The Honorable Zoran Stavreski, Deputy Prime Minister and Minister of Finance for the Republic of Macedonia, spoke at The Heritage Foundation on April 23rd about the economic reforms that have helped his country weather the recent global storm. According to Stavreski, adherence to the principles of free enterprise and individual freedom account for Macedonia’s recent success. In contrast to the United States’ post-crisis management, Macedonia has reduced taxes, eased regulations, and simplified bankruptcy law. As a result, Macedonia suffered only a modest recession in 2009 and is back on a …
