Reduced government spending! A decreasing deficit! Improved labor freedom! Solid banking policy! An economy growing at 5%! Things Washington policymakers can only dream of, but for one country previously captured behind the Iron Curtain economic freedom is delivering growth.
Latvia had been slipping in The Heritage Foundation’s Index of Economic Freedom until this past year when economic freedom enhancing government reforms began to take effect, and delivering results. Latvia is now better positioned than many other countries on both sides of the Atlantic to achieve economic stabilization and regain robust levels of economic growth. How did the nation implement reforms to achieve GDP growth of 5.5%? Why is Latvia advancing in the right direction while so many countries have stagnant economic freedom? Economic freedom is the proven path to economic growth and prosperity.
Join us for a discussion of the policy reforms driving remarkable progress in Eastern Europe.
For more information, visit Latvia's Country Profile from the 2013 Index of Economic Freedom
More About the Speakers
His Excellency Andris Vilks
Minister of Finance, Latvia
His Excellency Ilmars Rimsevics
Bank of Latvia President
Ambassador Terry Miller
Director, Center for Data Analysis and the Center for International Trade and Economics and Mark A. Kolokotrones Fellow in Economic Freedom