By further cementing the positive relationship between South Korea and the United States, the pending South Korea–United States (KORUS) free trade agreement will further weaken the oppressive North Korean regime’s strategic position and help disabuse the regime’s leaders of any hopes they might have had of flagging U.S. support for …
This time about three years ago, a California Democrat exercised legislative power to do something unprecedented in America’s international trade policymaking. Effectively ending more than five decades of bipartisan consensus on trade policy, on April 10, 2008, then-House Speaker Nancy Pelosi and her like-minded colleagues unilaterally and irresponsibly amended House …
Ireland’s general election last Friday demonstrated, among other things, that Irish voters have been frustrated by the partial takeover of the country’s economic sovereignty by the European Union and the International Monetary Fund, and by calls to unwind some of the positive economic reforms of the past. Rejecting a major change …
A considerable volume of cross-country analysis has found no positive impact on economic growth from more government spending. Many studies (see here and here, for example) find that government spending actually hurts growth. A recent study by The Heritage Foundation and The Wall Street Journal of economic recovery following the …
The spread of economic freedom, reinforced by innovative ideas and entrepreneurial activities, has created forceful dynamics that generate greater economic opportunity and prosperity on an unprecedented scale in many parts of the globe. Unfortunately, the revolution has largely left the Middle East and North Africa behind. In the absence of …
“Confronting Egypt is a festering economic crisis that threatens to shatter that nation’s [already] fragile social peace and alter political orientation. For too many years Cairo has postponed sorely needed structural economic reforms.” These words are a somber assessment given to Egypt’s lack of institutional reform by The Heritage Foundation …
Ordinary people in Egypt are calling for greater economic freedom. In fact, “people power” has risen against government corruption and the lack of meaningful reform progress. The stagnant economy has long kept many of Egypt’s 80 million citizens deprived of economic opportunity. Particularly, the young in Egypt have been increasingly …
Colombia has unmistakably made political and economic transformation over the past years. As pointed out by Freedom House, in a world where authoritarianism is advancing and electoral democracy is unfortunately recoiling, Colombia has made notable improvements that make the country stand out against such a trend. Along with its free …
Early this year, The Heritage Foundation’s Index of Economic Freedom reported that the U.S. economy is no longer in the top tier of economically free countries and runs the risk of falling further behind. This disappointing news is vividly echoed in World Economic Forum’s just-released study, Global Competitiveness Report 2010-2011. …
