Put simply, the greater a country’s economic freedom, the greater its level of prosperity over time. Likewise, the greater a country’s economic freedom, the faster it will grow. Economic freedom, which includes not only policies, such as free trade and stable money, but also institutions, such as the rule of law and the security of private property rights, increases more than income. It is also strongly related to improvements in other development indicators such as longevity, access to safe drinking water, lower corruption, and dramatically higher incomes for the poorest members of society.

More on Economic Freedom


Africa, Flying Blind and Miserable

By Steve H. Hanke. Forbes.com. May 15, 2019.

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Tanja Porčnik. The Market for Ideas. No. 13. September 2018.

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Public Filings

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By Ilya Shapiro, Eliott Engstrom, and Julio Colomba. Legal Briefs. March 3, 2015.

Ownership with Chinese Characteristics: Private Property Rights and Land Reform in the PRC

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Cato Reviews & Journals

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Former Centrally Planned Economies 25 Years after the Fall of Communism

James D. Gwartney and Hugo M. Montesinos. Cato Journal. Winter 2018.


Sweden: Lessons for America?

Featuring Johan Norberg and Ian Vásquez. September 13, 2018. Policy Forum.

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Why the IMF Should Not Intervene

By Ian Vásquez. February 25, 1998.