Study: The United States has a less open economy than Romania

The Secular Jurist

The U.S. may advertise itself as an economy that’s open to the world. But compared to Singapore and Hong Kong we’re practically behind a Berlin Wall of tariffs and trade barriers, according to a new study of economic openness from the International Chamber of Commerce.

The ICC’s latest Open Market Index puts the U.S. 38th – just behind Romania – of the 75 countries it ranked on things like the level of imports as a percentage of gross domestic product, the quality of infrastructure and ease of logistics, and openness to foreign direct investment.

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/06/13/study-the-united-states-has-a-less-open-economy-than-romania/

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