Economy & Budget

Economic Freedom Opens Path for Prosperity

A 2017 report about economic freedom around the world shows that countries that allow entrepreneurs to apply their ingenuity to offer products and services that people really want and need exhibit much better economic growth than highly restrictive nations that desperately need an Independence Day similar to the one celebrated in the United States each July 4.

Countries that need the greatest infusion of freedom include North Korea, which ranked 180th and last among those on the list, Venezuela, ranked 179th to become the second worst among the nations included, and Cuba, which finished in the third worst spot to take 178th place. Ample evidence exists of the dynamic gains that flow from greater economic freedom, both for individuals and for societies, the Heritage Foundation report found.

Click here to read “Economic Freedom Opens Path for Prosperity.”


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