trade

2017 Index of Economic Freedom: Trade and Prosperity at Risk

The latest rankings of trade freedom around the world, in the forthcoming 2017 Index of Economic Freedom, once again demonstrate that citizens of countries that embrace freedom to trade are better off than those in countries that do not. The data continue to show a strong correlation between trade freedom and a variety of positive indicators, including economic prosperity and unpolluted environments.

The idea behind freedom to trade is simple: People are better off when they decide for themselves how to spend their money than when politicians or bureaucrats decide for them. This is hardly an elitist point of view. The 2017 Index of Economic Freedom shows that reducing trade barriers remains a proven recipe for prosperity. Governments interested in higher economic growth, less hunger, and better environmental quality should promote freedom, not pander to special interests who want to restrict it.

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