Economic Freedom and Economic Growth in Developing Countries

By

ACKNOWLEDGEMENTS

I would like to take this chance for thanking my research facilitator, friends and family for support they provide, their belief in me as well as the guidance they provided me, without that I would have never been able to do this research.

DECLARATION

I, (Your name), would like to declare that all contents included in this dissertation stand for my individual work without any aid, & this dissertation has not been submitted for any examination at academic as well as professional level previously. It also represents my own views & not essentially the ones associated with university.

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ABSTRACT

The economic freedom and economic growth are the two important considerations in the present world that provide the countries to enjoy special importance with their region. However the concept of the economic freedom and the economic growth are largely associated with the economic resources a country possess. The economic resources play an important role in maintaining economic freedom within the region. The study on the economic freedom is mainly related with the society that is free to use the economic resources and optimize the needs of its citizen in an effective manner. The aim of the study is to look into the factors that affect the economic freedom and economic growth of the countries particularly in their developing phase. The developing countries are usually lacking the economic resources that are considered very important for the economic freedom and the economic growth of the country. The aim of the study is to analyse the relationship between the economic growth and the economic freedom and to look into the relationship between the two through various perspective. Thus, it can be concluded that developing countries are improving their policies and economic freedom and growth than the developing countries.

TABLE OF CONTENTS

ACKNOWLEDGEMENTSII

DECLARATIONIII

ABSTRACTIV

CHAPTER 1: INTRODUCTION1

Background of the Study1

Problem Statement3

Aims of the Study4

Objectives of the Study4

Significance of the Study4

Purpose of the Study5

Rationale of the Study5

Research Questions6

CHAPTER 2: LITERATURE REVIEW7

Trade Liberalization and Growth7

Economic performance and politics10

Fiscal decentralization and economic growth13

The relationship between socio-political violence and economic growth14

CHAPTER 3: METHODOLOGY19

Introduction19

Research Methodology20

Justification of Research Method21

Method of Analysis22

Data collection Techniques23

Reason for adopting Qualitative24

Data Collection Sources24

Research Instrument27

Underlying assumption27

Reliability/Dependability27

Validity28

Ethical Consideration28

CHAPTER 4: ANALYSIS AND DISCUSSION30

Foreign Investment and Economic Growth in developing countries30

Economic growth and freedom in developed countries37

CHAPTER 5: CONCLUSION AND RECOMMENDATION41

Implications44

Recommendations45

REFERENCES46

CHAPTER 1: INTRODUCTION

Background of the Study

The economic freedom and economic growth are the two important considerations in the present world that provide the countries to enjoy special importance with their region. However the concept of the economic freedom and the economic growth are largely associated with the economic resources a country possess. The economic resources play an important role in maintaining economic freedom within the region. The study on the economic freedom is mainly related with the society that is free to use the economic resources and optimize the needs of its citizen in an effective manner.

Statistical studies of economic growth have gone beyond the Solow model to seek many more factors of economic ...