After that I list the 13 countries with populations of 100 million or more. The wealthiest of the countries with 100 million or more population is the US, with an economic freedom ranking of 11 and a wealth rank of 19, and Japan, with an economic freedom ranking of 22 and a wealth rank of 43. The other 11 countries with over 100 million population have a mean economic freedom ranking of 109 and a mean wealth ranking of 129. Large countries tend to adopt socialism, and as a result they tend to be poor.
The author writes:
Scandinavia is in the midst of an economic transformation. Thanks to tax reform, openness to investment/trade, sound property rights, little corruption, and continuing efforts to privatize, economies there have made great strides toward liberalization. Denmark, Finland, Iceland, and Sweden have been rated “free” economies by the Heritage Foundation’s 2006 Index of Economic Freedom (online at www.heritage.org/research/features/index/countries.cfm). Norway lags behind with a “mostly free” rating. Norway has had fewer incentives to liberalize because of its large oil endowment.