Jordan's path to lasting stability hinges on bolstering economic freedom, according to a new report by the Friedrich Naumann Foundation. The report highlights that fostering a more open and competitive economic environment is crucial for Jordan to overcome its economic challenges and unlock its full potential.

The study points to specific areas where reforms are needed. These include streamlining regulations, reducing bureaucratic hurdles for businesses, strengthening property rights, and promoting greater access to finance, particularly for small and medium-sized enterprises (SMEs). By creating a level playing field and fostering entrepreneurship, Jordan can attract more foreign investment and stimulate domestic growth.

The report also emphasizes the importance of good governance and transparency in promoting economic freedom. Corruption and a lack of accountability can undermine investor confidence and hinder economic development. Jordan needs to strengthen its institutions and ensure that the rule of law is upheld.

The findings resonate with the broader Middle East region, where many countries face similar economic challenges. Economic freedom is not just about creating wealth; it's also about empowering individuals and fostering a more inclusive society. When people have the opportunity to participate in the economy and improve their lives, they are more likely to be invested in the stability and prosperity of their country.

Experts suggest that Jordan's commitment to economic reforms will be tested in the coming years. The country faces significant headwinds, including high unemployment, a large public debt, and regional instability. However, by embracing economic freedom and implementing sound policies, Jordan can build a more resilient and prosperous future for its citizens. Looking ahead, sustained efforts to promote economic freedom are essential for Jordan to achieve its long-term development goals and contribute to regional stability.