I would like to dedicate my first post to a view of the world from this perspective.
For more detail information visit: http://www.heritage.org/index/
This map is made by the Heritage Foundation and indicates the level of economic freedom in each country. Darker blue means that countries are more free.
At a first glance we can see there is a direct and unquestionable link between economic freedom and prosperity.
Countries like North Korea, Cuba, Zimbabwe and Venezuela have a repressed economy and have low levels of standard of living and are governed by ruthless dictators. On the other hand, others like Hong Kong, Singapore, Australia and USA have one of the highest standard of living and have stable democracies.
As Nobel-Prize economist Milton Friedman said: "You cannot have political and social freedom without a large measure of economic freedom."
No comments:
Post a Comment