- Apr 1, 2011
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At its pinnacle in 2000, the United States ranked second in the world for economic freedom. In the latest report on world economic freedom from the Fraser Institute, the U.S. has now dropped all the way down to 18th, falling behind countries like Bahrain, the United Arab Emirates, Estonia, Taiwan and Qatar.
The decline did not happen overnight. This entire decade weve been sliding towards this 18th ranking, report author Joshua Hall explained to The Daily Caller News Foundation.
By 2005, the United States had already dropped to eighth in economic freedom. In 2009, the U.S. fell behind welfare state countries like Denmark, Finland and Canada.
Read more: US drops to 18th most economically free country | The Daily Caller
The decline did not happen overnight. This entire decade weve been sliding towards this 18th ranking, report author Joshua Hall explained to The Daily Caller News Foundation.
By 2005, the United States had already dropped to eighth in economic freedom. In 2009, the U.S. fell behind welfare state countries like Denmark, Finland and Canada.
Read more: US drops to 18th most economically free country | The Daily Caller