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  • Free Trade Comes to Central Asia

    Heirs to the ancient traders of the Silk Road, rejoice! If all goes according to plan, Tajikistan, Kazakhstan, and Turkmenistan will join the World Trade Organization (WTO) in 2013, connecting the lonely highlands and steppes of Central Asia with the markets of the 157 WTO members. The accession of these … More

    World Economic Forum: An Opportunity to Promote Economic Freedom

    Masters of the world’s economies are converging on the small resort town of Davos, Switzerland, this week for the annual World Economic Forum (WEF). These “Davos M[e]n” include the world’s top business leaders, central bankers, and politicians. Aside from all the glad-handing, participants of the WEF will discuss some of … More

    Financial Freedom: The Solution to Ailing India Economy

    India’s consumers might have been jealous of King Midas’s touch. The country’s historical affinity for gold has reached new extremes thanks to a weak economy, a falling rupee, and poor financial alternatives. In the past year, India’s economy has been beleaguered by poor performance. Corruption, a lack of competitiveness, and … More

    Note to President Hollande: Investors Say "Oui" to Economic Freedom

    French President Francois Hollande and his marketing gurus are on the offensive with their “Say Oui to France” campaign, meant to convince investors that the French economy is worthy of their money. Among the selling points: France’s large population; thriving nuclear, aerospace, and chemical sectors; and good location. According to … More

    Another Union Strike Would Have Ripple Effect on Economy

    Ongoing negotiations over pay and benefits between the International Longshoremen’s Association (ILA) and U.S. port operators highlights the economic risks when unions monopolize labor markets. They also remind us that imports do, in fact, create jobs. Since March the longshoremen have been in heated discussions with 14 ports along the … More

    Big Chemical: For Natural Gas Exports Before They Were Against Them

    As the country waits with bated breath for the Obama Administration to belatedly approve nearly a dozen natural gas export projects, big chemical companies are lining up in opposition. Leading the charge is Michigan-based Dow Chemical, whose corporate leadership recently voiced its strong opposition to natural gas exports. According to … More

    U.S. Should Export Natural Gas

    A long-awaited report on natural gas exports was finally released by the Department of Energy (DOE) last week. Unsurprisingly, it concluded that exporting natural gas would bring a net economic benefit to the U.S. economy, with most benefits being realized as economies of scale in gas production increase. With the … More

    Farm Subsidies Hurt the Poor Worldwide

    Got milk? The European Parliament sure does. European dairy farmers were in Brussels this week to protest proposed changes in dairy regulations. Protestors doused the parliament building with milk and capped off a rough 10 days for the European Union (EU) capital following a failed summit last week over the … More

    Legalize Crude Oil Exports

    An energy renaissance is underway in the United States. According to a new report by the International Energy Agency (IEA), America’s decades-long dependence on foreign oil may soon be over. By the mid-2020s, the United States is set to surpass Saudi Arabia as the world’s largest oil producer. Even more … More

    Report: France Needs Shock Therapy to Jolt Its Economy Back to Life

    C’est la vie. Such is life in the French Republic, where unemployment is high, growth is low, and government is big. Since the global recession the French economy has been on life support, burdened by the suffocating presence of government in the economy and labor laws that reward lethargy. Thankfully, … More