Wednesday, 16 January 2013

Report: 2013 Index Of Economic Freedom

The latest rankings of trade freedom around the world, developed by The Heritage Foundation and The Wall Street Journal in the forthcoming 2013 Index of Economic Freedom, once again demonstrate how citizens of countries that embrace free trade are better off than citizens of countries that do not. The case for pending trade agreements, such as the Trans-Pacific Partnership and Africa’s Continental Free Trade Area, is bolstered by international statistics showing a strong correlation between trade freedom and a variety of positive indicators, including economic prosperity, low poverty rates, and clean environments. Worldwide, the average trade freedom score remained  unchanged from 2012, at 74.5 of a possible top score of 100. Although trade freedom remains at the second-highest level since The Heritage Foundation began tracking it in 1995, it is troubling that progress has stalled in recent years

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