The five richest countries in the world

The five richest countries in the world

Dateline: Tbilisi, Georgia When defining the world’s richest countries, people tend to look at the strength of the respective economies in terms of Gross Domestic Product, or GDP. However, most economists nowadays take into account the purchasing power parity (PPP) of...
No economic freedom… and a jail sentence in Brunei

No economic freedom… and a jail sentence in Brunei

Reporting from: Bandar Sari Begawan, Brunei I could be locked up for writing this. It’s important to realize that low taxation are just one element of economic freedom. The former alone does not guarantee the latter. An excellent illustration that principle is here in...