Economic freedom attracts foreign investment, fuels growth in Latin America.
The article explores how economic freedom, foreign investment, and growth are connected in Latin America. By studying data from 18 countries over 30 years, the researchers found that more economic freedom in a country leads to more foreign investment. They also discovered that foreign investment is linked to economic growth in those countries. However, for this growth to happen, the country needs educated people, economic stability, and open markets.