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pushkin
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Posts: 9610
Joined: 23 Jul 2015, 06:10

Re: 2019 Index of Economic Freedom

Post by pushkin » 28 Nov 2019, 07:07

What a stupid & moron Agame are u old man! Have you ever herd of monopoly capitalism & its exploitation in Africa, Asia & latin America. For the monopolists, those countries which are corrupted & suitable for exploitation are ranked highest & are suitable for investment. that is why 60% of the resource for westerns are obtained from Africa. Mr. stone head, it will take a century for a person like you to teach because you are ignorant & are employed as a scavenger :lol:

Awash
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Posts: 30273
Joined: 07 Aug 2010, 00:35

Re: 2019 Index of Economic Freedom

Post by Awash » 28 Nov 2019, 08:55

bushtin,
Read'em and giggle
:lol: :lol: :oops:
Eritrea’s economic freedom score is 38.9, making its economy the 177th freest in the 2019 Index. Its overall score has decreased by 2.8 points, with a steep plunge in business freedom completely overwhelming increases in scores for judicial effectiveness and labor freedom. Eritrea is ranked 47th among 47 countries in the Sub-Saharan Africa region, and its overall score is well below the regional and world averages.

Eritrea remains one of the world’s most difficult places to do business. Poor governance and lack of commitment to reform hamper economic freedom and drive many Eritreans into the informal sector. Mismanagement of public finances, underdeveloped legal and regulatory frameworks, and structural anomalies severely undermine private-sector development and impede productivity growth, dynamism, and overall economic growth. Monetary stability remains fragile, and inflation is very high, largely reflecting excessive money creation to fund fiscal deficits. Enforcement of property rights is marginal, and the rule of law is weak.

BACKGROUND

Ethiopia’s annexation of Eritrea as a province sparked a violent 30-year struggle for independence that ended in 1991 with Eritrean rebels defeating government forces. The autocratic and repressive rule of Isaias Afewerki has created a rigidly militarized society. Mandatory conscription can be for indefinite periods. Eritrea and Ethiopia normalized relations in 2018, but Eritrea remains under U.N. sanctions for allegedly supporting armed groups in the Horn of Africa, for occupying disputed territory of Djibouti, and for violating sanctions against North Korea. The government has expanded military-owned and party-owned businesses to complete the president’s development agenda. Copper and gold are important exports, but military spending drains resources needed for the construction of public infrastructure.

RULE OF LAW

Property Rights 35.5
Government Integrity 19.7
Judicial Effectiveness 18.1


All land is considered state-owned, and property rights are nearly nonexistent. The little private property that does exist can be expropriated without due process or compensation. The politicized judiciary is understaffed, underfunded, and unprofessional. The autocratic one-party state, widely considered to be one of the world’s most repressive, is ruled by the president and his inner circle. Corruption is a major problem.

GOVERNMENT SIZE

Government Spending 73.9
Tax Burden 81.4
Fiscal Health 0.0


The top personal income and corporate tax rates are 30 percent. The overall tax burden equals 8.0 percent of total domestic income. Over the past three years, government spending has amounted to 29.5 percent of the country’s output (GDP), and budget deficits have averaged 14.7 percent of GDP. Public debt is equivalent to 131.2 percent of GDP.

REGULATORY EFFICIENCY

Business Freedom 17.7
Labor Freedom 70.0
Monetary Freedom 61.0


The regulatory regime is not conducive to entrepreneurial activity, and procedures for running a business are opaque and costly. Greater delays in completing certain procedures have made it harder to start a business. The vast majority of the population is involved in subsistence agriculture, and formal employment is rare. Monetary stability is weak, and subsidies and price controls are core features of the command economy.

OPEN MARKETS

Trade Freedom 69.2
Investment Freedom 0.0
Financial Freedom 20.0


The combined value of exports and imports is equal to 37.5 percent of GDP. The average applied tariff rate is 5.4 percent. Foreign investment in several sectors of the economy is restricted, and state-owned enterprises distort markets. Eritrea’s financial system remains very underdeveloped. Capital markets are nonexistent, and long-term financing is hard to obtain.
https://www.heritage.org/index/country/ ... d7vdhjoc38

Awash
Senior Member+
Posts: 30273
Joined: 07 Aug 2010, 00:35

Re: 2019 Index of Economic Freedom

Post by Awash » 28 Nov 2019, 14:41

bushtin wrote:
26 Nov 2019, 22:19
bushtin,
You're getting ready to eat turkey while the Eri people suffer under your deqi40 junta, aren't you?




Awash
Senior Member+
Posts: 30273
Joined: 07 Aug 2010, 00:35

Re: 2019 Index of Economic Freedom

Post by Awash » 28 Nov 2019, 15:51

bushtin stuffing his face while the Eri people suffer.

https://amharic.voanews.com/a/4616141.h ... o758CLerGU

"አሁን ያለው አዝማሚያና የፍልሰት መጠን “ኤርትራ ባዶዋን ልትቀር ይሆን እንዴ?” የሚል ጥያቄ ማጫሩ እንደማይቀር የፖለቲካ ሣይንስ ፕሮፌሰር፤ ዶ/ር ብሩክ ኃይሉ ተናግረዋል።"




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