Connect with us

News

Africa’s Path To Greater Economic Freedom, By Nana Fredua Agyeman – The Maravi Post

Published

on


Without economic freedom, economic development is unlikely. Whether you are starting a new business, claiming ownership of a piece of land, not being a victim of corruption, or paying low and simple taxes that don’t swallow up most of your income, virtually all aspects of a healthy economy link back to economic freedom. Regrettably, according to a new report that measures economic freedom, many African states rank among the lowest in the world.

The Economic Freedom of the World Report, which is published annually by the Fraser Institute, a Canadian think tank, measures to what extent the policies and institutions of countries are supportive of economic freedom. This matters, especially for African countries, because there is robust evidence that freer economies are richer, healthier and grow faster when compared to less freer economies.

To rank economic freedom, the Fraser Institute’s 2021 report, which was published last month, analysis 165 countries across five major categories (size of government, legal systems and property rights, sound money, freedom to trade internationally, and regulation) which were further split into components and sub-components. A total of 42 indices are analysed in the report.

Amongst the top 10 countries where the concept of self-ownership is upheld in tandem with minimum government intervention in the economy, there was no African country present. Hong Kong, as usual, remained in the top position followed by Singapore, New Zealand, Switzerland, Georgia, United States, Ireland, Lithuania, Australia, and Denmark.

However, at the bottom of the EFW league table, seven of the 10 least free economies in the world were African; Central African Republic, Democratic Republic of Congo, Republic of Congo, Zimbabwe, Algeria, Libya and Sudan.

The rankings are important because they can influence decision-making for foreign investors and reassure or discourage prospective ones hoping to dip their toes into African markets. However, beyond investment, the EFW report highlights the drastically different outcomes between countries that have high economic freedom and those that experience the heavy-handedness of government interference.

The average GDP per-capita in countries that rank in the top quartile (i.e., the top twenty-five percent of countries ranked) for economic freedom is a staggering $50,619 compared to a meagre $5,911 for economies ranked in the bottom quartile. Similarly, the poorest 10% in countries where citizens are most economically free have an average income of $14,400. In contrast, the poorest 10% of people the least economically free countries have a per capita income of $1,549.

The EFW report also shows that while 34.1% of the population in the least free nations live in extreme poverty (defined as living on less than US$1.90 a day), only 0.9% of the population in the highest ranked countries do. Undoubtedly, economic freedom has strong links to lifting people out of poverty.

Interestingly, people in the freest countries tend to live 15 years longer than those in countries where government play a significant role in the economy. As people live longer in freer economies, it is not surprising to note that these states also have the lowest infant mortality rate, which is almost ten times lower when compared to nations in the lowest quartile of economic freedom. Among other beneficial educational outcomes, the data also reveals that school enrolment, especially at secondary school level, is much higher in the most economically free countries of the world.

A broad continental outlook of the EFW data reveals that the average economic freedom rating in Africa decreased from 6.8 out of 10 in 2000 to 6.71 in 2019, with a peak of 6.85 in 2012 (see figure 1). Taking a more in depth look at the data, Mauritius is ranked the highest in Africa, followed by Cabo Verde, Seychelles, Botswana, Uganda, Rwanda, Zambia, Gambia, South Africa and Nigeria. Mauritius and Cabo Verde are the only African countries in the most economically free quartile in the 165 countries analyzed in the report.

Furthermore, Mauritius ranks 11th globally, ranking higher than major countries such Canada, Japan, Germany, France and China. Sound money, one of the indicators of economic freedom which looks at components such as inflation, the freedom to own currency in foreign bank accounts and money growth is one of the biggest contributors to the success of Mauritius where the country scores an impressive 9.54 out of 10.



Despite the fall over time in economic freedom in Africa, it is not all doom and gloom for the continent. The introduction of the African Continental Free Trade Area (AfCFTA) will provide the needed boost for nations in Africa to catalyze economic freedom. With tariffs being slashed on as much 97% of goods and a commitment to intellectual property laws, integral components of economic freedom such as property rights and freedom to trade internationally could increase Africa’s overall position in the rankings drastically in future reports. This will go a long way in improving the wellbeing of millions of people.

While the AfCFTA will not suddenly fix all of Africa’s problems, it is a step in the right direction towards economic freedom which is strongly tied to prosperity and, in turn, it will assist in the upliftment of millions of people on the continent out of poverty.

Nana Fredua Agyeman is an Intern at the Initiative for African Trade and Prosperity.

Source saharareporters

News

DER vs QPR Dream11 Prediction Live Score Lineup Kick-Off Championship Arsenal Tula vs Lokomotiv Moscow

Published

on

By


If you are looking for a very interesting football square off then we have good news for you. According to the details, the upcoming match is all set to be played between the most amazing and fabulous teams in the league.

DER vs QPR

If you do not know about the team then we want to tell you that the game will be played between DER vs QPR. The match will be starting on November 30, 2021, at 01:15 AM IST. Here are the various details available such as match prediction, probable lineup and live score as well.

Match: DER vs QPR
League: Championship
Date: November 30, 2021
Time: 01:15 AM IST
Venue: Pride Park Stadium, England

In the recent matches, we have noticed a brilliant performance. According to the details, the team DER has played several games and they have won many games. There are many things which will become the reason behind its upcoming winning in the latest match.

