Home
/
RELIGION & LIBERTY ONLINE
/
Economic Growth And Religion: What’s The Connection?
Economic Growth And Religion: What’s The Connection?
Apr 3, 2025 6:20 PM

The Religious Freedom & Business Foundation has issued a global study that links religious freedom to economic growth. Researchers say that religious freedom has been a previously “unrecognized asset to economic recovery and growth,” and that religion contributes heavily to peace and stability, both of which are necessary to economic stability.

Mark A. Kellner breaks down the study’s findings:

According to the RFBF [Religious Freedom & Business Foundation], the study looked at GDP growth for 173 countries in 2011 and found religious freedom correlated with lower corruption. Moreover, “when religious groups operate in a free petitive environment, religion can play a measurable role in the human and social development of countries.”

The authors analyzed 2011 GDP data pared with data on religious restrictions, the level of economic and business freedom in a given country, and “measures of government regulation, taxes, labor issues, demographics and economic circumstances.”

The study notes that entrepreneurs are less likely to attempt to start businesses in places where religious hostility occurs and may choose to move elsewhere. Cycles of peace and religious clashes also hurt tourism, which obviously affects economies. The study also concludes that when religious faiths and differences are respected within a business, pany tends to do better economically. For instance, the clothing retailer fired a Muslim woman for wearing a hijab, saying it was outside of pany’s dress code policy. The case not only cost pany in legal fees, but they suffered substantial negative publicity.

Brian Grim, of the Religious Freedom & Business Foundation, offers seven reasons why religion is good for business:

Freedom of religion or belief is good for business. As outlinedin Article 18 of the UN Declaration of Human Rights,

Article 18:Everyone has the right to freedom of thought, conscience and religion; this right includes freedom to change his religion or belief, and freedom, either alone or munity with others and in public or private, to manifest his religion or belief in teaching, practice, worship and observance.

But why is it good for business? In short, because religious freedom:

Fosters respectReduces corruptionEngenders peaceEncourages broader freedomsDevelops the es over-regulationMultiplies trust

One analyst says this study means that religion and religious freedom should inform foreign policy, as well as clearly indicating that if a nation wants to do well economically, religious freedom must be figured into the bottom line.

Read “Religious Freedom Linked to Economic Growth, Finds Global Study” at RFBF.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Islam’s Quiet Revolution
Society is changing as economic freedom and diversification gradually creep into the Middle East. Dr. Samuel Gregg, director of research at the Acton Institute, explores the effects of free trade on nations including Kuwait, Bahrain, Qatar, and the United Arab Emirates and, in turn, the effect those nations are having on their neighbors. The diversification of economies, notably the development of new products and services for export, allows nations to grow out of reliance on oil production as the main...
Global Warming Consensus Alert: Points for Honesty
Normally, I’m not a huge fan of Congressman John Dingell. But on this issue, I have to at least give him points for honesty: Democrats took over Congress vowing to make global warming a top priority, and House Speaker Nancy Pelosi planned to notch a quick victory with a bill that was long on political symbolism and cost, if short on actual emissions reductions. Standing in her way has been Mr. Dingell. Much to the speaker’s consternation, the powerful chairman...
The Weekly Standard, AFR, and “The Call of the Entrepreneur”
Sonny Bunch reviewed “The Call of the Entrepreneur” and discussed the significance of the American Film Renaissance (AFR) in The Weekly Standard. His article is titled, “The Right Stuff: Conservatives decide if you can’t beat Hollywood, join it.” In his piece, Bunch discussed the goals of AFR: AFR has been hosting film festivals across the country since 2004, but the Hubbards hope to set up permanent shop in Washington and push the festival into the mainstream. Jim Hubbard says he...
Un-Christian Retributiveness
How’s this for an expression of un-Christian retributiveness? If God wants to make my plete, he will grant me the joy of seeing some six or seven of my enemies hanging from those trees. Before their death I shall, moved in my heart, forgive them all the wrong they did me in their lifetime. One must, it is true, forgive one’s enemies – but not before they have been hanged. –Heinrich Heine, Gedanken und Überlegungen; quoted and translated in Freud,...
As if by an Occult Hand…
Freemasonry has been deemed to be worthy of protection under the Religious Land Use and Institutionalized Persons Act of 2000 (RLUIPA). Does this mean that freemasonry is a “religion”? A California court of appeals statement said in part, “We see no principled way to distinguish the earnest pursuit of these (Masonic) principles … from more widely acknowledged modes of religious exercise.” That’s a stance the Christian Reformed Church would probably agree with. As I’ve noted before, the CRC’s position on...
Human Events on “The Call of the Entrepreneur”
Erika Andersen reviewed the “The Call of the Entrepreneur” for Human Events in a piece titled, “Entrepreneurship Preserves Life as We Know It.” The Call premiered last week to DC audiences at the E Street Cinema, as part of the Renaissance Film Festival. In her article Andersen noted the international interest in the film: Though it initially seems like the tale of the American dream, “The Call of the Entrepreneur” is an international story and is now being translated into...
David (McCarty) vs. Goliath
Well…except Goliath is mostly a good guy too– and he’s the one putting rocks in the air– and David got beat in this case by the government. From yesterday’s (Louisville) Courier-Journal, Charlie White and Sara Cunningham report on the stand-off between homeowner David McCarty and the local Wal-Mart under construction in Lebanon, KY. Complying with a court order, a Central Kentucky man yesterday ended his sit-down protest a few feet from a blasting site — part of the construction of...
Abandon SCHIP: Big Government Returns
The mammoth Congressional expansion of SCHIP is such a bad idea, even the normally big spending President Bush vetoed the bill. I wrote a piece titled, “Abandon SCHIP: Big Government Returns,” which is now available on the Acton Website. The political posturing concerning the program has reached a troubling level. Supporters are using using kids as props to usher in socialized medicine and government expansion. But one of the main problems with the bill is the regressive characteristic of the...
‘The Idolatry of the Porn Worldview’
The folks over at the Reformation21 blog, produced of the Alliance of Confessing Evangelicals, have a great discussion going about the spiritual, cultural, and pastoral implications of pornography (here, here, and here). The first post takes up the Naomi Wolf article, “The Porn Myth,” which also occasioned in part my reflections on the pornification of culture in general and technology in particular. Carl Trueman aptly wonders (in the second post), Could it be that pornography is the ultimate free market...
Saving Secular Society
I used to have more regular and extensive interaction with people whose worldviews were starkly different from my own. That’s not so much the case anymore, so it’s good to be reminded occasionally that some people live in different worlds that are sometimes hard prehend. That happened today when I came across an announcment for a conference, “The Secular Society and Its Enemies.” In the strange universe in which the conference’s organizers live, “The world is finally waking up to...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved