While many parts of the globe celebrate the 2010 World Cup, Canada is quietly showing off its competitive edge in another world cup by advancing policies that promote freer trade and economic freedom. Canadian lawmakers recently scored a nice goal by approving a free trade pact with Colombia, a move …
In a rather confessional tone, Jeffrey Sachs declared in his recent op-ed: The global fiscal stimulus championed last year by the Obama administration is coming undone, repudiated by the same Group of 20 that endorsed it last year. Now, against a backdrop of a widening sovereign debt crisis, we need …
In remarks on World Environment Day, the Director-General of the World Trade Organization (WTO), Pascal Lamy, pointed out that, “Trade opening has much to contribute in the fight against climate change and to the protection of the environment.” Indeed, the most practical improvements in energy efficiency and protecting the environment …
The Organization for Economic Cooperation and Development, a group often seen as an exclusive club of rich countries, voted unanimously on Monday to admit Israel. The admittance of Israel, along with two other new members (EU members Estonia and Slovenia) brings OECD membership to 34 countries. OECD membership rewards the …
The Greek financial crisis and its spillover effects in Europe provide a scary look at America’s possible economic future if we don’t get our economic house in order. Underneath the big bailout numbers ($146 billion rescue package for Greece; trillion dollar support for the Euro and European government bonds) are …
The United States has the second highest corporate tax rate of any of the 30 countries in the Organization for Economic Cooperation and Development (OECD) – a collection of the most economically developed countries in the world. The federal rate is 35 percent. Add on the average state corporate income …
Economic freedom boosts job growth, as the Heritage Foundation’s 2010 Index of Economic Freedom empirically demonstrates. Now, there is more evidence in a state-level study just released by the Federal Reserve Bank of St. Louis, “Economic Freedom and Employment Growth in the U.S. States.” According to the Fed research, “states …
In his latest article in Foreign Affairs, Carl J. Schramm, president and CEO of the Ewing Marion Kauffman Foundation, calls for “expeditionary economics” a new strategy for reconstructing economies of post-conflict countries. Pointing out that the current U.S. Army Stability Operations field manual “epitomizes the central-planning mindset that prevails in …
The Honorable Zoran Stavreski, Deputy Prime Minister and Minister of Finance for the Republic of Macedonia, spoke at The Heritage Foundation on April 23rd about the economic reforms that have helped his country weather the recent global storm. According to Stavreski, adherence to the principles of free enterprise and individual …
