What is it about?
Nowadays, economic independence began to be increasingly circumscribed by measures and pressures imposed by the more powerful countries, multinational corporations and international organizations on the less powerful countries. Due to the rising importance of economic independence, this study aims to measure the levels of economic independence for 104 countries for the period 2014–2019, and compares them with the countries’ earlier scores in the period 2010-2013.The Russian Federation twice topped the index making it without dispute the strongest economically independent country.
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Why is it important?
As economic growth proved to be contingent on real economic independence, this article is extremely important to policy makers who may need to assess their countries' vulnerability or resilience to external economic shocks through their new scores in the economic independence index (EII).
Perspectives
If you want to understand why the Russian economy is so resilient despite sanctions. If you what to understand why some countries are robust while others are vulnerable to economic shocks, then read my article. It all sums up to the countries' levels of economic independence, which is measured by my new index.
Prof. Heba Ezzeldin Helmy
October University for Modern Sciences and Arts
Read the Original
This page is a summary of: New Estimates of the Economic Independence Index: Is Economic Independence Necessary for Sustaining Economic Growth?, Journal of Economic Issues, July 2022, Taylor & Francis,
DOI: 10.1080/00213624.2022.2093582.
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