Of the worlds 11 freest countries, six are in Europe, according to the 2006 Index of Economic Freedom published by the Heritage Foundation and the Wall Street Journal and launched in the UK at the Institute of Economic Affairs on 25 January 2006.
Of the countries in this region, 31 exhibited an increase in economic freedom while only ten experienced a decline, editor Marc A. Miles said at the launch. This continues last years trend, where, overall, the scores of 30 European countries improved, while only nine countries in the continent lost ground.
The study has shown that countries with the most economic freedom also have higher rates of long-term economic growth and are more prosperous than those with less economic freedom.
The study is based upon an analysis of 50 independent economic variables divided into 10 c