Capitalism and a free-market economy have, for the most part, worked wonders for Hong Kong. In the most recent year, Hong Kong's gross domestic product was a whopping U.S. $220+ billion dollars and it was ranked as the world's freest economy for the 17th consecutive year in the 2011 Index of Economic Freedom by the Heritage Foundation and The Wall Street Journal. |
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The conservative organizations predictably highlight that "Hong Kong boasts one of the world's most prosperous economies, thanks to small government, low taxes, and light regulation." |