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  • Index of Economic Freedom

    Time to Go Global with Greater Economic Freedom

    The latest study by the McKinsey Global Institute reveals some astonishing facts concerning contributions of U.S. global companies to the American economy.  According to the report: With their share less than ONE percent of the total number of U.S. companies, U.S. international companies employ almost 20 percent of the U.S. … More

    A Lesson from the U.K.

    Seven of the eight economies ranked most free in the Index of Economic Freedom were once British colonies or trade posts. It’s no coincidence. Political institutions developed by the British such as representative democracy and rule of law provide a vital base for economic freedom. Yet the U.K. no longer … More

    Canada Advances in the World Cup of Economic Freedom

    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 … More

    The Link Between Economic Freedom, Opportunity, and Recovery

    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 … More

    Freer Trade is Key to a Cleaner Environment and Green Growth

    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 … More

    The Road to Economic Freedom and the OECD

    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 … More

    Europe 2010: A Glimpse of America’s Economic Future?

    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 … More

    High Corporate Income Tax Rate Driving Jobs Overseas

    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 … More

    Economic Freedom Propels Job Creation

    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 … More

    Economic Freedom: Key to Post-Conflict Recovery

    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 … More