Governance and Economic Freedom (Case study: G7 and D8 Countries)

This goal of present study is to analyze the comparative position of countries G7 and D8 countries in indicators of governance and economic freedom during the period 2000-2012. So, in the current era, economic freedom is one of the main ways to access financial resources, technological development, knowledge and management to achieve sustained and stable economic growth in the countries. Hence, countries are always searching for ways to promote more economic freedom. The results indicate that the situation developing countries D8 compared with developed countries G7 in governance and economic freedom indicators are inappropriate. According to the study results appear, countries that have been more successful in improving governance, are freer economies. Therefore, it is expected, economic politicians and decision-makers countries studied in economic planning to give particular importance to improving component of governance and provide field to improve the economic freedom index.