The Rio Grande Foundation, emphasizing "Economic Freedom" as its core concept, partnered with the Fraser Institute to publish a new report on economic freedom in New Mexico. This joint study marks a significant analysis of the state's economic condition.
The Fraser Institute has long been releasing publications like "Economic Freedom of the World" and "Economic Freedom of North America". These reports indicate that regions fostering economic freedom often experience faster economic and population growth, along with improved environmental conditions, reduced poverty levels, and enhanced gender equality.
In a first-of-its-kind joint study with the Rio Grande Foundation, the institute documents a unique economic trajectory for New Mexico. According to their findings, New Mexico stands out as the only state in the United States to experience a decrease in overall economic freedom since 1981. This downturn, as illustrated by charts in the report, has negatively affected both economic and population growth in the state.
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