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    Corruption Blocks Influence of Foreign Aid

    Why do some nations that receive U.S. foreign aid year after year never seem to improve, or move beyond the dependency phase? Perhaps the largest reason is corruption. It’s the “pre-existing condition” that keeps many aid recipients from ever recovering. It’s a major obstacle to economic growth, which is why … More

    Corruption—Not Just Terrorism—Threatens the Sochi Games

    While the world is focusing on a terror threat to Sochi and Russia during this month’s Winter Olympics, a prominent Russian opposition leader, Boris Nemtsov, warns that a terrorist attack is not the only danger. The Sochi Olympics have spotlighted Russia’s systemic problems, including corruption, which have led to poorly … More

    Protesters in Ukraine Are Demanding Economic Freedom

    The headlines coming out of Ukraine are tragic—and inspiring. Ukrainians are risking their lives and property for independence, a path to Europe, and freedom from political oppression. They are also demonstrating for economic freedom, courageously challenging a repressive government that has turned to Stalinist tactics to try to destroy them. … More

    The State of Economic Freedom in Asia

    Asia is home to some of the economically freest and least free nations in the world, according to the recently released Index of Economic Freedom. The Index, published yearly by The Heritage Foundation and The Wall Street Journal, surveys 186 countries and gives each country a score based on 10 … More

    Political Football Commercials? Just Be Glad You’re Not in Argentina

    The Obama Administration wanted to advertise Obamacare during NFL games this fall, but the NFL turned them down (although some individual teams have agreed to help out). But what if every ad during every football game were political? That’s the case in Argentina. In 2009, Argentina’s president, Cristina Fernández de … More

    Energy: As Mexico Finally Enters the 21st Century, Obama Parties Like It’s 1938

    Mexican President Enrique Peña Nieto recently announced the first, very timid steps to take Mexico’s energy sector—famously nationalized in 1938 by then-President Lázaro Cárdenas—forward into the 21st century. Meanwhile, President Obama seems intent on taking U.S. energy back to 1938—the original heyday for New Deal big-government types. Peña Nieto’s proposal … More

    Despite Victory Claim, Big Setback for Chavismo in Venezuela

    On April 14, some 14.8 million Venezuelans went to the polls to select a new president to replace Hugo Chavez, who died on March 5. By the narrowest of margins—reportedly fewer than 235,000 votes—it appears that Nicolas Maduro, candidate of Chavez’s United Socialist Party (PSUV), defeated opposition leader Henrique Capriles … More

    Cyprus Bank Bailout: Russia Partly to Blame

    As Cypriots come to grips with this week’s agreement to bail out its banks, Russian policymakers need to think about why their citizens are involved in this crisis. Around 40 percent of Cyprus bank deposits belong to Russian individuals or businesses, and accounts with more than 100,000 euros now face … 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

    DOE Sitting on Taxpayer Dollars Due to Negative Publicity

    Despite billions of dollars in unused loan authority remaining under the Department of Energy’s (DOE) Loan Programs Office, negative publicity surrounding the loan guarantee programs (which offer taxpayer dollars to government-approved companies) has tampered with applications, according to a new Government Accountability Office (GAO) report. More than $51 billion in … More