THE CHINESE ECONOMIC SYSTEM IN THE LAST 20 YEARS. AN ECONOMIC FREEDOM INDEX-BASED ANALYSIS

Abstract

For much of human history, most individuals have lacked economic freedom and opportunity, condemning them to poverty and deprivation. Today, we live in the most prosperous time in human history. Poverty, sicknesses, and ignorance are receding throughout the world, due in large part to the advance of economic freedom. In 2015, the principles of economic freedom that have fueled this monumental progress are once again measured in the Index of Economic Freedom, In order to have an overall view on the evolution of the Chinese economic system, we have analysed the 10 components of the economic freedom index: financial freedom, investment freedom, commercial freedom, monetary freedom, freedom to make business, governmental expenses, ownership rights, tax freedom, labour market freedom, the corruption level.