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South Africa's Land Seizure is Classic Populism

•, by Daniel J. Mitchell

There's an easy way to judge whether countries have good economic policy or bad economic policy. Simply look at the Fraser Institute's Economic Freedom of the World and check out a nation's absolute score as well as how it ranks relative to other nations.

The EFW report even allows readers to see how nations score in the five major policy areas that are used to produce the overall grade. These categories are:

Size of Government—A measure of the burden of taxes and spending.

Regulation—A measure of intervention and red tape.

Sound Money—A measure of monetary stability and financial freedom.

Freedom to Trade Internationally—A measure of liberty to engage in cross-border commerce.

Legal System and Property Rights—A measure of the quality of governance.

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