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    Amid Woes, Emerging Markets Need More Economic Freedom

    Global markets are huffing and puffing and trying to blow the BRICs down. Some of the BRICs—Brazil, India, and China in particular, along with other emerging markets such as Turkey—are feeling the pinch as their economies weaken and currencies slide. This week, central bankers from Turkey and Brazil are considering … More

    Wal-Mart and Economic Freedom in India

    Wal-Mart recently decided to part ways with the Indian firm Bharti, thus ending its efforts to penetrate India. The breakdown in cooperation between the Indian and American firms highlights some of the hardships that businesses face when considering operating in India. Due to strict foreign direct investment (FDI) regulations, undeveloped … More

    North Carolina: Prospering from Trade

    North Carolina’s congressional delegation has been among the most protectionist in the country. This is odd, considering that record levels of trade are creating well-paid jobs for many citizens of the state. North Carolina merchandise exports rose to nearly $29 billion in 2012, up 6 percent over the prior year … More

    Kosovo’s Independence Welcome, but Work Still to Be Done

    Republic of Kosovo’s Prime Minister Hashim Thaci, in his February 17 speech commemorating the 5th anniversary of the country’s independence, expressed pride in his country’s visible accomplishments, but noted appropriately his awareness that “we need to do much more.” Indeed. Despite notable reforms since independence, the foundations of economic freedom … More

    Upstate South Carolina: A Case Study in Free Trade Benefits

    Greenville, South Carolina, is the ninth-fastest growing city in the United States, according to CNN Money. Two of the main contributors to this rapid growth are trade liberalization (free trade) and foreign direct investment. The upstate of South Carolina, which includes the city of Greenville and small towns of Spartanburg … More

    Unleash the Market: U.S.–India Economic Relations

    The U.S.–India economic relationship is undeniably expanding. The question is how to maximize it. A recent report published by The Heritage Foundation, “Unleashing the Market in the U.S.–India Economic Relationship, Part I,” begins to answer that very question. The publication sheds light on what could happen if the largest economy … More

    There is Something Missing From India FDI Debate

    A beleaguered Indian federal government tried last week to break out of its rut and boost what is finally recognized as a struggling Indian economy. It did so with a bold and valuable decision to expand foreign participation in retail. Foreign companies will be able to wholly own single-brand stores … More

    Global Investors Prefer the United States, Not China

    Conventional wisdom has it that China’s growing economy poses a serious threat to America’s status as a global economic superpower. The media and politicians repeat time and again that the United States is losing much of its manufacturing base to China and that American jobs are disappearing as a result. … More

    Foreign Investment Creates Jobs in the United States

    America’s bleak jobs picture would be even worse if not for foreign direct investment (FDI) in the U.S. economy. FDI in U.S. factories and property offers firms a source of new technologies, capital, products, and organizational skills, and it fuels economic growth. Most importantly, FDI creates jobs. According to the … More

    When Trade is Free, the U.S. Gains Investment and Jobs

    The argument against U.S. companies investing abroad typically goes as follows: “Companies are just trying to substitute cheap foreign labor for expensive U.S. labor. The United States loses jobs, capital, and technology when companies go offshore to employ cheaper foreign labor.” While that may be true for individual companies, the … More