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Azerbaijan is World’s 99th freest economy

Azerbaijan is World’s 99th freest economy

13 January 2009 13:11 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. Azerbaijan is ranked the 99th freest economy (index -58) in the world, according to the 2009 "Index of Economic Freedom", published annually by The Wall Street Journal and The Heritage Foundation.
The survey, which gauges 179 countries on 10 economic factors like trade barriers, property rights, taxes and market regulations, covers the year ending in June 2008, before the global meltdown led governments around the world to bailout financial institutions.
European countries again accounted for half of the top 20 economies considered free or mostly free, with Switzerland at No. 9 and the U.K. at No. 10.
The foundation ranked 179 countries with North Korea the least free, preceded by Zimbabwe, Cuba and Myanmar.

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