The economic freedom debate

The evidence for economic freedom to boost growth and prosperity for the wider population is overwhelmingly positive

The notion of economic freedom (EF) has been almost central to macroeconomic theory around the world originating from the likes of Adam Smith, Friedrich Hayek and more recently Milton Friedman among others. While these policies have been pioneered by stellar economists, they have also been applied to many other countries around the world especially in the growth driven emerging markets. In the Economic Freedom of the World: 2017 Annual report, by Fraser Institute, economic freedom  is quantified into a common index over a long time frame enabling us to understand the evolution of the same. Not only would this provide