Thus, we can say that if someone wishes to promote economic liberty worldwide, one should not neglect to encourage religious liberty at the same time. This requires facing the challenges of any given country’s religious context and history, while underscoring the importance of interreligious studies for international economic development efforts.
These findings also ought to affirm a tempered realism among international development organizations and advocates who hope to encourage free economies in countries with high government restrictions on religion. Such liberalization is not impossible, as Singapore, Qatar, the United Arab Emirates, and Bahrain demonstrate. However, the strong correlation clearly favors those countries with moderate to low government restrictions on religion and preferably with moderate to low social hostility toward religion as well. A country that values and protects religious liberty offers fertile soil for economic liberty to flourish.
Exploring the connection between religious and economic liberty is one of the central focuses of the Acton Institute. For more on this subject, check out Michael Novak’s recent Acton Commentary, “Economic Tyranny Trumps Religious Liberty,” and be sure to look into our Religious and Economic Freedom Conference Series (here).
You can read the rest of my article, “Connecting Religious and Economic Liberty” at Public Discourse here.