Published on 23 Nov 2023 on Insider Monkey via Yahoo Finance

20 Most Liberal Countries in the World

In this article, we will look into the 20 most liberal countries in the world. If you want to skip our detailed analysis, you can go directly to the 5 Most Liberal Countries in the World.

Economic Liberalism vs Economic Conservatism

The concepts of liberalism and conservatism both advocate for economic freedom. Economic liberalism is a political and economic ideology that supports personal liberty, economic freedom, private property, and less government interference while promoting economic development. Economic conservatism also stems from the concept of economic liberalism and advocates for a free market with restrictive government intervention. Conservatives strongly oppose the intervention of government and believe that free markets are more capable of ensuring better resource allocation. Liberals, on the other hand, believe that high government spending on the social welfare of individuals can improve their quality of life and can also contribute to economic development. Some of the most conservative countries report very low social spending which ultimately affects the well-being and quality of life of its residents.