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IPFS News Link • Economy - International

Freedom -- Not Foreign Aid -- Is the Solution to Global Poverty

• by Patrick Tyrrell

The 2018 Index of Economic Freedom, an annual study that ranks 180 countries for their economic freedom using hard data, has now been published by The Heritage Foundation.

The results, when combined with poverty data from the World Bank, show that inhabitants of countries who enjoy high levels of economic freedom are far less likely to suffer from abject poverty.

In fact, as seen in the chart, which reflects the 122 countries for which recent data on poverty is available, inhabitants of countries most lacking in economic freedom are about 30 times more likely to subsist on less than $1.90 per day than people in countries where people are most economically free.