The most obvious benefit of economic freedom is that, as a system, it is the most conducive to widespread prosperity, that is, to high or rising income and consumption for the bulk of the population.
The social and fiscal contribution from large companies in France and worldwide remains largely unrecognised. Traditional accounting and financial presentations do not provide for externalisation of the creation of value for the broader community.
Since the introduction of pro-market reforms in 1978, China has emerged as a global economic powerhouse and it is today the EU’s second-largest trading partner.
Attempting to start a debate ahead of the EU’s summit commemorating the 60th anniversary of the Treaty of Rome, the European Commission published a White Paper on the Future of Europe.
The year 2017 will mark the sixty-year anniversary of the Treaties of Rome. On this occasion, the European project will receive a thorough check-up, and important decisions will be made that will decide whether and in what form it survives.
Can a country do better after leaving the EU? Indeed, we can perform an even more granular analysis and seek to establish in which policy areas the greater policy flexibility and decentralisation which comes with departure might outweigh the cost of losing the EU’s four freedoms and its constitutional barriers against bad government policy.