What’s this ranking about? The Fraser Institute ranks countries on their economic freedom.
What ranking is the U.S.? 16th
Which counties beat the U.S.? Hong Kong and Singapore lead the pack and are joined by New Zealand, Switzerland, United Arab Emirates, Mauritius, Jordan, Ireland, Canada, and the United Kingdom
Why has the U.S. fallen in rankings? overregulation, civil asset forfeiture, eminent domain, and other factors have combined to make the country much less business-friendly, according to Per Bylund of Oklahoma State University.
Fraser Institute 2015 Annual Report on Economic Freedom
KRMG: OSU Professor: US sliding badly in terms of economic freedom