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Writer's pictureVedant Kharul

World Economies Ranked: Capitalism

Ranking world economies by how capitalist they are is a complex and often subjective task, as the level of capitalism can vary based on various economic and political factors. Different experts and organizations may use different criteria and methodologies for such rankings. However, one common approach is to look at factors such as the degree of government intervention, protection of property rights, ease of doing business, and the presence of free markets. Keep in mind that economic systems are typically mixed, with varying degrees of capitalism and government intervention.

As of my last knowledge update in September 2021, I can provide a general ranking based on the Heritage Foundation's Index of Economic Freedom. Please note that these rankings may have changed since then, and different organizations might provide slightly different rankings. Here are some of the countries often associated with high levels of capitalism:

  1. Hong Kong

  2. Singapore

  3. New Zealand

  4. Switzerland

  5. Australia

  6. United States

  7. Canada

  8. United Kingdom

  9. Ireland

  10. Denmark

These rankings are based on the level of economic freedom as measured by the Heritage Foundation, which emphasizes factors such as property rights, ease of doing business, low levels of government regulation, and open markets.

It's important to note that the concept of capitalism is complex, and there are varying degrees of economic freedom even within countries often considered highly capitalist. Additionally, the economic and political landscape can change over time, so it's a good idea to refer to the most recent research and rankings from authoritative sources for the most up-to-date information.


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