Research and commentary

As the Freedom and Prosperity Indexes show political freedom declining worldwide for the twelfth straight year, new data analysis shows its importance for lasting prosperity: Though authoritarians promise economic rewards, democratizing countries gain an 8.8 percent GDP per capita boost over twenty years than their autocratic peers. With democracy on the ropes, what else can the Indexes tell us?

Twenty leading economists, scholars, and diplomats analyze the state of freedom and prosperity in eighteen countries around the world, looking back not only on a consequential year but across twenty-nine years of data on markets, rights, and the rule of law.

In this “year of election,” freedom continues to decline globally. Political rights, judicial independence, and checks and balances are eroding. Prosperity growth has slowed, particularly in developing countries. The data underscores a strong link between freedom and prosperity, highlighting the need for data-driven policy reforms.

Twenty leading economists and government officials from eighteen countries contributed to this comprehensive volume, which serves as a roadmap for navigating the complexities of contemporary governance.