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For the past 20 years, there has been a movement toward more open markets and greater economic freedom. The Heritage Foundation/Wall Street Journal annual Index of Economic Freedom has chronicled these changes for the past eight years.
Greater economic freedom has brought prosperity, advanced innovation, and created wealth as never before. Expansion of trade, capital flows, and economic activity has permitted improvements in health care, longevity, education, and other social
indicators.2 Yet, at the same time, millions of people continue to live in poverty. Even worse, some countries that once were wealthy have stagnated and are
even threatened with poverty. The Index evaluates economic freedom in 10 institutional
factors, including monetary and fiscal policy, government consumption, trade openness, and regulations.It also evaluates, in the property rights factor, how strongly a country’s legal system protects private property and contractual agreements. The term “property......

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Approximate Word Count: 1018
Approximate Pages: 5 (250 words per double-spaced page)

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