Exhibit 2

I	Size of Government: Consumption, Transfers, and Subsidies			[11.0%]
	A	General Government Consumption Expenditures as a Percent of Total Consumption		(.500)
	B	Transfers and Subsidies as a Percent of GDP		(.500)
II	Structure of the Economy and Use of Markets (Production and allocation via government and political mandates rather than private enterprises and markets )			[14.2%]
	A	Government Enterprises and Investment as a Share of the Economy		(.327)
	B	Price Controls: Extent to Which Businesses Are Free to Set Their Own Prices		(.335)
	C	Top Marginal Tax Rate (and income threshold at which it applies)		(.250)
	D	The Use of Conscripts to Obtain Military Personnel		(.088)
III	Monetary Policy and Price Stability (Protection of money as a store of value and medium of exchange)			[9.2%]
	A	Average Annual Growth Rate of the Money Supply during the Last Five Years minus the Growth Rate of Real GDP during the Last 10 Years		(.349)
	B	Standard Deviation of the Annual Inflation Rate during the Last Five Years		(.326)
	C	Annual Inflation Rate during the Most Recent Year		(.325)
IV	Freedom to Use Alternative Currencies (Freedom of access to alternative currencies)			[14.6%]
	A	Freedom of Citizens to Own Foreign Currency Bank Accounts Domestically		(.335)
	B	Freedom of Citizens to Maintain Foreign Currency Bank Accounts Abroad		(.357)
	C	Freedom to Convert Domestic Currency to Foreign Currencies in Order to Engage in Current and Capital Account Transactions		(.308)
V	Legal Structure and Property Rights (Security of property rights and viability of contracts)			[16.6%]
	A	Legal Security of Private Ownership Rights (Risk of confiscation)		(.345)
	B	Viability of Contracts (Risk of contract repudiation by the government)		(.339)
	C	Rule of Law: Legal Institutions, Including Access to a Nondiscriminatory Judiciary, that Are Supportive of Rule of Law Principles		(.317)
VI	International Exchange: Freedom to Trade with Foreigners			[17.1%]
	A	Taxes on International Trade
		i	Revenue from Taxes on International Trade as a Percent of Exports plus Imports	(.214)
		ii	Mean Tariff Rate	(.227)
		iii	Standard Deviation of Tariff Rates	(.117)
	B	Non-tariff Regulatory Trade Barriers
		i	Percent of International Trade Covered by Non-tariff Trade Restraints	(.198)
		ii	Actual Size of Trade Sector Compared to the Expected Size	(.105)
	C	Difference between the Official Exchange Rate and the Black Market Rate		(.139)
VII	Freedom of Exchange in Capital and Financial Markets			[17.2%]
	A	Ownership of Banks: Percent of Deposits Held in Privately Owned Banks		(.271)
	B	Extension of Credit: Percent of Credit Extended to Private Sector		(.212)
	C	Interest Rate Controls and Regulations that Lead to Negative Interest Rates		(.247)
	D	Restrictions on the Freedom of Citizens to Engage in Capital Transactions with Foreigners		(.271)
Note: The numbers in the brackets, e.g. [11.0%], indicate the percentage weight allocated to each area when the weighted summary rating was derived. The numbers in parentheses, e.g. (.500), indicate the weights used to derive the area rating. These weights are derived by principal component analysis.

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Last Modified: Wednesday, October 20, 1999.