Truth be told, the Doing Business report has lost a significant part of its explanatory power, at least for countries in transition, due to political economy of reforms and disregard of the level of rule of law.
Ranked 14th in Central and Eastern Europe, the Lithuanian Free Market Institute (LFMI) firmly maintains the highest position among Lithuanian think tanks in the prestigious Global Go To Think Tank Index by the University of Pennsylvania.
Using 79 distinct indicators to evaluate freedom in 159 countries, the Human Freedom Index captures the degree to which people are free to enjoy rights such as freedom of expression, religion, assembly, movement, trade, identity, relationships, as well as measures the rule of law, security and safety.
Gross domestic product is undoubtedly a useful indicator of how the economy is performing. It shows one aspect of the economy that can be used to interpret a general level of “health.” However, while GDP is comparable to a simple doctor’s check-up, it isn’t as in-depth as a yearly physical.