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Problem (Institutions and Economic Development)

a. Go to http://www.heritage.org/index/ranking and find three countries in each of the freedom categories ("free", "mostly free", and so on). Click on the country name on the table for each country you select and read about the rationale for their ranking. Provide a summary for the nations you selected.

b. Now go to http://www.heritage.org/index/explore?view=by-variables Note the per capita GDP of the three countries you selected in each category, and calculate the average of the three you selected in each category. What pattern do you notice? What preliminary conclusions can you draw concerning the relationship between freedom and economic development?

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