www.fncci.org www.sejon.com.np www.samriddhi.org Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Society of Economic Journalists – Nepal (SEJON) & Samriddhi, The Prosperity Foundation Report on Global Release of Economic Freedom of the World Report 2012 in Nepal FNCCI Hall Teku, Kathmandu | 19 th September, 2012 Background Samriddhi, The Prosperity Foundation, in collaboration with FNCCI (Federation of Nepalese Chambers of Commerce) and SEJON (Society of Economic Journalists - Nepal) organized the release of “Economic Freedom of the World Report, 2012”, in the premises of FNCCI on the 19 th of September, 2012. The annual peer-reviewed Economic Freedom of the World report is produced by the Fraser Institute, Canada’s leading public policy think-tank, in cooperation with independent institutes in 80 nations and territories, including Samriddhi, The Prosperity Foundation from Nepal. The Economic Freedom of the World Report uses 42 different measures to create an index ranking countries around the world based on policies that encourage economic freedom. The cornerstones of economic freedom are personal choice, voluntary exchange, freedom to compete, and security of private property. This year’s publication ranks 144 nations, using data from 2010. The report also features updated data in instances where data have been revised. Economic freedom is measured in five different areas: (1) size of government, (2) legal structure and security of property rights, (3) access to sound money, (4) freedom to trade internationally, and (5) regulation of credit, labor, and business. Report release in Nepal Samriddhi, The Prosperity Foundation has been releasing the Economic Freedom of the World Report for three years in a row and bringing to attention the standing of Nepal in reference to the economic freedom of the world index. The two hour long programme was scheduled to include not only the official release of the report but also insights into the five major areas of economic freedom namely size of government, legal structure and security of property rights, access to sound money, freedom to trade internationally, and regulation of credit, labor, and business by experts.
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www.fncci.org www.sejon.com.np www.samriddhi.org
Federation of Nepalese Chambers of Commerce and Industry (FNCCI),
Society of Economic Journalists – Nepal (SEJON) &
Samriddhi, The Prosperity Foundation
Report on
Global Release of Economic Freedom of the World Report 2012 in Nepal FNCCI Hall Teku, Kathmandu | 19th September, 2012
Background
Samriddhi, The Prosperity Foundation, in collaboration with FNCCI (Federation of Nepalese Chambers of
Commerce) and SEJON (Society of Economic Journalists - Nepal) organized the release of “Economic
Freedom of the World Report, 2012”, in the premises of FNCCI on the 19th of September, 2012.
The annual peer-reviewed Economic Freedom of the World report is produced by the Fraser Institute, Canada’s leading public policy think-tank, in cooperation with independent institutes in 80 nations and territories, including Samriddhi, The Prosperity Foundation from Nepal. The Economic Freedom of the World Report uses 42 different measures to create an index ranking countries
around the world based on policies that encourage economic freedom. The cornerstones of economic
freedom are personal choice, voluntary exchange, freedom to compete, and security of private property.
This year’s publication ranks 144 nations, using data from 2010. The report also features updated data in
instances where data have been revised.
Economic freedom is measured in five different areas: (1) size of government, (2) legal structure and security of property rights, (3) access to sound money, (4) freedom to trade internationally, and (5) regulation of credit, labor, and business.
Report release in Nepal
Samriddhi, The Prosperity Foundation has been releasing the Economic Freedom of the World Report for
three years in a row and bringing to attention the standing of Nepal in reference to the economic freedom
of the world index.
The two hour long programme was scheduled to include not only the official release of the report but also insights into the five major areas of economic freedom namely size of government, legal structure and security of property rights, access to sound money, freedom to trade internationally, and regulation of credit, labor, and business by experts.
www.fncci.org www.sejon.com.np www.samriddhi.org
Programme Proceedings:
1. Introduction – Mr. Sandeep Regmi Program Officer, Samriddhi, The Prosperity Foundation
Mr. Sandeep Regmi, Program Officer at Samriddhi welcomed the participants along with providing an
introduction to Samriddhi, as a public policy think tank. He shed light on the working areas of Samriddhi
and the activities conducted till date.
2. Moderator – Mr. Prateek Pradhan Editor-in-chief, Karobar Daily
Mr. Prateek Pradhan, who was the moderator for the programme introduced the programme as a launch
of Economic Freedom of the World Report, 2012. He invited the panelists of the programme to the dais-
chaired by Mr. Bhaskar Raj Rajkarnikar and including Mr. Pradeep Chapagain, Dr. Hemant Dabadi, Mr.
Purushottam Ojha, Dr. Bhola Nath Chalise, and Dr. Chiranjibi Nepal. He then opened the floor for the
release of the Report and the presentations to follow.
3. Mr. Pradeep Chapagain President, SEJON
He started with the idea of SEJON’s deep-rooted interests in economic issues and how the release of the
report was an element of it in association with Samriddhi. He shared that though the report shows slight
progress in Nepal’s status in comparison to the previous report we still have a long way to go. As
exemplified with the recent incidents of the closure of KFC and Shikhar Shoes, economic freedom is a
concept Nepalese cannot yet boast of, according to Mr. Pradeep. He also added on to the basic
understanding of the report, of it being based on 42 parameters and covering 144 countries across the
globe.
4. Mr. Surath Giri Research Associate, Samriddhi, The Prosperity Foundation
Mr. Giri presented a synopsis of the report and where Nepal stands in relation to the five major areas of
economic freedom namely size of government, legal structure and security of property rights, access to
sound money, freedom to trade internationally, and regulation of credit, labor, and business by experts.
He presented on what the entailments of the idea of economic freedom are- Private Property Rights,
free trade, market competition, and choice over purchase, right to earn a living in a job they choose to
do or run a business, right to enter into contracts and have them enforced. Based on the report, he
presented that though the overall ranking of Nepal had improved, much still remained to be done.
He ended his presentation with a short video titled “Economic Freedom and Quality of Life” which
compared how economic freedom affects the quality of life across the globe and why it was important.
The URL for the video is http://www.youtube.com/watch?v=v1U1Jzdghjk