Logo
Munich Personal RePEc Archive

Freedom as the key to prosperity: Lessons from the world's growth miracles and economic disasters

Hlavac, Marek (2010): Freedom as the key to prosperity: Lessons from the world's growth miracles and economic disasters.

[thumbnail of MPRA_paper_25563.pdf]
Preview
PDF
MPRA_paper_25563.pdf

Download (194kB) | Preview

Abstract

What do China, Estonia, Germany, India, Chile, South Korea and Slovakia all have in common? They have all enacted free-market reforms, and have seen their inhabitants’ living standards soar as a result. This essay describes how free-market policies have improved economic performance in these “growth miracles.” We will also draw contrasts with the policies adopted by governments in some “economic disasters” – countries that have failed to improve the economic well-being of their populations. The lessons we learn from these comparisons paint a clear picture: A country’s economy performs best when its policies lead to greater economic freedom, limit the role of government, and promote respect for the rule of law.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.