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  • Don’t Be Fooled - Trade Deficits Are Just Fine

    There is a major misconception in the United States concerning the balance of trade and jobs. Many equate trade deficits and increases in imports as bad for employment. They could not be more wrong. In fact, higher imports are a signal of prosperity and plentiful jobs. When a country’s economy … More

    The Arab Spring: The Need for Private Property Rights

    There is more the President could do during his Middle East trip to improve the stability in the region: He should promote economic freedom. The Middle East and North Africa are two regions where countries lack the institutions to protect private property rights. In his recent Wall Street Journal op-ed, … More

    North Carolina: Prospering from Trade

    North Carolina’s congressional delegation has been among the most protectionist in the country. This is odd, considering that record levels of trade are creating well-paid jobs for many citizens of the state. North Carolina merchandise exports rose to nearly $29 billion in 2012, up 6 percent over the prior year … More

    Mexico Strikes a Blow Against Corruption

    Mexico’s new president, Enrique Peña Nieto, has made clear that his re-election does not signal a return to the old days of corruption and cronyism when his party, the Institutional Revolutionary Party (PRI), and its public-sector unions ruled Mexico virtually unopposed for 70 years. To prove this point, one need … More

    Rule of Law Essential for Business

    In a globally competitive world, competition is key. Fundamental for competition is the rule of law, according to Myron Brilliant, Senior Vice President for International Affairs of the U.S. Chamber of Commerce, who spoke at a recent Heritage Foundation event. In his remarks, which elaborated on a chapter he contributed … More

    Mexico Poised to Become an "Aztec Tiger"

    Newly installed Mexican President Enrique Peña Nieto is seeking to revamp Mexico’s economy, and one tool he has already pursued is labor reform. It is long overdue. According to the 2013 Index of Economic Freedom, published by The Heritage Foundation and The Wall Street Journal, Mexico ranks below the world … More

    Upstate South Carolina: A Case Study in Free Trade Benefits

    Greenville, South Carolina, is the ninth-fastest growing city in the United States, according to CNN Money. Two of the main contributors to this rapid growth are trade liberalization (free trade) and foreign direct investment. The upstate of South Carolina, which includes the city of Greenville and small towns of Spartanburg … More

    Mongolia: Advancing the Rule of Law Key to Economic Success

    Mongolia continues to make strides toward economic freedom. The Economist recently predicted that Mongolia would have the second-fastest-growing economy in the world in 2013. Mongolia has been developing a modern and vibrant economy with a rapidly growing mining sector, which has generated double-digit growth rates for the country in recent … More