Hong Kong — For 18 years running, Hong Kong has crossed the finish line first in the Heritage Foundation/Wall Street Journal Index of Economic Freedom. The 2012 edition finds Hong Kong ahead of Singapore and far in front of the U.S., which came in 10th.
“Hong Kong has demonstrated a high degree of resilience during the ongoing global turmoil and remains one of the world’s most competitive financial and business centers,” the Index states. “Regulatory efficiency and openness to global commerce strongly support entrepreneurial dynamism, while overall macroeconomic stability minimizes uncertainty.”
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