• Why Small Businesses Are More Optimistic Than Ever Before

    Why Small Businesses Are More Optimistic Than Ever Before

    Small business optimism, as measured by the National Federation of Independent Businesses, hit an all-time high in August, shattering a 35-year-old record.

    The good news comes amid the Trump administration’s rollback of business-stifling regulations and the recent tax cuts for businesses. Both have greatly increased small business owners’ chances at success.

    It costs much more, in relative terms, for smaller businesses to comply with regulations, so when regulations are cut, small business benefits most. Tax cuts allow small business owners to keep more of their own money to reinvest in their enterprises, which gives them more opportunities to thrive and makes them more confident about their future. READ MORE...

  • China Is Demanding Companies Toe the Communist Party Line on Taiwan

    China Is Demanding Companies Toe the Communist Party Line on Taiwan

    China continues to flex its economic muscles to force foreign companies to toe the political line on Taiwan.

    It has threatened to end business dealings with any airlines that refuse to list Taiwan as “Taiwan, CN,” and many airlines are now bowing to China’s demands rather than lose business in the lucrative Chinese market. Delta Air Lines started the line of public apologists in January, and Air France and Qantas added their names most recently.

    It’s not just airlines. Major companies such as The Gap and Marriott also have experienced China’s economic bullying, and China fined the Japanese company Muji because a package listed Taiwan as a country rather than a Chinese province. READ MORE...

  • Ireland Has Been a Model in Fiscal Reform, but Times Could Soon Get Rocky

    Ireland Has Been a Model in Fiscal Reform, but Times Could Soon Get Rocky

    Ireland’s strong economic fundamentals and business-friendly approach make it a popular destination for foreign corporations, and they bring with them jobs and billions of euros in tax revenue.

    Some are concerned, however, at what they see as an over-reliance on corporate tax revenue and multinational companies, which could bring cloudy skies as international competition heats up to provide the best business and economic climate.

    In The Heritage Foundation’s 2018 Index of Economic Freedom, Ireland ranks No. 6 in the world out of 180 countries ranked. With a score of 80.4 on a scale of 0 to 100, the country is once again considered economically free. READ MORE...

  • When New Zealand Reduced Tariffs, Economic Freedom Grew

    When New Zealand Reduced Tariffs, Economic Freedom Grew

    The new tariffs announced by President Donald Trump have generated intense controversy.

    With the debate ongoing, it might be useful to examine how other countries have dealt with similar policy debates in the past.

    New Zealand now ranks third in The Heritage Foundation’s Index of Economic Freedom and is one of the champions of economic freedom around the world. But it wasn’t always so.

    In the mid-1980s, New Zealand was facing an economic crisis, with its domestic market and international trade both heavily regulated. Unemployment had reached 11 percent, and inflation was a sky-high 15 percent. READ MORE...

  • 5 Takeaways From the 2018 Index of Economic Freedom

    5 Takeaways From the 2018 Index of Economic Freedom

    The Heritage Foundation’s 2018 Index of Economic Freedom—an annual global study that compares countries’ entrepreneurial environments—was released earlier this month.

    Since 1995, the index has measured a nation’s commitment to limited government and free enterprise on a scale of 0 to 100 by evaluating four critical policy pillars, including rule of law and regulatory efficiency.

    These commitments are powerful forces that help societies grow in economic freedom. Countries that achieve higher levels of economic freedom consistently outperform others in economic growth, long-term prosperity, and social progress. Those with lower economic freedom, on the other hand, risk economic stagnation, high unemployment, and deteriorating social conditions. READ MORE...