April 03, 2008
"Freedom for Zimbabwe" By MORGAN TSVANGIRAI
The [UPDATE: hopefully!) new president of Zimbabwe writing in the WSJ a couple weeks back:
Today, Zimbabwe ranks last out of the 141 countries surveyed by the Fraser Institute's Economic Freedom in the World report. According to 2007 World Bank estimates, it takes 96 days to start a business in Zimbabwe. It takes only two days in Australia. Waiting for necessary licenses takes 952 days in Zimbabwe, but only 34 days in South Korea. Registering property in Zimbabwe costs an astonishing 25% of the property's value. In the United States, it costs only 0.5%.
Posted by Robert Lawson at 05:01 PM in
Economics