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The Power of Economic Freedom: A Catalyst for Prosperity

Discover the impact of economic freedom on per capita GNI, growth rates, price stability, and employment. Learn about the positive correlations between economic freedom and higher income levels, life expectancy, literacy, and more.

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The Power of Economic Freedom: A Catalyst for Prosperity

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  1. The Catalyst of Economic Freedom • In 2006, free economies had per capita GNI of $29,219, more than twice that of countries that were mostly free, and more than four times that of countries that had mostly non-free economies. • Similar patterns exist regarding income levels, growth rates, price stability, and employment. • In addition, reports find positive correlations between economic freedom and higher average income per person, higher income for the poor, higher life expectancy, higher literacy, lower infant mortality, and less corruption • .

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