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Singapore has retained its status as having the world’s freest economy, demonstrating a high level of economic resilience, according to The Heritage Foundation's newly released 2024 Index of Economic Freedom. Pictured: The Singapore Flyer Ferris wheel is a prominent feature of the Southeast Asian city-state's skyline. Zac Zhou/Unsplash.com
The foundations of economic freedom have been declining around the world for three consecutive years, according to the 2024 Index of Economic Freedom, which annually assesses the economic governance and entrepreneurial environments of 184 countries.
Anthony B. Kim is a research fellow in economic freedom at The Heritage Foundation, editor of the Index of Economic Freedom, and manager of global engagement for Heritage’s Margaret Thatcher Center for Freedom.