Wright Publishers will now place books to read online to be available to you via electronic media. The printed books may also be ordered through the website. There are two new books due for publishing this year.

The blog will publish articles mainly on business management and leadership. You will also find included some book reviews, articles on cities and articles on current affairs.

Neil Wright will also provide a consultancy service on business management through the website. You are welcome to read more about Neil Wright and apply for advice on management here.

Featured

Numbers in Time in World History

2016 23rd June, the day the British Public voted by a simple majority of 52% in a turnout of 72% to leave the European Union. EU.

Fraser Institute of Canada Analysis of Economic Freedom

Read Article >

07 Sep 2015


Five Pillars 

1.         The soundness of a country’s currency.
2.         Its freedom of trade internationally.
3.         The extent of the regulations it imposes on the private sector.
4.         The size of its government.
5.         Its respect for property rights. 

In monitoring these areas the Fraser Institute divided countries into four quartiles ranging from the least economically free to the most economically free in terms of these five criteria. 

Fraser Institute began monitoring from the 1980s.  In a 20 year study (from 1990 to 2010) GDP grew at an annual average rate of 1.6% for the ‘least free”, in contrast “most free” grew by 3.6% on average.  Because of the difference in growth rate the” least free” recorded an average GDP per head of US$5 200 in 2000, while the “most free” recorded a figure near to US$38 000 (seven times higher). 

Also the average per capita income of the poorest 10% of people in the” least free” was US$1 201, whereas the most free was US$12 000. 

For South Africa: 

In 2001 SA ranked 41 out of 143 countries.

In 2013 SA ranked 88 out of 152 countries. 

This placed SA in the third quartile, not far above countries in the least free quartile.  It rated SA below Kazakhstan and Kenya, only slightly above Paraguay, Ghana and Tanzania. 

Contrast the freedom criteria of the Fraser Institute with the criteria of the EFF (Economic Freedom Fighters): 

·         Massive state interference

·         Nationalisation of mines and banks.

·         And the element of land grabbing without compensation. 

Hong Kong, despite size and belonging to Communist China topped the 2013 survey- highest rate of economic freedom and highest levels of prosperity in the world.


comments powered by Disqus