Economic Freedom in the 25-Member European Union: Insights Using Classification Tools
نویسنده
چکیده
In 2004, ten additional countries join the 15-member European Union. As a result, the nature of the community and its countries are predicted to change, including the economic freedom of individuals and organizations. This study uses classification tools to look at the Economic Freedom of the World index (EFI), examining the similarities and the differences in the economic freedom of the 25 affected countries. The resulting country groups are shown and some of their properties are discussed. The research indicates that patterns of economic freedom are quite different between the current and the acceding EU members and that, on average, economic freedom in Europe has a good chance of increasing as a result the expansion.
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