The study notes a decline in the score for property rights, trade freedom and labour freedom. The index uses four broad categories for measurement: rule of law (which includes property rights, government integrity, judicial effectiveness), government size (which includes government spending, tax burden, fiscal health), regulatory efficiency (which includes business freedom, labour freedom, monetary freedom) and open markets (trade freedom, investment freedom, financial freedom). The report says Bangladesh’s economy experiences the effects of prolonged political instability, poor infrastructure, endemic corruption, insufficient power supply and slow economic reforms. India ranked 130th, with an overall score of 54.5, Pakistan was 131st with a score of 54.4 and Nepal was 133rd with a score of 54.1. Bhutan ranked above Bangladesh at 87th, with a score of 61.8 while Sri Lanka ranked 111th with a score of 57.8.

Source: bd News24 February 05, 2018 06:22 UTC