• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • As Fed Tapers, More Central Bank Independence Needed

    This week finance ministers and central bank officials from around the world will converge on Washington for the spring meetings of the World Bank and the International Monetary Fund. Discussions of monetary policy normalization are leading this year’s expansive schedule. One notable item missing from the agenda is discussion of … More

    Trade, Not Aid, Could Protect 100,000 Children in Africa

    President Obama’s proposed 2015 budget continues to put aside money for malaria prevention worldwide in the battle to help the 3 billion people at risk from the disease. Much of this money goes to sub-Saharan Africa, which accounts for 90 percent of all fatalities from Malaria. However, with responsible economic … More

    In Peru, Trade—Not Aid—Works Best

    Peru Bosques, a $38 million project included in the Peru Trade Promotion Authority that was meant to help the Peruvian government write a new forestry law, has not fared well, according to a 2012 audit by the U.S. Agency for International Development (USAID) inspector general. At the time of the … More

    Chile: Socialists Fire First Salvo at Pacific Alliance

    In office only a week, the new foreign minister of Chile, Heraldo Muñoz, is already signaling the intention of the government of Socialist president Michelle Batchelet to weaken the pro-free-market Pacific Alliance in favor of its more statist competitor, Mercosur. A move like this would seem to confirm rumors of … More

    Chevron Ruling Will Strengthen Rule of Law in Ecuador

    A New York federal court ruling this week sends a strong and positive message to Ecuador—that corrupt methods and practices that undermine the integrity of Ecuador’s judicial system will not be tolerated in the United States. They should not be tolerated in Ecuador, either. Two years ago, a court in … More

    U.S. Can Influence Russia by Promoting Regional Free Trade

    The Obama Administration is currently considering political and economic options to counter Russia. One option should be obvious: free trade and economic freedom. By advancing U.S. trade interests in Russia’s sphere of influence the U.S. can promote economic freedom and mutually beneficial exchange while at the same time putting pressure … More

    IMF Package to Ukraine Should Include Real Economic Reforms

    International Monetary Fund (IMF) officials beat the U.S. to the punch this week, arriving to discuss economic aid to Ukraine one day earlier than U.S. Secretary of State John Kerry. While Kerry promised $1 billion in loan guarantees from the U.S., the IMF is working on a $15 billion loan … More

    Spain: Get Economic Freedom Out of the Shadows

    Spain’s economy is finally pulling out of its recession, with growth accelerating from a standstill to a snail’s pace. This is a good sign for a country that has been in recession for nearly two years. But the official estimates of tepid growth in the formal economy are missing the … More

    Risky Business in Emerging Markets

    Emerging markets have been taking a beating in 2014. As money rushes out of these economies and currencies depreciate, central banks in Turkey, South Africa, and Brazil have been forced to intervene. Much of the diagnosis for emerging-market troubles has been focused on the U.S. Federal Reserve’s taper. The argument … More

    Amid Woes, Emerging Markets Need More Economic Freedom

    Global markets are huffing and puffing and trying to blow the BRICs down. Some of the BRICs—Brazil, India, and China in particular, along with other emerging markets such as Turkey—are feeling the pinch as their economies weaken and currencies slide. This week, central bankers from Turkey and Brazil are considering … More