Economic freedom ensures human rights; strengthening and expanding it guarantees an individual's natural right to achieve his or her goals and then own the value of what they create.The greater the economic freedom in a nation, the easier for its people to work, save, consume, and ultimately live their lives in dignity and peace.ECONOMIC FREEDOM 2008:
2008 Index for Economic Freedom
The Index of Economic Freedom, published annually by The Heritage Foundation and The Wall Street Journal, which measures economic freedom around the globe. The Index identifies strong synergies among the 10 key ingredients of economic freedom, which include, among others, openness to the world, limited government intervention, and strong rule of law. The empirical findings of the Index confirm that greater economic freedom empowers people and improves quality of life by spreading opportunities within a country and around the world.
The empirical findings also confirms that there exsists a robust relationship between economic freedom and prosperity. People in countries with either "free" or "mostly free" economies enjoy a much higher standard of living than people in countries with "mostly unfree" or "repressed" economies.