This overview of this essay will be based on The Economic Freedom of the World Report http://www.freetheworld.com/release.html and will ask to you compare the relationship between the economic freedom and political freedom in a specific country.
- You are required to apply economic analysis the country in question and analyze what aspects of economic freedom (along the five pillars) are weakest, and why.
- Then you must assess how economic freedom is affecting political freedom as measured by (Freedom House) and what can the country do to better it’s conditions.
- Apply these principles to thinking about the following policy objectives generally: foreign aid, exporting economic growth, environments of economic freedom, the unintended consequences of exporting democracy
You must reference cited works in your paper. Word length should be between 4000-5000 words. Your paper should include data and the use of graphs and charts. Your paper should include a one-page or shorter Executive Summary (this counts toward the overall word count).
Country and time period of Choice:
The project would focus on the relationship between the economic freedom and political freedom of Saudi Arabia between the period for 2010 – 2022. This much first provide an analysis of economic freedoms first (all five pillars) over and political freedoms between 2010-2022. What has improved/ dis improved, what are some of the reason why various economic improvements didn’t necessarily improve personal freedoms.
Must incorporate these references:
Robert A. Lawson and Jeff Clark “Examining the Hayek-Friedman Hypothesis on Economic and Political Freedom” Journal of Economic Behavior and Organization, Volume 74, Issue 3, June 2010, Pages 230-239
Economic Freedom of Website (additional information for previous years) https://www.fraserinstitute.org/economic-freedom/map?geozone=world&page=map&year=2019
Economic Freedom of the World Report (for analysis) https://www.fraserinstitute.org/sites/default/files/economic-freedom-of-the-world-2016-exec-summary.pdf
The Human Freedom Index (for analysis)
Freedom House Index: https://freedomhouse.org/report/freedom-world/freedom-world-2018
Candela, Rosolino A., and Ennio Piano. 2018. “Rule of Law.” In Alain Marciano and Giovanni
Battista Ramello, eds. Encyclopedia of Law and Economics. New York: Springer.