 Hong
Kong has once again placed first in the global rankings of
economic freedom, released recently by independent research group
The Fraser Institute. Canada is ranked seventh, just ahead of the
United States.
In this year's overall index, Hong Kong retains the highest rating
for economic freedom, 8.94 out of 10. The other top scorers are:
Singapore (8.57), New Zealand (8.28), Switzerland (8.20), the
United Kingdom (8.07), Chile (8.06), Canada (8.05), Australia
(8.04), the United States (8.04), and Ireland (7.92).
Speaking in Hong Kong at a dinner organized by the Fraser
Institute of Canada, the Chief Executive, Mr. Donald Tsang,
expressed his pride at Hong Kong’s ranking. He also promised that
the Government would not become complacent.
“We understand that we must continue to practice what we preach,”
said Mr. Tsang. “And we know that if we stray from the path of
economic freedom, then the Fraser Institute will let us know. We
welcome that scrutiny, and the Institute's ongoing interest in our
economy is much appreciated.”
Research shows that people living in countries with high levels of
economic freedom enjoy higher levels of prosperity, greater
individual freedoms, and longer life spans. |
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