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    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

    Q&A on Egypt

    Heritage expert James Jay Carafano, vice president of Foreign and Defense Policy Studies and the E. W. Richardson Fellow, gives his answers to questions about the turmoil in Egypt. Q. Is President Mohamed Morsi’s downfall a blow to democracy in the Middle East? A. No, far from it. Morsi was … More

    Young Africans Need Economic Freedom, Not Lectures About Climate Change

    Speaking to students during his recent trip to Africa, President Obama said that “if everybody is raising living standards to the point where everybody has got a car and everybody has got air conditioning, and everybody has got a big house, well, the planet will boil over—unless we find new … More

    Egypt Protests: One Reason for the Unrest

    Although millions have marched again in the streets of Cairo in recent days, it is still uncertain whether the revived demonstrations will deliver much-needed economic and political reforms that the people have demanded. Yet the struggles in Egypt clearly highlight an important truth: Economic freedom matters. A stagnant domestic economy … More

    Trade Deficit Worry Warts Ignore $26 TRILLION in Foreign Investment

    The U.S. Bureau of Economic Analysis (BEA) recently reported that job-creating foreign investment in the United States is approaching $26 trillion. In the first quarter of 2013, the value of foreign investment in the United States increased by $394 billion. That includes investments in U.S. stocks and bonds, government securities, … More

    Time to Upgrade the African Growth and Opportunity Act

    Africa is increasingly viewed as “a hopeful continent” whose next 10 years can be even better economically than the last 10. In this evolving economic reality, the United States should seize the opportunity to reinforce its vision of economic freedom and prosperity in the region. In his first public speech … 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

    Brazil Turns Away from Capital Controls

    Last week, Brazil announced that it is finally eliminating its most prominent tax on foreign portfolio investment. This reversal is the most recent reminder of the negative effects of capital controls. Capital controls are measures, sometimes in the form of taxes or fees, that limit the movement of capital into … More

    The World Bank Must Defend “Doing Business” Report

    Jim Yong Kim, president of the World Bank, faces perhaps the most critical decision in his presidency so far. He must defend the Bank’s annual “Doing Business” report from attacks by China and some nongovernmental organizations (NGOs). His failure to do so will have far-reaching negative impacts on the World … More

    A Conservative Agenda for Trade: Eliminate the Threat of Tariffs

    When it comes to trade, the ultimate objective for conservatives should be to eliminate tariffs—not just reduce some or all, but take them completely off the table and make it as difficult as possible to impose or threaten to impose tariffs (or quotas). Many Americans believe that tariffs are a … More