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Oman among top twenty most liberal economies in the world

Oman: Monday, December 01 - 2003 @ 10:27

Special International Guest Speaker at the CxO conference, Fred McMahon, Director of Globalisation Studies and Manager of the Economic Freedom report at the Fraser Institute will discuss how the Sultanate can climb the rankings and explain why it should want to take these steps. ‘Economic freedom is the extent to which one can pursue economic activity without interference from government. Economic freedom is built upon personal choice, voluntary exchange, the right to keep what you earn, and the security of your property rights’ explained the Institute.

This 7th global comprehensive index of 123 nations, constructed under the leadership of The Fraser Institute and Nobel Laureate, Milton Friedman, is the most objective and accurate measure of economic freedom published to date by any organisation.

Internationally, Hong Kong retains the highest rating for economic freedom, closely followed by Singapore, the United States, New Zealand and the United Kingdom. The rankings of other large economies are Japan, 26; Germany, 20; Italy, 35; France, 44; Mexico, 69; China, 100; India, 73; Brazil, 82; and Russia, 112.

Fred McMahon with the Fraser Institute is one of many key international speakers at the CxO, ‘2003 Review – 2004 Preview’ business conference including, the Rt. Hon. Michael Portillo MP; David Cass, Regional Media Adviser; Kevin Skillin, US Economic & Commercial Officer and Colin Craig OBE, Director MerchantBridge.

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Monday, December 1- 2003 @ 10:27 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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