The United States is no longer among the world's top 10 nations in terms of economic freedom, according to a newly published index.
The world's largest economy slipped two notches into the 12th position in the 2014 Index of Economic Freedom by think tank Heritage Foundation and the Wall Street Journal, released Tuesday, registering its seventh consecutive decline.
The index evaluates countries in four broad areas: rule of law; regulatory efficiency; limited government; and open markets.
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"The overall economic policy direction of the United States in recent years has involved substantial growth in the size and scope of government, accelerating the erosion of economic freedom and contributing directly to America's fall from the top 10 freest economies," a report accompanying the index said.