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  • Commentary posted January 13, 2014 by Ambassador Terry Miller America's Dwindling Economic Freedom

    World economic freedom has reached record levels, according to the 2014 Index of Economic Freedom, released Tuesday by the Heritage Foundation and The Wall Street Journal. But after seven straight years of decline, the U.S. has dropped out of the top 10 most economically free countries. For 20 years, the index has measured a nation's commitment to free enterprise on a…

  • Issue Brief posted July 9, 2013 by Ambassador Terry Miller, Ryan Olson Punitive Trade Sanctions on Bangladesh Not the Way to Improve Labor Conditions

    In response to poor labor conditions in Bangladesh, the Obama Administration has moved to unilaterally impose trade sanctions by removing the country’s privileges under the Generalized System of Preferences (GSP). These actions follow two prominent workplace tragedies that have killed over 1,200 Bangladeshi workers in the past year. While these tragedies are horrific, the…

  • Issue Brief posted April 18, 2013 by Ambassador Terry Miller, Anthony B. Kim Promoting Economic Freedom: Key to Realizing the World Bank’s Mission

    In an April 2 speech, World Bank President Jim Yong Kim set out the ambitious goal of ending extreme poverty within a generation.[1] Outlining a bold development agenda in advance of the World Bank–IMF spring meetings from April 19 to 21, Kim emphasized the importance of fostering “inclusive growth” and building “a science of delivery for development.” The search for a…

  • Commentary posted January 9, 2013 by Ambassador Terry Miller In the Index of Economic Freedom, Liberalization Slips

    The foundations of economic freedom are weakening around the world, according to the 2013 Index of Economic Freedom, published today by the Heritage Foundation and The Wall Street Journal. Particularly concerning are the rise of populist "democratic" movements that use the coercive power of government to redistribute income and control economic activity. In the post-Arab…

  • Special Report posted October 25, 2012 by Bryan Riley, Ambassador Terry Miller 2013 Index of Economic Freedom: No Boost in Trade Freedom

    Abstract: The Heritage Foundation has been tracking and ranking trade freedom around the world since 1995. The rankings have consistently shown a correlation between trade freedom and improved lives for people around the world—and vice versa. The latest rankings, in the forthcoming 2013 Index of Economic Freedom, once again confirm that connection. For that reason, it is…

  • Issue Brief posted September 24, 2012 by Ambassador Terry Miller, Brett D. Schaefer, Lisa Curtis, James Phillips, Helle C. Dale Top Five Statements Obama Should Make to U.N.

    On September 25, President Obama will address the U.N. General Assembly. With anti-American protests continuing throughout the Islamic world and setbacks to key U.S. foreign policy goals, the President should deliver a strong, confident speech that reflects America’s determination to defend its interests and serve as a constructive force for good. President Obama…

  • Commentary posted September 19, 2012 by Ambassador Terry Miller Economic Freedom the Real Antidote to Arab Unrest

    The recent attacks on U.S. diplomatic outposts in the Middle East are certainly disappointing, but the U.S. still has a big opportunity to exert a positive influence in the region. An often overlooked contributor to the region’s highly combustible condition is a pervasive lack of economic opportunity and economic freedom. Our free market system is just what the region…

  • Backgrounder posted September 12, 2012 by Derek Scissors, Ph.D., Charlotte Espinoza, Ambassador Terry Miller Trade Freedom: How Imports Support U.S. Jobs

    Abstract: It is a common misperception that importing goods to America comes at the cost of American jobs. In fact, imports contribute to job creation on a large scale. The increased economic activity associated with every stage of the import process helps support millions of jobs in the U.S. This Heritage Foundation analysis shows that over half a million American…

  • Commentary posted August 22, 2012 by Ambassador Terry Miller Big Government and Political Instability Intertwined

    The economic crisis in Europe is highlighting a truth about big government that should start alarm bells ringing in the United States: When governments reach a certain size and influence in the economic lives of citizens, every economic crisis becomes a political crisis, too. When government takes over responsibility for finance, production and jobs, the competitive…

  • Special Report posted July 31, 2012 by Anthony B. Kim, Ambassador Terry Miller Commemorating Milton Friedman’s 100th Birthday with the Index of Economic Freedom

    Abstract: July 31, 2012, is the one hundredth anniversary of the birth of the great economist and thinker Milton Friedman. It was Friedman who first suggested that the economic freedom of countries be measured and monitored, and The Heritage Foundation has been doing so since 1995 in its Index of Economic Freedom. Friedman’s most important legacy is unquestionably the…

  • Issue Brief posted May 17, 2012 by Ambassador Terry Miller, Anthony B. Kim G8 Food Security Agenda Should Encourage Greater Economic Freedom, Not More Dependency

    President Obama is hosting the 38th annual G8 summit May 18–19 at Camp David. It is expected to be “a short summit of less than 24 hours, yielding only a five-page communiqué.”[1] The deplorable reality is that in recent years, the credibility and relevance of the G8 summit has been increasingly tarnished. The annual summits have become little more than feel-good…

  • Issue Brief posted April 19, 2012 by Ambassador Terry Miller, Anthony B. Kim Advancing Economic Freedom Through the World Bank: A Worthy Goal for Jim Yong Kim

    On April 16, Dr. Jim Yong Kim, president of Dartmouth College, was elected as the next president of the World Bank. Kim, a physician with a background in public health, prevailed after an unusual race contested by two highly regarded economists from Nigeria and Colombia. Kim’s background raises plenty of questions regarding his suitability for the job and particularly his…

  • Product released on January 17, 2012 by Anthony B. Kim, Ambassador Terry Miller Index of Economic Freedom

    The Index covers 10 freedoms – from property rights to entrepreneurship – in 184 countries.…

  • Commentary posted November 17, 2011 by Ambassador Terry Miller Government as Economic Savior is Decidedly un-American

    The U.S. has a lot more in common these days with the struggling economies of Europe than we’d like to admit. High unemployment, stagnant growth and government debt that would take an entire year’s GDP to repay are all symptoms we share - symptoms of massively overloaded governments trying to meet the expanding expectations of our populations. For the U.S., at least, it…

  • Play Movie Terry Miller on the Euro Crisis on FBN Video Recorded on October 26, 2011 Terry Miller on the Euro Crisis on FBN

    Terry Miller discusses the Euro crisis.…