Chile ranks 7th in economic freedom according to the Heritage Foundation

Santiago's Stock Exchange by Anthony Navarrete, IFSA-Butler, CUP, Santiago Fall 2010 Alum

In a recently released Index by The Heritage Foundation, Chile has been ranked 7th in Economic Freedom in the world. Hong Kong and Singapore ranked the highest. This year’s ranking puts Chile right ahead of the United States’ ranking where they ranked 10th. University of Chile’s School of Business and Economics Professor Joseph Ramos said that new policies aimed at reducing administrative barriers such as reducing the number of days it takes to start a business from 22 to 7 helped contribute to this year’s high ranking.

Find out more information about the 2012 Index of Economic Freedom by seeing the Heritage Foundation website or by reading the full text article from The Santiago Times  that summarized the results.

You can also learn more about our summer program, Business and Culture in the 21st Century  at the University of Chile’s School of Business & Economics here.