ECONOMIC FREEDOM –A CATALYST FOR DEVELOPMENT

Abstract

Liberal doctrine, in its various attempts to find legitimacy, has exerted a real influence on the ”architecture” of the world economy. Liberal rhetoric, validated by historical reality, has shown that liberalism, through its virtues, design a proper environment for both individuals and nations development. In this equation of development the catalytic role of economic freedom and free trade was a theme of reflections during the evolution of many nations, but emphasis on the quantitative dimensions was obvious. In the last decades, attention has been focused on the quality of development too, understanding that the wealth of a nation is reflected not only in the improvement of macroeconomic indicators, but in the better quality of individuals’ life.