Source: Cobden Centre
by Adithyan Puthen Veettil
“Global economic freedom is on the decline: That could be a quick summary of the report published by the Heritage Foundation that keeps track of global economic freedom. The pandemic has caused governments across the world to take control of their economies. The war in Ukraine will also lead to countries backsliding their economic freedom. Why is economic freedom important? What is key to economic growth and prosperity? Even today, the Washington consensus is held to be the best policy recommendation for economic development.” (05/25/23)