The question of why some countries are rich and prosperous whereas others seem to be condemned to the scourge of poverty has been around for centuries. Many factors have been argued to be the determinants of prosperity: geographical, cultural, historical, among others. Estonia is the living example that human progress is closely linked to economic freedom.
Monthly Archives: March 2018
Tariffs Were Killing New Zealand’s Economy. Free Trade Turned It Around.
In the mid-1980s, New Zealand was facing an economic crisis, with its domestic market and international trade both heavily regulated. Unemployment had reached 11 percent, and inflation was a sky-high 15 percent. Today, New Zealand is a model of international free trade policy.
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