12 Jan '11, 12pm

www.HongKong-VIP.com Hong Kong beat Singapore on freest economy ranking: Hong Kong has beaten Singapore again to...

Hong Kong has beaten Singapore again to be ranked the freest economy in the world for the 17th straight consecutive year, according to a ranking by US-based Heritage Foundation. Washington-based Heritage Foundation, which assessed 183 economies in the world, said in its 2011 Index of Economic Freedom report released on Wednesday that Hong Kong with a score of 89.7 is way above the world average of 59.7. Singapore is ranked 2nd with a score of 87.2 with Australia a close 3rd at 82.5, followed by New Zealand, Switzerland, Canada, Ireland, Denmark, United States and Bahrain on the Top 10 list. The ranking took into account a country’s trade, business, fiscal, monetary, financial, labor and investment freedom. The report said Hong Kong demonstrated a high degree of resilience during the global financial crisis with freedom in trade and finance being the biggest boost to Hong K...

Full article: http://www.temasekreview.com/2011/01/12/hong-kong-beat-si...

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