No economic system in history has been as successful at lifting people out of poverty as that of capitalism based on principles of economic freedom. Economic freedom has done more for the poor throughout the world than any taxpayer-funded social program or welfare check ever could. The embrace of capitalism and the defeat of serfdom in pre-industrial Europe led to the most dramatic increases in wealth in the history of the world.
The UN highlighted how a number of developing countries, including Indonesia, Pakistan, Kenya, Brazil and Jamaica had performed “above expectation” on the innovation index. Pakistan performed ‘above expectation’ on global innovation index.