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  • Index of Economic Freedom

    The Arab Spring: The Need for Private Property Rights

    There is more the President could do during his Middle East trip to improve the stability in the region: He should promote economic freedom. The Middle East and North Africa are two regions where countries lack the institutions to protect private property rights. In his recent Wall Street Journal op-ed, … 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

    Obama Middle East Trip: Leading from Behind Doesn’t Work

    This week, President Obama travels to the Middle East, including his first visit to Israel since becoming commander in chief. The trip comes at a challenging time of declining U.S. leadership abroad and waning economic freedom and prosperity at home, a regrettable combination that the President’s own policies have created. … More

    Death of Chavez Could Resurrect Economic Freedom in Venezuela

    Although Hugo Chavez just died last week in Caracas, economic freedom predeceased him in Venezuela by at least a decade. When Chavez took power in 1999, the Venezuelan economy was rated at 54 points out of 100, according to The Heritage Foundation/Wall Street Journal’s annual Index of Economic Freedom. This … More

    Unemployment Remains a Stumbling Block in the Eurozone

    January’s unemployment numbers for the 17 countries of the eurozone has moved closer to 12 percent. This underscores the strong economic headwinds that face these member nations as they continue to grapple with an ongoing economic crisis. This same data reveals deep internal chasms within the eurozone between the economically … More

    Attention, Reporters: A Trade Deficit Is Not Bad

    The latest trade deficit figures are out, and, as always, most reports fail to accurately explain what these numbers mean. Consider the following widely reported statement: A narrower trade gap boosts growth because it means U.S. companies are earning more from overseas sales while U.S. consumers and businesses are spending … More

    Advancing Economic Freedom: Leading from Behind Doesn’t Work

    Advancing economic freedom around the world has markedly stagnated in recent years, particularly due to the lack of America’s leadership, says Terry Miller, chief editor of The Heritage Foundation’s Index of Economic Freedom, in a recent interview with the Langley Intelligence Group Network. According to Miller: Historically, the United States … More

    America’s Next Trade Chief Should Focus on Promoting Greater Trade Freedom

    Senator Max Baucus (D–MT), chairman of Senate Finance Committee, urged strong and unrelenting political leadership in pursuing a comprehensive free trade pact between the U.S. and the European Union. He highlighted the importance of choosing an effective and experienced leader as America’s next trade czar in his recent Financial Times … More

    Latin America: If You Want to Lower Inflation, Avoid Price Controls!

    The recently reelected president of Ecuador, Rafael Correa, wants people to know he is determined to fight inflation through combating “speculation.” A noble goal, to be sure. But the weapons chosen for that battle by President Correa—a PhD economist trained at the University of Illinois—actually will doom his anti-inflation campaign. … 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