> Compared to those that were less free, countries with higher economic freedom ratings during 1980–2005 had lower rates of both extreme and moderate poverty in 2005. More importantly, countries with higher levels of economic freedom in 1980 and larger increases in economic freedom during the 1980s and 1990s achieved larger poverty rate reductions than economies that were less free. These relationships were true even after adjustment for geographic and locational factors and foreign assistance as a share of income. The positive relations between the level and change in economic freedom and reductions in poverty were both statistically significant and robust across alternative specifications.
> Some fear that growth propelled by economic freedom will leave the poor behind. This was not the case during 1980–2005. During this quarter of a century, the developing countries that moved the most toward economic freedom achieved both strong economic growth and substantial reductions in poverty. This indicates that an institutional and policy environment consistent with economic freedom is an important ingredient for progress against poverty.
> We study the relationship between economic freedom and poverty rates in 151 countries over a twenty-year period. Using the World Bank's poverty headcounts of those living on less than $1.90 per day, $3.20 per day, and $5.50 per day, we find evidence that economic freedom, measured by the Heritage Foundation's Index of Economic Freedom, is associated with lower poverty rates. We also test the effect of various components of the Index of Economic Freedom. We find that a government's integrity and a country's trade freedom are associated with lower poverty rates. We check the robustness of our results using alternative freedom indices.
Anyway we aren't really talking about removing peoples economic freedoms, you can have a strong economy whilst retaining workers rights, social support and environmental controls. It's the poorest parts of the world that don't have a handle on this stuff.
Because otherwise everything becomes a race to the bottom.