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Cleanwatts, a leading climate tech scaleup, has signed a contract with the Government of São Tomé and Príncipe for the production and sale of affordable clean energy. Working with the country's public
Abstract: The Heritage Foundation began ranking trade freedom around the world in 1995. The newest rankings (to appear in the 2011 Index of Economic Freedom) show global trade freedom as high as it has ever been. That is encouraging: Countries with higher levels of trade freedom have higher levels of economic prosperity. Still, the latest average score showed only a slight improvement, and far too many people continue to live in poverty because their political leaders have blocked attempts at opening paths to freer trade.
The World Bank has not been successful in catalyzing economicdevelopment. President Bush's proposal to replace InternationalDevelopment Association loans with performance-based grants is areasonable recommendation
Although Congress is split over whether the stimulus package shouldbe comprised of tax cuts or spending increases or some combinationof both, lessons derived from such past efforts at home and abroaddemonstrate that strategies relying on increased spending willfail. Indeed, such lessons also suggest that such strategies makethings worse by diverting scarce resources away from productive usein the private sector.