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Denmark leads Nordic business freedom whereas Sweden lags

Tuesday, 20 September 2011
Denmark leads the Scandinavian countries as the economy with the most economic freedom, in a survey which Hong Kong tops again this year.

Sweden succeeded to hook on number 22nd, loosing two places on the list of countries with most economic freedom in the world, according to the survey by 2011 Index of Economic Freedom of the World.

Economic freedom is the fundamental right of every human to control his or her own labour and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please, with that freedom both protected by the state and unconstrained by the state.
In economically free societies, governments allow labour, capital and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself.

Commenting on Sweden’s position, Lydiah Wålstad at the organisation Timbro that presents the measurements in Sweden sad that “We are behind our Nordic neighbours, and it depends on a large state ownership of enterprises and high marginal tax rates.” 

Timbro's is a Swedish organisation that promotes and disseminates ideas and issues supporting the principles of free markets, free enterprise, individual liberty and a free society.

The countries of the world with the most economic freedom are lead by Hong Kong, Singapore, Australia, New Zealand, and Switzerland as the top 5. Denmark came at 8th position, Finland 17th Sweden 22nd, and Norway 30th.
Among some of the factors that floor Sweden include a labour regulation which remains rigid. “The non-salary cost of employing a worker is high, and dismissing an employee is costly and burdensome,” writes the Economic Freedom of the World, produced by the Fraser Institute in Canada.
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