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Let Freedom Ring
EMsights Capital Group believes that economic and political freedoms and rule of law are important precursors for the economic development, growth, education and sustainability of sovereign countries. Through active due diligence, including on-the-ground country visits, in-person meetings with political, business and government officials, and daily monitoring of political and financial news, we actively follow a country’s pursuit and execution of fair and free elections, civil liberties, functioning of government, and the importance it places on economic freedom in real-time – in both its rhetoric as well as its enforcement of these principles.
We monitor sources like Freedom House, whose analysis of the past years’ events are instrumental in aggregating multiple views and comparing countries in their annual reports. Freedom House monitors metrics across 210 countries and territories and just released its’ 50th annual report for 2023. Highlights from the most recent report include:
Another notable source for assessing data on freedoms is the Heritage Foundation’s Index of Economic Freedom. The group’s 2023 report covering 184 countries from July 1, 2021 to June 30, 2022 was also recently released, with notable findings outlined below:
EMsights’ case studies:
In our assessment, these reports and their findings correlate to a country’s capability to achieve economic growth. We outline three case studies below based on the findings within these recent reports to identify two examples of countries with improving freedoms and one example of a country with lessening freedoms:
Source: Freedom House Freedom in the World 2023. Heritage Foundation Index of Economic Freedom. International Monetary Fund Data Mapper – Real GDP Growth: https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLD.
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