Economic Openness: United Kingdom case study

This report from the UK think tank Legatum Institute looks at the Economic Openness of the United Kingdom.

The United Kingdom has a tradition of Economic Openness stretching back centuries, to the original codification of the City of London’s special legal status in the Magna Carta. Whatever challenges the United Kingdom faces in the future, this tradition of Economic Openness – the settled way of doing things – provides a firm foundation on which to build. Analysis from our Global Index of Economic Openness shows a strong correlation between a country’s institutional strength and its ability to withstand shocks and crises, and to recover quickly.

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