3. Religious freedom positively impacts economic growth, business, and innovation

Why is religious freedom generally important?

Restrictions on religious freedom chill investment and consumer sentiment.


"[R]eligious hostilities and restrictions create climates that can drive away local and foreign investment, undermine sustainable development, and disrupt huge sectors of economies - making innovation much more difficult."


 Brian J. Grim, "Religious Freedom Linked to Economic Growth, finds Global Study," The Weekly Number Blog, June 2, 2014, http://theweeklynumber.com/1/post/2014/06/innovation-is-twice-as-likely-in-countries-with-religious-freedom.html


"Recently, the Chinese National Petroleum company, working with Goldman Sachs, had to downsize its plan to raise money with American investors by about $7 billion because of the company's ties to Sudan, a country the U.S. government has called the largest violator of religious freedom in the world... " 


Alon, Ilan and Gregory Chase, "Religious Freedom and Economic Prosperity," Cato Journal, Vol. 25, No. 2 (Spring/Summer 2005). http://www.freetheworld.com/papers/Alon_and_Chase.pdf.


"International businesses should be concerned about religious freedom because it affects the general business environment, political relationships among countries, and consumer sentiment of companies doing business in countries that suppress religious freedom."


Alon, Ilan and Gregory Chase, "Religious Freedom and Economic Prosperity," Cato Journal, Vol. 25, No. 2 (Spring/Summer 2005). http://www.freetheworld.com/papers/Alon_and_Chase.pdf.


​​​​Freedom-of-Religion

There is a significant correlation between religious freedom and political freedom, civil liberties, economic freedom, and GDP.

One study noted that religious freedom is one of only three factors significantly correlated to global economic growth. 


See Brian J. Grim, Greg Clark, and Robert Edward Snyder, "Is Religious Freedom Good for Business?: A Conceptual and Empirical Analysis," Interdisciplinary Journal of Research on Religion, 2014 Volume 10, Article 4, http://www.religjournal.com/articles/article_view.php?id=85.


In countries with high restrictions on religious freedoms, "young entrepreneurs are pushed to take their talents elsewhere due to the instability associated with high and rising religious restrictions and hostilities." 


Brian J. Grim, "Religious Freedom Linked to Economic Growth, finds Global Study," The Weekly Number Blog, June 2, 2014, http://theweeklynumber.com/1/post/2014/06/innovation-is-twice-as-likely-in-countries-with-religious-freedom.html.

Religious freedom promotes innovation.


"Innovation is more than twice as likely among countries with low religious restrictions and hostilities... Where stability exists, there is more opportunity to invest and conduct normal and predictable business operations, especially in emerging and new markets."


Brian J. Grim, "Religious Freedom Linked to Economic Growth, finds Global Study," The Weekly Number Blog, June 2, 2014, http://theweeklynumber.com/1/post/2014/06/innovation-is-twice-as-likely-in-countries-with-religious-freedom.html.