Greater Freedom and Prosperity
The latest version of the Index of Economic Freedom from the Heritage Foundation and The Wall Street Journal concludes that world economies are moving toward greater freedom and prosperity — and the incomes of poor people around the world are rising because of that.
The study of 157 countries takes account such factors as freedom from government, tax rates and property rights. Hong Kong is ranked number one for the 13th straight year, with Singapore, Australia and the U.S. rounding out the top four.
The report says economically free countries enjoy significantly greater prosperity than those heavy regulated by government. And it says that while the world is growing richer — the gap between the haves and the have-nots is narrowing.