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    Congress Tells MCC to Get Back to Basics

    Buried in the 1,582-page, trillion-dollar “omnibus” budget bill for fiscal year 2014 is some very tough language that in essence orders the Millennium Challenge Corporation (MCC) to focus on corruption and demand that aid-receiving countries be held accountable for the outcomes of their economic policies. The report reminds us that … More

    Obama’s MCC Rewards Bad Behavior in El Salvador

    Last week, the U.S. government’s Millennium Challenge Corporation (MCC) approved a five-year, $277 million foreign aid compact with El Salvador. But, as Mary O’Grady reports in The Wall Street Journal, since the ruling FMLN party came to power in 2009, El Salvador has become poorer, less democratic, and less free. … More

    U.S. Should Support Full Integration of Taiwan into Regional Economy

    A growing economic relationship between Taiwan and India would be a very positive development in Taiwan’s effort to become fully integrated into the regional economy. The U.S. should encourage it. Taiwan hopes that a recent report funded by India’s Ministry of External affairs and released by India’s Council for Research … 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

    Millennium Challenge Corporation Goes Off Course in Georgia

    The U.S. government’s Millennium Challenge Corporation (MCC) Board of Directors recently approved a five-year, $140 million compact with the nation of Georgia “to increase the quality of human capital by investing in science and technology education and workforce development” with an emphasis on science, technology, engineering, and math (STEM)” and … More

    Bangladesh: Keys to a Better Future

    “If there is any roadblock to us [moving Bangladesh to a better future], it is not the economy.… It is the political structure and the political leadership,” Dr. Ali Riaz, a professor at Illinois State University said at a recent event hosted by The Heritage Foundation. Bangladesh’s economic development, while … More

    Egypt: Egyptians Want Greater Economic Freedom Before Democracy

    For many ordinary Egyptians, fixing the economy is key. They are demanding a functioning economy that works under the rule of law. In fact, protesters have been demanding greater economic freedom, not necessarily greater democracy. Recognizing the critical distinction between these two cannot be overemphasized. In his thought-provoking chapter featured … More

    G8 Summit: Fight Global Hunger with Economic Freedom

    This week, President Obama is in Lough Erne, Northern Ireland, for the G8 summit, an annual meeting of the world’s wealthiest countries: the U.S., Canada, France, Germany, Italy, Japan, Russia, and the United Kingdom. Last year, world hunger was on the agenda as the President hosted G8 leaders at his … More

    To Prevent Another Factory Tragedy, Bangladesh Should Embrace Economic Freedom

    Over the past two weeks, the world has looked on in shock and horror as the mangled bodies of Bangladeshi garment workers were pulled from the rubble of their collapsed factory. To date, over 600 people have been killed. So far, much of the blame has been directed at the … More

    Message to Obama Council: Economic Freedom Leads to Global Development

    The new crop of nominees for President Obama’s Global Development Council need look no further than The Heritage Foundation’s just-published 2013 Index of Economic Freedom for inspiration. When the President announced the creation of the council last year, its stated purpose was to provide guidance on new developments and ideas … More