The Economic Freedom Index indicates that economic freedom is positively correlated with all of the following EXCEPT life expectancy literacy environmental sustainability diversity

Economic freedom often results in better health outcomes, leading to increased life expectancy, as people have more access to resources, healthcare, and improved living conditions. Similarly, educational opportunities flourish in economically free environments, resulting in higher literacy rates. Conversely, the correlation with environmental sustainability is more complex; while some argue that regulated economies may prioritize sustainability, others fear that pure economic freedom can lead to exploitation of resources without adequate safeguards. As for diversity, there's no strong correlation indicating that economic freedom directly influences it, making it the odd one out in this list! While examining how economic systems influence societies, consider the vibrant economic stories of nations like Singapore, which showcase how high levels of economic freedom foster rapid development. The diverse strategies and policies adopted by different countries reveal insights that can help in understanding these complex relationships.