According to the annual Economic Freedom of the World report released by the Fraser Institute in 2018, Taiwan’s ranks 12th globally in terms of economic freedom. The report considers the “cornerstones of economic freedom” to be “personal choice, voluntary exchange, freedom to enter markets and compete, and security of the person and privately owned property.” In the report, which “measure[s] the degree of economic freedom in five broad areas”, Taiwan’s economy was categorized as among the “most free” economies in the world.

[Image courtesy of Fraser Institute]

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