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Backroom deals between members of the governing class and their hand-picked cronies influence the legislative, executive, and regulatory actions of governments around the world. Examples of this ancient form of corruption abound. Government intrusions into the private sector as a partner, financier, or outright owner are not only morally hazardous, but toxic to economic freedom. Such special-interest arrangements directly contradict the principles of freedom, incentives, and opportunity detailed in The Heritage Foundation’s Index of Economic Freedom. Citizens of any country need a system of non-discriminatory markets and impartial credit allocation, as well as rewards for individual success, in order to get ahead based on merit and hard work.
Abstract: The 2012 rankings of trade freedom around the world indicate that trade freedom in the world has remained constant or regressed slightly since 2011. The lack of improvement is regrettable because countries with the most trade freedom have the highest per capita gross domestic product, the lowest incidence of hunger, and the cleanest environments. The U.S.