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    Sri Lanka: Most Economically Free South Asian Nation

    Sri Lanka has maintained its position as the most economically free nation in South Asia, according to the 2014 Index of Economic Freedom. The country has a sustained annual growth rate of 6 percent since 2010 and continues to pursue economic reforms and liberalization. Despite a dip in its global … More

    Asia: What’s at Stake for America

    The Heritage Foundation’s Asian Studies Center recently released “A New View of Asia: 24 Charts That Show What’s at Stake for America,” an annual publication highlighting the critical importance of U.S.–Asia relations. The report documents in graphic form important economic, geographic, military, and political trends in the region and emphasizes … More

    Time to Transform the African Growth and Opportunity Act

    U.S. trade with Africa is estimated to have generated about 100,000 jobs in the United States in the past 13 years, due to the African Growth and Opportunity Act (AGOA) of 2000. American and African officials recently met at the annual AGOA Forum in Ethiopia’s capital of Addis Ababa to … More

    Expiration of Trade Preference Program Means Higher Prices

    On July 31, the Generalized System of Preferences (GSP) expired. GSP is a program that waives tariffs on thousands of products that Americans import from developing countries. In 2012, the program reduced tariffs by $742 million. As House Ways and Means chairman Dave Camp (R–MI) observed, “GSP provides important benefits … 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

    Why Don't We Have Free Trade with Every Country?

    With a July 31 expiration date fast approaching, both the House and Senate last week introduced legislation that would extend free trade preferences to developing countries under the Generalized System of Preferences (GSP). Introduced with broad bipartisan support, the extension was lauded by both sides of the aisle for supporting … 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

    President Obama, Bangladesh Has Faced Enough Tragedy, Don’t Take Away Jobs, Too

    Since late last year, workers in Bangladesh have been beset by tragedy after tragedy. First there was a factory fire that killed over 100 garment workers in November. Then last month a garment complex collapsed, killing over 1,000 people. Now, as if to add insult to injury, the Obama Administration … More

    Rep. Charles Rangel Mischaracterizes Heritage Position on Trade with Cuba

    Representative Charles Rangel (D–NY) has a mixed record on trade freedom. And he voted “no” in October 2011 for the free trade agreement with Colombia, a trade agreement The Heritage Foundation supported. Now Rangel wants to free the way for trade with Cuba, a totalitarian dictatorship, and to back his … More