Economic freedom is a crucial component of liberty. It empowers people to work, produce, consume, own, trade, and invest according to their personal choices.
Why Does Economic Freedom Matter? – from The Heritage Foundation’s Understanding America series – explores the framework America’s Founders established for an economically free nation, and what economic freedom means for the United States and the rest of the world.
here is the ranking
1. Hong Kong
3. New Zealand
10. United States
178. North Korea
This is a comparison of economic performance and trade scores in the forthcoming 2016 Index of Economic Freedom demonstrates the importance of trade freedom for prosperity and well-being.
Countries with the most trade freedom have higher per capita incomes, lower rates of hunger in their populations, and cleaner environments.
Countries with low tariffs and few non-tariff barriers have stronger economic growth. Free trade policies also encourage freedom in general—including protection of private property rights and the freedom of average people to buy what they think is best for their families.
The simplest way to achieve trade freedom is to unilaterally reduce tariff and non-tariff barriers.
Most Americans are open to the idea of more free trade.