
- 198 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
The Need For Freedom
About this book
Despite huge improvements in human living standards having taken place over the decades, extreme poverty still persists - and the Covid-19 pandemic hasn't helped. Research has found that economic growth is far and away the best reducer of poverty; naturally, the question should be asked, what set of policies is best suited to stimulate economic growth, and thus reduce poverty? The answer proposed in this book is simple: economic liberalism: the philosophy of free trade, secure property rights, business freedom, investment freedom, monetary stability, and limited state ownership of industries. Economic liberalism is yet to reach the world's poorest people and entrepreneurs; while citizens of the rich world enjoy the fruits which competitive marketplaces provide, the poor live under the regulatory clutches of intrusive bureaucracies. Case studies consistently demonstrate that liberalising markets is the best way to support economic growth. Public investment intosupporting human infrastructure is definitely necessary aswell. However, policymakers should focus especially onimproving the efficiency of public services, which requiresmore than just increasing budgets. The link between foreign aid and economic development is empirically inconclusive.
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Information
Table of contents
- Title Page
- Contents
- CHAPTER 1: The Importance of Economic Growth
- CHAPTER 2: When the West Wasn’t so Rich
- CHAPTER 3: Economic Liberalism, the Theory: It’s All About Competition
- CHAPTER 4: Economic Liberalism is What the Developing World Needs
- CHAPTER 5: The Specific Policies of Economic Liberalism
- CHAPTER 6: Economic Liberalism in Practise
- CHAPTER 7: Foreign Aid
- CHAPTER 8: The Efficacy of Public Spending (and Labour Unions too!) In Alleviating Poverty
- CHAPTER 9: The Macroeconomics of Poverty Alleviation: Debt, Borrowing, Inflation, and Growth
- CHAPTER 10: Multinational Enterprise: Friend or Foe to the Extremely Poor?
- Conclusion
- Copyright