OverseasREPORT September 2012

Washington, DC – A new network seeks to ensure that the private sector and advocates of economic freedom have a global voice in democratic reform. The Free Enterprise and Democracy Network (FEDN) aims to provide a forum for the exchange of ideas and mutual support among members while spreading greater understanding of the linkages between economic freedom, prosperity, and democracy. FEDN was developed by a group of prominent businesspeople and activists with support from CIPE. The network steering committee has published the group’s objectives and principles, available on CIPE’s website.

Forming such a network was originally conceived to address a lack of private sector representation in global forums on democracy, and to satisfy demand from a number of CIPE’s long time partners for more interaction between like minded organizations. While CIPE facilitates the exchange of ideas and program approaches among its partners, FEDN will provide greater opportunities for consistent sharing of information and reform stories between organizations engaged in advancing market economies and democratic institutions.

In addition to acting as a cooperative forum, FEDN will be a global advocate for the importance of economic reform as an integral element of democratic development. At the core of FEDN’s principles is the idea that democracy and a free market economy are mutually supportive systems.

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