Published on 12.01.2012

Hong Kong retains top spot of world's freest economy

Hong Kong has retained its position as the world's freest economy, according to a ranking compiled by the Heritage Foundation, a conservative think tank.

Singapore ranked second, followed by Australia, New Zealand and Switzerland.
The index evaluates economic freedom by looking at the rule of law, regulatory efficiency, the size of government and open markets. The 2012 report said that economic freedom for the world as a whole had declined over the past year.
Read full article at BBC.co.uk