Estonia is the living example that human progress is closely linked to economic freedom.The question of why some countries are rich and prosperous whereas others seem to be condemned to the scourge of poverty has been around for centuries. Many factors have been argued to be the determinants of prosperity: geographical, cultural, historical, etc. Yet, since at least the publication in 1776 ofThe Wealth of Nations,we know that political and economic institutions play a decisive role in this respect. Free trade, a reliable legal framework that protects private property and enforces...…Estonia is the living example that human progress is closely linked to economic freedom.The question of why some countries are rich and prosperous whereas others seem to be condemned to the scourge of poverty has been around for centuries. Many factors have been argued to be the determinants of prosperity: geographical, cultural, historical, etc. Yet, since at least the publication in 1776 ofThe Wealth of Nations,we know that political and economic institutions play a decisive role in this respect. Free trade, a reliable legal framework that protects private property and enforces...WW…