Successful economies that have flexible labour markets and limited government regulations are linked to high levels of economic freedom which lead to human freedom and prosperity for their nations.  

CUT hosted a public lecture entitled Economic Freedom and Economic Success around the World on 20 January 2015.  The lecture was presented by Professor Yuri Maltsev, an internationally acclaimed speaker, who studied both BA and MA at Moscow State University and his Ph. D at the Institute of Labour Research in Moscow, Russia. Yuri Maltsev, Professor of Economics from Carthage College in Wisconsin in the USA, said that levels of economic freedom depend on factors such as government interferences and labour regulations.  In his presentation, he demonstrated how economic freedom has helped many successful countries to create prosperity and wealth for their own people.  He said that many such economies operate with minimal government interferences, relying on markets to decide what to produce, how to produce and how much to produce. 

“According to Vasily Grossman, a great Russian writer imprisoned for his literary work, freedom amounts to having the right to sow what you wish to, making shoes, baking bread with the flower ground from grain you have sown”, he said. Before defecting to the United States in 1989, he was a Chief Consultant of the Bank for Foreign Trade and then a member of a senior team of Soviet economists that worked on President Gorbachev's reforms package. He said that economic successes of countries such as Botswana are linked to flexible labour markets found in these countries, limited government regulations and low taxation.  Their economic visions have helped these countries to strive toward eliminating poverty, improving health and education of their people, as well as empowering them to make a difference in their own communities and achieve great success. He was accompanied by 41 US students from Cartage College.   

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Prof. Albert Strydom,  Dean of the Faculty of Management Sciences; Prof. Crispen Chipunza, Research Manager of the Faculty of Management Sciences and Programme Director of the event; Prof. Maltsev, and Professor Thandwa Mthembu, Vice-Chancellor and Principal of CUT.