Fraser Institute News Release: Denmark's economic prosperity rooted in tradition of low taxes, limited government and open trade
For more than 150 years, Danes have been among the most economically free people on Earth, which resulted in marked prosperity for the small country.
- For more than 150 years, Danes have been among the most economically free people on Earth, which resulted in marked prosperity for the small country.
- At the turn of the 20th century, for instance, Denmark had one of the highest income levels in Europe.
- However, from 1970 to 1995, Denmark’s government spending (as a share of the economy) skyrocketed from 24 per cent to 59 per cent.
- (Denmark would have ranked first if not for its poor performance in the size of government component of the economic freedom measurement.)