According to the 2012 Index of Economic Freedom, a joint publication of The Heritage Foundation and The Wall Street Journal, global economic freedom has declined over the past year. But what does this mean for America and the world?
Economic freedom empowers ordinary people with greater opportunity and individual choice, and it lets people decide for themselves how best to achieve their highest aspirations. From the amount a government spends, to the individual property rights extended to its citizens, a nation’s economic freedom is closely tied to key values like the elimination of poverty and freedom from corruption.
To learn more about economic freedom and view the 2012 Index country rankings, visit us online at heritage.org/Index