Turn – economic competition is healthy – it drives nations to compete to offer more freedom and a higher quality of life – ensures resiliency

A key driver of this economic growth and prosperity has been a healthy competition among countries to create the best possible policy economic environment. Many economies have recognized the importance of freer trade, reducing barriers to conducting business, responsible spending, and cutting taxes while emphasizing greater transparency and accountability. The powerful forces of economic freedom have indeed fostered the spirit of entrepreneurship and competitive innovation that creates more jobs, spreading the benefits of a economic dynamism around the globe. There is another benefit of such competition, too: A diverse world economy has more flexibility and resilience to withstand any challenges that come along!