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  • Index of Economic Freedom

    Heritage's Feulner in South Korea to Welcome Its New President

    Heritage Foundation President Dr. Edwin Feulner is in South Korea on Monday attending the inauguration of Park Geun-hye as that nation’s new president and successor to Lee Myung-bak. Feulner has remained a stalwart advocate for Korea-U.S. relations for more than 40 years, and in that time has met with every … More

    Rule of Law Essential for Business

    In a globally competitive world, competition is key. Fundamental for competition is the rule of law, according to Myron Brilliant, Senior Vice President for International Affairs of the U.S. Chamber of Commerce, who spoke at a recent Heritage Foundation event. In his remarks, which elaborated on a chapter he contributed … More

    Islamist Threat Spreads from Mali into Nigeria, Threatening U.S. Energy Security

    French President Francois Hollande told reporters yesterday that Boko Haram, an Islamist terrorist group based in Nigeria, abducted a French family of seven, including four children, in northern Cameroon. Hollande noted the continuing role of France in the fight against Islamist radicals in Mali and said the French parents and … More

    Corruption Victimizes the Poor in the Americas

    The recently launched “Americas Barometer,” by Vanderbilt University’s Latin American Public Opinion Project (LAPOP), includes important insights about day-to-day corruption burdening citizens in every country in the Western Hemisphere, including the U.S. and Canada. According to a LAPOP poll, one in five people report that they had to pay at … More

    Mexico Poised to Become an "Aztec Tiger"

    Newly installed Mexican President Enrique Peña Nieto is seeking to revamp Mexico’s economy, and one tool he has already pursued is labor reform. It is long overdue. According to the 2013 Index of Economic Freedom, published by The Heritage Foundation and The Wall Street Journal, Mexico ranks below the world … More

    Declining Economic Freedom and Growing Statism: The BRICs Are Hitting the Wall

    Economist Nouriel Roubini warned late last month at the World Economic Forum that economic growth in the so-called BRIC countries (Brazil, Russia, India, and China) is at risk: Their past successes were “hyped up,” and the futures of the BRICs are at risk due to rising statism. This rising risk … More

    Waiting for Hugo Chavez: Theatrics and a Languishing Economy

    It has now been two months since Venezuela President Hugo Chavez departed Miraflores Palace (Venezuela’s White House) to undergo cancer surgery in Havana, Cuba. Very little is known about Chavez’s health. So far the only proof of life presented by senior officials are reported visits to the hospital where Chavez … More

    Free Trade Twist: China No Longer Cheapest Labor

    As wages in China rise with economic growth, some companies are beginning to look elsewhere for what was once China’s selling point: cheap labor. It just highlights the power that free trade provides—growing economies and raising living standards. Consider that wages in China are five times greater than they were … More

    Trade Deficit Doesn't Matter - Trade Freedom Does

    On February 8, the government will release data on imports and exports for 2012. This annual release often ignites a misguided debate about trade deficits. A recent news report perpetuated a popular misstatement about how international trade works: Net imports suck cash out of the economy, subtracting from gross domestic … More

    Reagan’s Legacy: Economic Freedom

    In his January speech, the President spoke eloquently: “One of the greatest contributions the United States can make to the world is to promote freedom as the key to economic growth. A creative, competitive America is the answer to a changing world, not trade wars that would close doors, create … More