Hong Kong is once again the world’s freest economy, according to Heritage’s 2014 Index of Economic Freedom.
It has very low rates of corruption, a simple and efficient tax system, competitive regulations, and open markets, all of which combine to make it an economy to aspire to.
So it’s appropriate that Heritage launched the 2014 Index, our 20th anniversary edition, in Hong Kong last month.
Hong Kong is the most dynamic financial and economic hub in Asia, a bastion of economic freedom compared to its political masters in China.
Perhaps reflecting the Hongkongese pride in their achievement, the media turned out in large numbers to cover the event. All told, more than 250 articles from around the globe reported the Index’s launch in just one week.
Watch a video of the launch below
Do you think Hong Kong can be a model of economic freedom for America?