Fraser’s 2011 Economic Freedom of the World report shows Romania scored 7.08 points out of ten, compared to 6.58 points obtained in 2010.
The report, which uses 42 different measures to create an index ranking 141 countries around the world based on policies that encourage economic freedom, has Honk Kong on the top spot, with 9.01 points, followed by Singapore (8.68 points) and New Zeeland (8.2 points.)
The 2009 economic freedom report analyzes five core areas, namely size of government, legal structure and security of property rights, access to sound money, freedom to trade internationally and regulation of credit, labor and business.
Romania scored best in the access to sound money category, with 9 out of ten points, and the lowest in the legal system and property rights category, with 5.9 points.