Centro para la Apertura y el Desarrollo de América Latina (Center for the Opening and Development of Latin America—CADAL) announced today the publication of the 2011 edition of its annual report on global development. Desarrollo Global: Democracia, Mercado y Transparencia (“Global Development: Democracy, Markets and Transparency”) ranks countries across the globe on three factors that CADAL considers essential for development: democratic freedoms, market economies and government transparency.
To compile the ranking, CADAL relied on data from Freedom House’s Freedom of the World survey, Heritage Foundation and Wall Street Journal’s Index of Economic Freedom, and Transparency International’s Corruption Index. Out of a total of 173 countries included in the assessment, New Zealand ranked at the top. Chile ranked among the top in Latin America (15 out of 173), with Uruguay (23) and Costa Rica (39) not too far behind. Compared with previous years, 10 Latin American countries improved their ranking, though Mexico, Nicaragua and Venezuela fell behind.
A full copy of the report in Spanish can be found here.