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Hong Kong`s Free Economy: At the Crossroads? |
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INTRODUCTION |
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| In 2018, for the 24th year in a row , Hong Kong was ranked at the top position as the world’s freest economy in the Heritage Foundation’s Economic Freedom Index . The Index ranked Hong Kong high on parameters like a transparent legal system, simple tax code, and a straightforward business start-up process. Hong Kong remained the most open and free economy in the world, supported by its low tariffs, high quality legal framework, little tolerance for corruption, high degree of transparency, and low government intervention. All these factors played a major role in improving the government integrity. Economic freedom drove Hong Kong to its optimum level of growth. Hong Kong’s prosperity was also attributed to its proximity to the mainland China..
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| BACKGROUND: HONG KONG ECONOMY - Next Page>> |
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