Ranked 12th in the world for economic freedom
| Global Trade | Economic Growth |
Updated By: History Editorial Network (HEN)
Published:
3 min read
Georgia, a country nestled at the crossroads of Europe and Asia, achieved a milestone by being ranked 12th in the world for economic freedom in 2021. This accolade reflects the nation's commitment to policies promoting free markets, limited government intervention, and regulatory efficiency.
This achievement is a testament to Georgia's continuous efforts to improve its business environment and attract foreign investment. The ranking signifies a conducive climate for entrepreneurship, innovation, and economic growth. It highlights the country as an attractive destination for global businesses seeking opportunities in diverse sectors.
The impact of Georgia's high ranking in economic freedom extends beyond its borders. It enhances the country's competitiveness on the global stage, boosts investor confidence, and fosters sustainable development. This recognition also serves as a benchmark for other nations aspiring to enhance economic freedom within their own borders.
Georgia's 12th position in economic freedom underscores its potential for further growth and prosperity. It underscores the effectiveness of its economic policies and positions the country as a leader in the region. This achievement paves the way for continued advancements in building a vibrant economy and improving the overall quality of life for its citizens.
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Primary Reference: dataset | Fraser Institute
Location : Georgia

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