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WASHINGTON—Economic freedom has a greater impact than foreign aid in helping people in poor nations escape poverty, according to the Economic Freedom of the World: 2006 Annual Report, released today by the Cato Institute in conjunction with the Fraser Institute of Canada.
In this year's index, Hong Kong retains the highest rating for economic freedom, 8.7 out of 10, followed by Singapore at 8.5. New Zealand, Switzerland, and the United States tied for third with ratings of 8.2. The United Kingdom and Ireland are tied for the 6th place, Canada ranks 8th, and Iceland and Luxembourg are tied for 9th place. The rankings of other large economies are Germany, 17; Japan, 19; France, 24; Italy, 45; Mexico, 60; India, 53; China, 95; Brazil, 88; and Russia, 102. Chile ranks as the freest economy in Latin America (20), while Botswana ranks as the freest economy in Africa (35).
In this year's index, Hong Kong retains the highest rating for economic freedom, 8.7 out of 10, followed by Singapore at 8.5. New Zealand, Switzerland, and the United States tied for third with ratings of 8.2. The United Kingdom and Ireland are tied for the 6th place, Canada ranks 8th, and Iceland and Luxembourg are tied for 9th place. The rankings of other large economies are Germany, 17; Japan, 19; France, 24; Italy, 45; Mexico, 60; India, 53; China, 95; Brazil, 88; and Russia, 102. Chile ranks as the freest economy in Latin America (20), while Botswana ranks as the freest economy in Africa (35).
And according to another Index of Economic Freedom 2006 by the Heritage Foundation, Hong Kong once again got the highest score for the freest economy in the world.
Hong Kong Tops the chart 12 times in a roll (from 1995-2006)!!!
Source: heritage.org
thats why Mickey and Minnie are so free in Hong Kong!!!
Note: Sorry for the typo! should be "Congratulations Hong Kong"
