New Direction was privileged to host the launch of the 2014 Index of Economic Freedom with James M. Roberts.Today, we live in the most prosperous time in human history. Poverty, sicknesses, and ignorance are receding throughout the world, due in large part to the advancement of economic freedom.
For more than two decades, the Index of Economic Freedom, an annual data-driven, cross-country analysis by The Heritage Foundation, Washington's No. 1 think tank in collaboration with The Wall Street Journal, has measured the impact of liberty and the free market around the globe.
The Index covers 10 freedoms – from property rights to entrepreneurship – in 186 countries.
In 2014, the six freest economies were Hong Kong, Singapore, Australia, Switzerland, New Zealand and Canada. Switzerland was Europe’s regional leader.
Four emerging economies have achieved notable score gains over the past five years. With a cumulative score increase of over five points, Colombia, Poland, the United Arab Emirates and Indonesia have recorded five years of sustained growth in economic freedom, successfully navigating the global economic uncertainty.
Mr Roberts discussed the principles of economic freedom and called on all those at the launch to promote these ideas in their homes, schools and communities.
Learn more about the index at www.heritage.org/index
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