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Economic Growth Requires Freedom and Participation
Enhancing human freedom globally can unlock economic potential and growth. Current trends indicate a decline in both population and freedom, particularly in the Western world, which threatens economic stability. By stabilizing populations and promoting greater participation from developing regions like Africa, Asia, and Latin America in the global economy, significant improvements in living standards could be achieved. Furthermore, the resource curse illustrates how resource-rich governments often avoid accountability to their citizens, leading to authoritarianism due to a lack of need for responsive institutions.