Currently, they are standing at a good level. While on the other side, if we talk about the team QPR then we want to explore details that you will be able to watch the interesting in the upcoming match also. The team has won many games and it will continue to win the latest matches with good performance. Now we going to talk about the lineups which are important to know and you will know the many more things here.

Arsenal Tula: Roos(GK), Byrne, Davies, Jagielka, Forsyth; Shinnie, Thompson, Bird; Knight, Kazim-Richards, Lawrence

Lokomotiv Moscow: Dieng(GK), Dickie, Dunne, Barbet; Adomah, Amos, Johansen, Wallace; Chair, Willock; Austin

As we supposing you are curious to know the many more details about the upcoming football match. As we observed the previous performance of the teams that’s why we want to tell you that the team DER will win the match with an amazing score.

There is a huge possibility that you will see massive gameplay in the upcoming days. Also if you want to get the live score updates then you will see the updates here. For further updates, you can bookmark the details in your browser. Definitely, you will get the remaining information soon on the same page.



Source link

Continue Reading

News

CL vs CER Live Score Dream11 Prediction Lineup Polish Volleyball League Cuprum Lubin vs Cerrad Enea Czarni Radom

Published

on

By


We are ready to watch a very fierce battle between Cuprum Lubin (CL) and Cerrad Enea Czarni Radom (CER). The teams are playing under Polish Volleyball League and it is actually going on very well. All the teams in the league are giving their best performance to each other and making the entire tournament highly anticipated for the viewers to watch.

CL vs CER Live

We are very eagerly waiting to watch the upcoming match in which two superb teams are going to play against each other. We are providing CL vs CER Dream11 Prediction here. You will get all the updates on time without any hesitation on our website.

CL vs CER Live Score

  • Match: Cuprum Lubin (CL) vs Cerrad Enea Czarni Radom (CER), Polish Volleyball League
  • Venue: Poland
  • Date and Time: Tuesday, 30th November 2021, 01:00 AM IST

Talking about the performance of the teams, Cuprum Lubin (CL) actually gave their best to maintain the position on the points table. The team standing in the 10th position on the points table. So far, the team has played 8 matches in the tournament in which they win 2 matches and lost 6 battles. It will be actually very interesting to watch what will happen next in the ensuing match.

On this side, Cerrad Enea Czarni Radom (CER) is also ready to make the entire match highly anticipated for the watchers. The team stands in the 13th position on the points table. The position is not very good for the team as they are just one step above the last position. The team has played 8 matches in which they win 2 matches and lost 6 matches. It will be interesting to watch who will win in the upcoming match.

CL vs CER: Lineups Player

Cuprum Lubin (CL):- Matheus Winck, Felipe Cundlev, Rogerio Batista, Guilherme Alexandre, Raphael Marcarini, and Adriano Xavier.

Cerrad Enea Czarni Radom (CER):- Ian Refuno, Sandro Carvalho, Geovane Kuhnen, Tiago Barth. Henrique Adami, and Pedro Santos.

Talking about the winning probability of the team, Cuprum Lubin (CL) has more chances to win the upcoming battle. The team is already giving a very brilliant performance to all the competitors in the current league.

Many people are continuously searching to know CL vs CER Live Scores that help everyone to know more information related to the live results during the match. So, you just need to stay connected with us to know all the information related to the match on time.



Source link

Continue Reading

News

Watch Hotspot Fantasy Call ULLU Web Series Full Episode Online Review Actress Name Cast

Published

on

By




Hey web series lovers, your patient is going to end as the most loved video streaming site ULLU is bringing an overwhelming sequel of the most meritorious web show “Hotspot” yes you heard right, the makers are looking forward to releasing the ” Hotspot Fantasy Call” where you will become a witness of such fantasy activities that will make you feel over the top for sure because whenever, ULLU brings a web show it enhances the curiosity of the admirers as well, something similar has happened this time too. Ever since the makers have announced the vital information, so below you can check below the release date & time, cast, actress wiki-bio, etc.

Watch Hotspot Fantasy Call ULLU Web Series Full Episode Online Review Actress Name Cast

The makers of Hotspot Fantasy Call are ready to release the web show on 30th November 2021 officially, so just gearing up yourself to stream the series. Because all enthusiastic actresses will have appeared in the show, whose presence is enough to set the screen on fire. It is being speculated that this time the storyline will be a bit different than the previous shows. This is the reason the curiosity of the admirers is hitting the headlines because only a few hours are left in broadcasting. When it comes to the storyline, so the story revolves around a young man who is enthralled through a delightful telephonic and finds himself trapped by the girl and her partner.

Hotspot Fantasy Call ULLU Web Series Cast

The main lead boy is fully loaded with his fantasy desires and wants to fulfill everything, and for that, he is ready to do anything. Therefore, he makes a call to a woman who gets money for providing the number of girls, who make videos calls and shows their body to them, so that, their mood got chilled and in such a manner those girls make the callers trapped. Hitherto, star cast details did not share by the makers which are remaining the hot discussion among those, who love to stream such web shows of ULLU.

So whenever we will get the details about Star Cast we will make you acquainted for sure, because still pieces of information are reported. But before anything you need to purchase the subscription, so that, you can get access to watch the web series, even you will get a chance to watch all those series that have been shared by the makers of ULLU. So here we have mentioned such details that will be proven beneficial for you while streaming the show.

Continue Reading

Trending

Copyright © 2020 PRUMETRICS