the region saw improvements, with Austria ranking 24th, the Czech Republic 26th and Poland 50th. Hong Kong ranked first on the list and has maintained its number one position since 1995. The top five is completed by Singapore, Australia, Switzerland and New Zealand.
The F.A. Hayek Foundation is named after the noted Austrian economist known for advocating completely unregulated markets.
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