Types Of Economy's

By: Brittany Meade

Day 1: Peru

Peru's Flag

Peru’s economic freedom score is 67.4, making its economy the 47th freest in the 2014 Index. Its score is 0.8 point lower than last year, with an improvement in trade freedom outweighed by deteriorations in labor freedom and business freedom. Peru is ranked 7th out of 29 countries in the South and Central America/Caribbean region, and its overall score is above the world average.

Advantages:Great Food, mild weather, strategic tourism spot because you are in the middle of Peru and from there you can travel to any of the many tourist attractions in the country  

Disadvantages: Terrible traffic inside Lima (capital of Peru)

Day 2: Cuba

Cuba's Flag

The economy of Cuba is a largely centrally planned economy dominated by state-run enterprises overseen by the Cuban government, though there remains significant foreign investment and private enterprise in Cuba. Most of the means of production are owned and run by the government, and most of the labor force is employed by the state, although in recent years, the formation of cooperative and self-employment has been encouraged by the Communist Party.

Advantages: Inexpensive to visit, Safe country, Friendly and beautiful people, Best Beaches, Lots of History, Free education and Health care

Disadvantages: Hard to leave country if not a tourist, Low Income, Communism

Day 3: Germany

German's Flag

Germany’s economic freedom score is 73.4, making its economy the 18th freest in the 2014 Index. Its overall score is 0.6 point better than last year, reflecting modest improvements in investment freedom, labor freedom, and trade freedom. Germany is ranked 8th out of 43 countries in the Europe region, and its score exceeds the world and regional averages.

Advantages: In 2011 Germany was voted the best country in the world to live expatriates, has along with a few other countries the best health care system, and is a very clean and organized country.

Disadvantages: The weather is unpredictable

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